Which stocks are most correlated with GPJA?

Based on one year of daily returns, the stocks most correlated with Georgia Power Company Series 2017A 5.00 Percent Junior Subordinated Notes due October 1, 2077 (GPJA) are USBpS (0.67), USBpQ (0.66) and ALLpH (0.66). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with GPJA?

Over the past year, the stocks most inversely correlated with Georgia Power Company Series 2017A 5.00 Percent Junior Subordinated Notes due October 1, 2077 (GPJA) are SPXS (-0.35), TMV (-0.35) and PFIX (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.

Georgia Power Company Series 2017A 5.00 Percent Junior Subordinated Notes due October 1, 2077 (GPJA) — Stock Correlations & Overview

Over the past year, GPJA has moved most closely with USBpS, USBpQ, ALLpH. Explore the stocks most correlated and inversely correlated with GPJA below, along with its price, financials, and company profile.

Stocks correlated with GPJA

Correlation of daily returns. Higher positive values move with GPJA; negative values move opposite it. Informational only, not investment advice.

Most correlated with GPJA

Symbol	Company	Correlation
USBpS	U.S. Bancorp Depositary Shares, each representing a 1/1, 000th interest in a share of Series O Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS	0.67
USBpQ	U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series L Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS	0.66
ALLpH	The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE	0.66
EMP	Entergy Mississippi, LLC First Mortgage Bonds, 4.90% Series due October 1, 2066ELECTRIC SERVICES	0.65
MSpK	Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series KSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.64

Most inversely correlated with GPJA

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.35
TMV	Direxion Daily 20+ Year Treasury Bear 3X ETF	-0.35
PFIX	Simplify Interest Rate Hedge ETF	-0.35
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.35
TBF	ProShares Short 20+ Year Treasury ETF	-0.35

Frequently asked questions about GPJA correlations

Which stocks are most correlated with GPJA?: Based on one year of daily returns, the stocks most correlated with Georgia Power Company Series 2017A 5.00 Percent Junior Subordinated Notes due October 1, 2077 (GPJA) are USBpS (0.67), USBpQ (0.66) and ALLpH (0.66). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with GPJA?: Over the past year, the stocks most inversely correlated with Georgia Power Company Series 2017A 5.00 Percent Junior Subordinated Notes due October 1, 2077 (GPJA) are SPXS (-0.35), TMV (-0.35) and PFIX (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these GPJA correlations calculated?: We compute the correlation of daily returns between GPJA and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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