Goldman Sachs Group Dep. Shares (1/1000 Int. of Floating Rate Non-Cum. Prfrd. Stk., Ser. C) (GSpC) — Stock Correlations & Overview
Over the past year, GSpC has moved most closely with GSpA, GSpD, MSpA. Explore the stocks most correlated and inversely correlated with GSpC below, along with its price, financials, and company profile.
Stocks correlated with GSpC
Correlation of daily returns. Higher positive values move with GSpC; negative values move opposite it. Informational only, not investment advice.
Most correlated with GSpC
| Symbol | Company | Correlation |
|---|---|---|
| GSpA | Goldman Sachs Group, Inc. (The) Depositary sharesSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.69 |
| GSpD | Goldman Sachs Group, Inc. (Each representing 1/1000th Interest in a Share of Floating Rate Non-cumulative Preferred Stock Series D, $1.01 par valueSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.66 |
| MSpA | Morgan Stanley Floating Rate non-cumulative Preferred Series ASECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.41 |
| SOJC | The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES | 0.40 |
| SOJE | The Southern Company Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060ELECTRIC SERVICES | 0.40 |
Most inversely correlated with GSpC
| Symbol | Company | Correlation |
|---|---|---|
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.28 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.27 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.27 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.26 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.26 |
Frequently asked questions about GSpC correlations
- Which stocks are most correlated with GSpC?
- Based on one year of daily returns, the stocks most correlated with Goldman Sachs Group Dep. Shares (1/1000 Int. of Floating Rate Non-Cum. Prfrd. Stk., Ser. C) (GSpC) are GSpA (0.69), GSpD (0.66) and MSpA (0.41). 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 GSpC?
- Over the past year, the stocks most inversely correlated with Goldman Sachs Group Dep. Shares (1/1000 Int. of Floating Rate Non-Cum. Prfrd. Stk., Ser. C) (GSpC) are BTAL (-0.28), SARK (-0.27) and FNGD (-0.27). 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 GSpC correlations calculated?
- We compute the correlation of daily returns between GSpC 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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