KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061 (KKRS) — Stock Correlations & Overview
Over the past year, KKRS has moved most closely with NTRSO, JPMpM, PGX. Explore the stocks most correlated and inversely correlated with KKRS below, along with its price, financials, and company profile.
Stocks correlated with KKRS
Correlation of daily returns. Higher positive values move with KKRS; negative values move opposite it. Informational only, not investment advice.
Most correlated with KKRS
| Symbol | Company | Correlation |
|---|---|---|
| NTRSO | Northern Trust Corporation Depositary Shares Each Representing a 1/1,000th Interest in a Share of Series E Non-Cumulative Perpetual Preferred StockSTATE COMMERCIAL BANKS | 0.55 |
| JPMpM | JPMorgan Chase & Co. Depositary Shares, each representing a 1/400th interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MMNATIONAL COMMERCIAL BANKS | 0.53 |
| PGX | Invesco Preferred ETFINVESTMENT ADVICE | 0.53 |
| JPMpL | JPMorgan Chase & Co. Depositary Shares, each representing a 1/400th interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LLNATIONAL COMMERCIAL BANKS | 0.53 |
| SCHWpJ | The Charles Schwab Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.450% Non-Cumulative Perpetual Preferred Stock, Series JSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.53 |
Most inversely correlated with KKRS
| Symbol | Company | Correlation |
|---|---|---|
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.30 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.30 |
| EPV | ProShares UltraShort FTSE Europe | -0.30 |
| TWM | ProShares UltraShort Russell2000 | -0.30 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.30 |
Frequently asked questions about KKRS correlations
- Which stocks are most correlated with KKRS?
- Based on one year of daily returns, the stocks most correlated with KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061 (KKRS) are NTRSO (0.55), JPMpM (0.53) and PGX (0.53). 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 KKRS?
- Over the past year, the stocks most inversely correlated with KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061 (KKRS) are CARD (-0.30), EFU (-0.30) and EPV (-0.30). 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 KKRS correlations calculated?
- We compute the correlation of daily returns between KKRS 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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