Merchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value (MBINL) — Stock Correlations & Overview
Over the past year, MBINL has moved most closely with WRBpE, ADAMG, BPYPO. Explore the stocks most correlated and inversely correlated with MBINL below, along with its price, financials, and company profile.
Stocks correlated with MBINL
Correlation of daily returns. Higher positive values move with MBINL; negative values move opposite it. Informational only, not investment advice.
Most correlated with MBINL
| Symbol | Company | Correlation |
|---|---|---|
| WRBpE | W.R. Berkley Corporation 5.70% Subordinated Debentures due 2058FIRE, MARINE & CASUALTY INSURANCE | 0.34 |
| ADAMG | Adamas Trust, Inc. 9.125% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.32 |
| BPYPO | Brookfield Property Partners L.P. 6.375% Class A Cumulative Redeemable Perpetual Preferred Units, Series 2 | 0.32 |
| PSApJ | Public Storage Depositary Shares Each Representing 1/1,000 of a 4.700% Cumulative Preferred Share of Beneficial Interest, Series JREAL ESTATE INVESTMENT TRUSTS | 0.31 |
| PSApH | Public Storage Depositary Shares Each Representing 1/1,000 of a 5.60% Cumulative Preferred Share of Beneficial Interest, Series HREAL ESTATE INVESTMENT TRUSTS | 0.31 |
Most inversely correlated with MBINL
| Symbol | Company | Correlation |
|---|---|---|
| POR | Portland General Electric CompanyELECTRIC SERVICES | -0.19 |
| VTIP | Vanguard Short-Term Inflation-Protected Securities Index Fund | -0.18 |
| INEO | INNEOVA Holdings Limited Class A Ordinary Shares | -0.18 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.18 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.17 |
Frequently asked questions about MBINL correlations
- Which stocks are most correlated with MBINL?
- Based on one year of daily returns, the stocks most correlated with Merchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value (MBINL) are WRBpE (0.34), ADAMG (0.32) and BPYPO (0.32). 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 MBINL?
- Over the past year, the stocks most inversely correlated with Merchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value (MBINL) are POR (-0.19), VTIP (-0.18) and INEO (-0.18). 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 MBINL correlations calculated?
- We compute the correlation of daily returns between MBINL 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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