Merchants Bancorp Depositary Shares Preferred Series C (MBINN) — Stock Correlations & Overview
Over the past year, MBINN has moved most closely with CMSC, ALLpH, ENO. Explore the stocks most correlated and inversely correlated with MBINN below, along with its price, financials, and company profile.
Stocks correlated with MBINN
Correlation of daily returns. Higher positive values move with MBINN; negative values move opposite it. Informational only, not investment advice.
Most correlated with MBINN
| Symbol | Company | Correlation |
|---|---|---|
| CMSC | CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078ELECTRIC & OTHER SERVICES COMBINED | 0.52 |
| ALLpH | The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE | 0.49 |
| ENO | Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066ELECTRIC & OTHER SERVICES COMBINED | 0.48 |
| 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 | 0.48 |
| USBpR | U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series M Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.47 |
Most inversely correlated with MBINN
| Symbol | Company | Correlation |
|---|---|---|
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.28 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.27 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.27 |
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.26 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.26 |
Frequently asked questions about MBINN correlations
- Which stocks are most correlated with MBINN?
- Based on one year of daily returns, the stocks most correlated with Merchants Bancorp Depositary Shares Preferred Series C (MBINN) are CMSC (0.52), ALLpH (0.49) and ENO (0.48). 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 MBINN?
- Over the past year, the stocks most inversely correlated with Merchants Bancorp Depositary Shares Preferred Series C (MBINN) are VXZ (-0.28), VXX (-0.27) and UVXY (-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 MBINN correlations calculated?
- We compute the correlation of daily returns between MBINN 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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