MetLife, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.625% Non-Cumulative Preferred Stock, Series E (METpE) — Stock Correlations & Overview
Over the past year, METpE has moved most closely with METpF, WFCpC, SOJC. Explore the stocks most correlated and inversely correlated with METpE below, along with its price, financials, and company profile.
Stocks correlated with METpE
Correlation of daily returns. Higher positive values move with METpE; negative values move opposite it. Informational only, not investment advice.
Most correlated with METpE
| Symbol | Company | Correlation |
|---|---|---|
| METpF | MetLife, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 4.75% Non-Cumulative Preferred Stock, Series FLIFE INSURANCE | 0.78 |
| WFCpC | Wells Fargo & Company Depositary Shares, each representing a 1/1, 000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series CCNATIONAL COMMERCIAL BANKS | 0.72 |
| SOJC | The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES | 0.71 |
| WFCpZ | Wells Fargo & Company Depositary Shares, each representing a 1/1,000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series ZNATIONAL COMMERCIAL BANKS | 0.70 |
| WFCpA | Wells Fargo & Company Depositary Shares, each representing a 1/1, 000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series AANATIONAL COMMERCIAL BANKS | 0.68 |
Frequently asked questions about METpE correlations
- Which stocks are most correlated with METpE?
- Based on one year of daily returns, the stocks most correlated with MetLife, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.625% Non-Cumulative Preferred Stock, Series E (METpE) are METpF (0.78), WFCpC (0.72) and SOJC (0.71). 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 METpE?
- Over the past year, the stocks most inversely correlated with MetLife, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.625% Non-Cumulative Preferred Stock, Series E (METpE) are SH (-0.51), RWM (-0.51) and SPXU (-0.51). 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 METpE correlations calculated?
- We compute the correlation of daily returns between METpE 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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