Midland States Bancorp, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (MSBIP) — Stock Correlations & Overview
Over the past year, MSBIP has moved most closely with UMBFO, KEYpL, BOHpA. Explore the stocks most correlated and inversely correlated with MSBIP below, along with its price, financials, and company profile.
Stocks correlated with MSBIP
Correlation of daily returns. Higher positive values move with MSBIP; negative values move opposite it. Informational only, not investment advice.
Most correlated with MSBIP
| Symbol | Company | Correlation |
|---|---|---|
| UMBFO | UMB Financial Corporation Depositary Shares Each Representing a 1/400th Interest in a Share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series BNATIONAL COMMERCIAL BANKS | 0.44 |
| KEYpL | KeyCorp Depositary Shares each representing a 1/40th ownership interest in a share of Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series HNATIONAL COMMERCIAL BANKS | 0.40 |
| BOHpA | Bank of Hawaii Corporation Depositary Shares Each Representing a 1/40th Interest in a Share of 4.375% Fixed Rate Non- Cumulative Perpetual Preferred Stock, Series ASTATE COMMERCIAL BANKS | 0.39 |
| MSpL | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.875% Non-Cumulative Preferred Stock, Series LSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.38 |
| VNOpL | VORNADO REALTY TRUST 5.40% Series L Cumulative Redeemable Preferred Shares of Beneficial Interest, liquidation preference $25.00 per shareREAL ESTATE INVESTMENT TRUSTS | 0.38 |
Most inversely correlated with MSBIP
| Symbol | Company | Correlation |
|---|---|---|
| PRAX | Praxis Precision Medicines, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.26 |
| CAOS | Alpha Architect Tail Risk ETF | -0.26 |
| TSLQ | Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF | -0.23 |
| TSLS | Direxion Shares ETF Trust Direxion Daily TSLA Bear 1X ETF | -0.23 |
| TSLZ | T-Rex 2X Inverse Tesla Daily Target ETF | -0.23 |
Frequently asked questions about MSBIP correlations
- Which stocks are most correlated with MSBIP?
- Based on one year of daily returns, the stocks most correlated with Midland States Bancorp, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (MSBIP) are UMBFO (0.44), KEYpL (0.40) and BOHpA (0.39). 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 MSBIP?
- Over the past year, the stocks most inversely correlated with Midland States Bancorp, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (MSBIP) are PRAX (-0.26), CAOS (-0.26) and TSLQ (-0.23). 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 MSBIP correlations calculated?
- We compute the correlation of daily returns between MSBIP 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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