Which stocks are most correlated with MSpA?

Based on one year of daily returns, the stocks most correlated with Morgan Stanley Floating Rate non-cumulative Preferred Series A (MSpA) are USBpH (0.58), MSpE (0.54) and MSpL (0.52). 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 MSpA?

Over the past year, the stocks most inversely correlated with Morgan Stanley Floating Rate non-cumulative Preferred Series A (MSpA) are SLTY (-0.28), SETH (-0.25) and WEBS (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.

Morgan Stanley Floating Rate non-cumulative Preferred Series A (MSpA) — Stock Correlations & Overview

Over the past year, MSpA has moved most closely with USBpH, MSpE, MSpL. Explore the stocks most correlated and inversely correlated with MSpA below, along with its price, financials, and company profile.

Stocks correlated with MSpA

Correlation of daily returns. Higher positive values move with MSpA; negative values move opposite it. Informational only, not investment advice.

Most correlated with MSpA

Symbol	Company	Correlation
USBpH	US Bancorp Depositary Shares (1/1,000 Interest in Ser. B Non-Cum. Prptl. Prfrd. Stock)NATIONAL COMMERCIAL BANKS	0.58
MSpE	MORGAN STANLEY DEP SHARES EACH REPRESENTING 1/1,000TH OF SHARE OF FIXED TO FLOATING RATE SER ESECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.54
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	0.52
MSpQ	Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 6.625% Non-Cumulative Preferred Stock, Series QSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.52
MSpF	MORGAN STANLEY SERIES FSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.52

Most inversely correlated with MSpA

Symbol	Company	Correlation
SLTY	YieldMax Ultra Short Option Income Strategy ETF	-0.28
SETH	ProShares Short Ether ETF	-0.25
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.24
ETHD	ProShares UltraShort Ether ETF	-0.24
BITI	ProShares Short Bitcoin ETF	-0.24

Frequently asked questions about MSpA correlations

Which stocks are most correlated with MSpA?: Based on one year of daily returns, the stocks most correlated with Morgan Stanley Floating Rate non-cumulative Preferred Series A (MSpA) are USBpH (0.58), MSpE (0.54) and MSpL (0.52). 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 MSpA?: Over the past year, the stocks most inversely correlated with Morgan Stanley Floating Rate non-cumulative Preferred Series A (MSpA) are SLTY (-0.28), SETH (-0.25) and WEBS (-0.24). 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 MSpA correlations calculated?: We compute the correlation of daily returns between MSpA 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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