Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.250% Non-Cumulative Preferred Stock, Series O (MSpO) — Stock Correlations & Overview
Over the past year, MSpO has moved most closely with USBpQ, USBpR, BACpN. Explore the stocks most correlated and inversely correlated with MSpO below, along with its price, financials, and company profile.
Stocks correlated with MSpO
Correlation of daily returns. Higher positive values move with MSpO; negative values move opposite it. Informational only, not investment advice.
Most correlated with MSpO
| Symbol | Company | Correlation |
|---|---|---|
| USBpQ | U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series L Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.81 |
| 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 | 0.77 |
| BACpN | Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LLNATIONAL COMMERCIAL BANKS | 0.77 |
| 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 | 0.76 |
| JPMpM | JPMorgan Chase & Co. Depositary Shares, each representing a 1/400th interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MMNATIONAL COMMERCIAL BANKS | 0.76 |
Most inversely correlated with MSpO
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.49 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.48 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.47 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.46 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.46 |
Frequently asked questions about MSpO correlations
- Which stocks are most correlated with MSpO?
- Based on one year of daily returns, the stocks most correlated with Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.250% Non-Cumulative Preferred Stock, Series O (MSpO) are USBpQ (0.81), USBpR (0.77) and BACpN (0.77). 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 MSpO?
- Over the past year, the stocks most inversely correlated with Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.250% Non-Cumulative Preferred Stock, Series O (MSpO) are TMV (-0.49), TBT (-0.48) and TBF (-0.47). 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 MSpO correlations calculated?
- We compute the correlation of daily returns between MSpO 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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