Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 6.500% Non-Cumulative Preferred Stock, Series P (MSpP) — Stock Correlations & Overview
Over the past year, MSpP has moved most closely with MSpQ, MSpI, USBpP. Explore the stocks most correlated and inversely correlated with MSpP below, along with its price, financials, and company profile.
Stocks correlated with MSpP
Correlation of daily returns. Higher positive values move with MSpP; negative values move opposite it. Informational only, not investment advice.
Most correlated with MSpP
| Symbol | Company | Correlation |
|---|---|---|
| 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 | 0.71 |
| MSpI | MORGAN STANLEY Depositary Shares, each representing 1/1,000th of a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series ISECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.65 |
| USBpP | U.S. Bancorp Depositary Shares each representing a 1/1,000th interest in a share of Series K Non-Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.64 |
| MSpF | MORGAN STANLEY SERIES FSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.64 |
| APRH | Innovator Premium Income 20 Barrier ETF - April | 0.63 |
Most inversely correlated with MSpP
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.34 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.34 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.33 |
| TBX | ProShares Short 7-10 Year Treasury | -0.32 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.32 |
Frequently asked questions about MSpP correlations
- Which stocks are most correlated with MSpP?
- 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 6.500% Non-Cumulative Preferred Stock, Series P (MSpP) are MSpQ (0.71), MSpI (0.65) and USBpP (0.64). 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 MSpP?
- Over the past year, the stocks most inversely correlated with Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 6.500% Non-Cumulative Preferred Stock, Series P (MSpP) are TYO (-0.34), PST (-0.34) and TBT (-0.33). 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 MSpP correlations calculated?
- We compute the correlation of daily returns between MSpP 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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