NextEra Energy Capital Holdings, Inc. Series N Junior Subordinated Debentures due March 1, 2079 (NEEpN) — Stock Correlations & Overview
Over the past year, NEEpN has moved most closely with SOJC, DTW, WFCpY. Explore the stocks most correlated and inversely correlated with NEEpN below, along with its price, financials, and company profile.
Stocks correlated with NEEpN
Correlation of daily returns. Higher positive values move with NEEpN; negative values move opposite it. Informational only, not investment advice.
Most correlated with NEEpN
| Symbol | Company | Correlation |
|---|---|---|
| SOJC | The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES | 0.68 |
| DTW | DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077ELECTRIC SERVICES | 0.64 |
| WFCpY | Wells Fargo & CompanyNATIONAL COMMERCIAL BANKS | 0.63 |
| ELC | Entergy Louisiana, LLC Collateral Trust Mortgage Bonds, 4.875 % Series due September 1, 2066ELECTRIC SERVICES | 0.62 |
| DUKpA | Duke Energy Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred StockELECTRIC & OTHER SERVICES COMBINED | 0.61 |
Most inversely correlated with NEEpN
| Symbol | Company | Correlation |
|---|---|---|
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.39 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.38 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.38 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.38 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.38 |
Frequently asked questions about NEEpN correlations
- Which stocks are most correlated with NEEpN?
- Based on one year of daily returns, the stocks most correlated with NextEra Energy Capital Holdings, Inc. Series N Junior Subordinated Debentures due March 1, 2079 (NEEpN) are SOJC (0.68), DTW (0.64) and WFCpY (0.63). 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 NEEpN?
- Over the past year, the stocks most inversely correlated with NextEra Energy Capital Holdings, Inc. Series N Junior Subordinated Debentures due March 1, 2079 (NEEpN) are SPXS (-0.39), TZA (-0.38) and SPXU (-0.38). 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 NEEpN correlations calculated?
- We compute the correlation of daily returns between NEEpN 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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