Brookfield Oaktree Holdings, LLC 6.625% Series A Preferred units (OAKpA) — Stock Correlations & Overview
Over the past year, OAKpA has moved most closely with OAKpB, CMSC, BOHpA. Explore the stocks most correlated and inversely correlated with OAKpA below, along with its price, financials, and company profile.
Stocks correlated with OAKpA
Correlation of daily returns. Higher positive values move with OAKpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with OAKpA
| Symbol | Company | Correlation |
|---|---|---|
| OAKpB | Brookfield Oaktree Holdings, LLC 6.550% Series B Preferred UnitsINVESTMENT ADVICE | 0.58 |
| CMSC | CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078ELECTRIC & OTHER SERVICES COMBINED | 0.45 |
| 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 | 0.41 |
| PMTpC | PennyMac Mortgage Investment Trust 6.75% Series C Cumulative Redeemable Preferred Shares of Beneficial InterestREAL ESTATE INVESTMENT TRUSTS | 0.39 |
| PFF | iShares Trust iShares Preferred and Income Securities ETF | 0.37 |
Most inversely correlated with OAKpA
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.27 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.24 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.24 |
| TWM | ProShares UltraShort Russell2000 | -0.24 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.24 |
Frequently asked questions about OAKpA correlations
- Which stocks are most correlated with OAKpA?
- Based on one year of daily returns, the stocks most correlated with Brookfield Oaktree Holdings, LLC 6.625% Series A Preferred units (OAKpA) are OAKpB (0.58), CMSC (0.45) and BOHpA (0.41). 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 OAKpA?
- Over the past year, the stocks most inversely correlated with Brookfield Oaktree Holdings, LLC 6.625% Series A Preferred units (OAKpA) are SARK (-0.27), BERZ (-0.24) and TZA (-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 OAKpA correlations calculated?
- We compute the correlation of daily returns between OAKpA 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.