Brookfield Oaktree Holdings, LLC 6.550% Series B Preferred Units (OAKpB) — Stock Correlations & Overview
Over the past year, OAKpB has moved most closely with OAKpA, CMSC, EPRF. Explore the stocks most correlated and inversely correlated with OAKpB below, along with its price, financials, and company profile.
Stocks correlated with OAKpB
Correlation of daily returns. Higher positive values move with OAKpB; negative values move opposite it. Informational only, not investment advice.
Most correlated with OAKpB
| Symbol | Company | Correlation |
|---|---|---|
| OAKpA | Brookfield Oaktree Holdings, LLC 6.625% Series A Preferred unitsINVESTMENT ADVICE | 0.58 |
| CMSC | CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078ELECTRIC & OTHER SERVICES COMBINED | 0.38 |
| EPRF | Innovator S&P Investment Grade Preferred ETF | 0.36 |
| AVAL | GRUPO AVAL ACCIONES Y VALORES S.A. | 0.36 |
| DTK | DTE Energy Company 2025 Series H 6.25% Junior Subordinated Debentures due 2085ELECTRIC SERVICES | 0.36 |
Most inversely correlated with OAKpB
| Symbol | Company | Correlation |
|---|---|---|
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.27 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.27 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.27 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.26 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.26 |
Frequently asked questions about OAKpB correlations
- Which stocks are most correlated with OAKpB?
- Based on one year of daily returns, the stocks most correlated with Brookfield Oaktree Holdings, LLC 6.550% Series B Preferred Units (OAKpB) are OAKpA (0.58), CMSC (0.38) and EPRF (0.36). 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 OAKpB?
- Over the past year, the stocks most inversely correlated with Brookfield Oaktree Holdings, LLC 6.550% Series B Preferred Units (OAKpB) are AIBD (-0.27), BERZ (-0.27) and SARK (-0.27). 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 OAKpB correlations calculated?
- We compute the correlation of daily returns between OAKpB 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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