Old National Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of Series A Preferred Stock (ONBPP) — Stock Correlations & Overview
Over the past year, ONBPP has moved most closely with ONBPO, WLDR, DUKZ. Explore the stocks most correlated and inversely correlated with ONBPP below, along with its price, financials, and company profile.
Stocks correlated with ONBPP
Correlation of daily returns. Higher positive values move with ONBPP; negative values move opposite it. Informational only, not investment advice.
Most correlated with ONBPP
| Symbol | Company | Correlation |
|---|---|---|
| ONBPO | Old National Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of Series C Preferred Stock | 0.46 |
| WLDR | Simplify Affinity World Leaders Equity ETF | 0.37 |
| DUKZ | Ocean Park Diversified Income ETF | 0.34 |
| EFCpB | Ellington Financial Inc. 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred StockREAL ESTATE | 0.34 |
| DUKH | Ocean Park High Income ETFELECTRIC & OTHER SERVICES COMBINED | 0.34 |
Most inversely correlated with ONBPP
| Symbol | Company | Correlation |
|---|---|---|
| SRTY | ProShares UltraPro Short Russell2000 | -0.28 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.28 |
| TWM | ProShares UltraShort Russell2000 | -0.28 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.28 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.27 |
Frequently asked questions about ONBPP correlations
- Which stocks are most correlated with ONBPP?
- Based on one year of daily returns, the stocks most correlated with Old National Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of Series A Preferred Stock (ONBPP) are ONBPO (0.46), WLDR (0.37) and DUKZ (0.34). 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 ONBPP?
- Over the past year, the stocks most inversely correlated with Old National Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of Series A Preferred Stock (ONBPP) are SRTY (-0.28), TZA (-0.28) and TWM (-0.28). 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 ONBPP correlations calculated?
- We compute the correlation of daily returns between ONBPP 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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