PITNEY BOWES INC .6.70% Notes Due 2043, (PBIpB) — Stock Correlations & Overview
Over the past year, PBIpB has moved most closely with WAFDP, XFLX, JULH. Explore the stocks most correlated and inversely correlated with PBIpB below, along with its price, financials, and company profile.
Stocks correlated with PBIpB
Correlation of daily returns. Higher positive values move with PBIpB; negative values move opposite it. Informational only, not investment advice.
Most correlated with PBIpB
| Symbol | Company | Correlation |
|---|---|---|
| WAFDP | WaFd, Inc. Depositary SharesNATIONAL COMMERCIAL BANKS | 0.48 |
| XFLX | FundX Flexible ETF | 0.43 |
| JULH | Innovator Premium Income 20 Barrier ETF - July | 0.41 |
| EMP | Entergy Mississippi, LLC First Mortgage Bonds, 4.90% Series due October 1, 2066ELECTRIC SERVICES | 0.41 |
| CMSC | CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078ELECTRIC & OTHER SERVICES COMBINED | 0.40 |
Most inversely correlated with PBIpB
| Symbol | Company | Correlation |
|---|---|---|
| SETH | ProShares Short Ether ETF | -0.25 |
| ETHD | ProShares UltraShort Ether ETF | -0.25 |
| AXSM | Axsome Therapeutics, IncPHARMACEUTICAL PREPARATIONS | -0.25 |
| INBS | Intelligent Bio Solutions Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.24 |
| BITI | ProShares Short Bitcoin ETF | -0.23 |
Frequently asked questions about PBIpB correlations
- Which stocks are most correlated with PBIpB?
- Based on one year of daily returns, the stocks most correlated with PITNEY BOWES INC .6.70% Notes Due 2043, (PBIpB) are WAFDP (0.48), XFLX (0.43) and JULH (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 PBIpB?
- Over the past year, the stocks most inversely correlated with PITNEY BOWES INC .6.70% Notes Due 2043, (PBIpB) are SETH (-0.25), ETHD (-0.25) and AXSM (-0.25). 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 PBIpB correlations calculated?
- We compute the correlation of daily returns between PBIpB 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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