Pacific Gas and Electric Company 6% 1st Pfd. (PCGpA) — Stock Correlations & Overview
Over the past year, PCGpA has moved most closely with EIX, PCG, PCGpX. Explore the stocks most correlated and inversely correlated with PCGpA below, along with its price, financials, and company profile.
Stocks correlated with PCGpA
Correlation of daily returns. Higher positive values move with PCGpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with PCGpA
| Symbol | Company | Correlation |
|---|---|---|
| EIX | Edison InternationalELECTRIC SERVICES | 0.34 |
| PCG | PG&E CorporationELECTRIC & OTHER SERVICES COMBINED | 0.31 |
| PCGpX | PG&E Corporation 6.000% Series A Mandatory Convertible Preferred StockELECTRIC & OTHER SERVICES COMBINED | 0.30 |
| FTSM | First Trust Enhanced Short Maturity ETF | 0.30 |
| NEEpU | NextEra Energy Capital Holdings, Inc. Series U Junior Subordinated Debentures due June 1, 2085ELECTRIC SERVICES | 0.30 |
Most inversely correlated with PCGpA
| Symbol | Company | Correlation |
|---|---|---|
| MYND | Mynd.ai, Inc. American Depositary Shares, each representing ten (10) Class A Ordinary Shares | -0.22 |
| LPLA | LPL Financial Holdings Inc.SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES | -0.20 |
| VIOT | Viomi Technology Co., Ltd American Depositary Shares | -0.20 |
| DH | Definitive Healthcare Corp. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | -0.20 |
| BRLN | iShares Floating Rate Loan Active ETF | -0.19 |
Frequently asked questions about PCGpA correlations
- Which stocks are most correlated with PCGpA?
- Based on one year of daily returns, the stocks most correlated with Pacific Gas and Electric Company 6% 1st Pfd. (PCGpA) are EIX (0.34), PCG (0.31) and PCGpX (0.30). 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 PCGpA?
- Over the past year, the stocks most inversely correlated with Pacific Gas and Electric Company 6% 1st Pfd. (PCGpA) are MYND (-0.22), LPLA (-0.20) and VIOT (-0.20). 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 PCGpA correlations calculated?
- We compute the correlation of daily returns between PCGpA 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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