Which stocks are most correlated with PPT?

Based on one year of daily returns, the stocks most correlated with Franklin Premier Income Trust (PPT) are FTF (0.52), PIM (0.50) and CEFD (0.48). 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 PPT?

Over the past year, the stocks most inversely correlated with Franklin Premier Income Trust (PPT) are EFZ (-0.32), EFU (-0.31) and EPV (-0.31). A negative correlation means the two stocks have tended to move in opposite directions.

Franklin Premier Income Trust (PPT) — Stock Correlations & Overview

Over the past year, PPT has moved most closely with FTF, PIM, CEFD. Explore the stocks most correlated and inversely correlated with PPT below, along with its price, financials, and company profile.

Stocks correlated with PPT

Correlation of daily returns. Higher positive values move with PPT; negative values move opposite it. Informational only, not investment advice.

Most correlated with PPT

Symbol	Company	Correlation
FTF	Franklin Limited Duration Income Trust Common Shrs. of Beneficial Interest	0.52
PIM	Franklin Master Intermediate Income Trust	0.50
CEFD	ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	0.48
ETW	Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund	0.46
HYI	Western Asset High Yield Opportunity Fund Inc.	0.46

Most inversely correlated with PPT

Symbol	Company	Correlation
EFZ	ProShares Trust Short MSCI EAFE	-0.32
EFU	ProShares Trust UltraShort MSCI EAFE	-0.31
EPV	ProShares UltraShort FTSE Europe	-0.31
SPXU	ProShares UltraPro Short S&P 500	-0.31
SDS	ProShares UltraShort S&P500	-0.31

Frequently asked questions about PPT correlations

Which stocks are most correlated with PPT?: Based on one year of daily returns, the stocks most correlated with Franklin Premier Income Trust (PPT) are FTF (0.52), PIM (0.50) and CEFD (0.48). 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 PPT?: Over the past year, the stocks most inversely correlated with Franklin Premier Income Trust (PPT) are EFZ (-0.32), EFU (-0.31) and EPV (-0.31). 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 PPT correlations calculated?: We compute the correlation of daily returns between PPT 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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