Raymond James Financial, Inc. (RJF) — Stock Correlations & Overview
Over the past year, RJF has moved most closely with AMP, SF, SCHW. Explore the stocks most correlated and inversely correlated with RJF below, along with its price, financials, and company profile.
Stocks correlated with RJF
Correlation of daily returns. Higher positive values move with RJF; negative values move opposite it. Informational only, not investment advice.
Most correlated with RJF
| Symbol | Company | Correlation |
|---|---|---|
| AMP | Ameriprise Financial, Inc.INVESTMENT ADVICE | 0.78 |
| SF | Stifel Financial Corp.SECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.77 |
| SCHW | The Charles Schwab CorporationSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.73 |
| IYF | iShares U.S. Financials ETF | 0.72 |
| LPLA | LPL Financial Holdings Inc.SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES | 0.71 |
Most inversely correlated with RJF
| Symbol | Company | Correlation |
|---|---|---|
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.67 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.66 |
| SKF | ProShares UltraShort Financials | -0.66 |
| SEF | ProShares Short Financials | -0.66 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.49 |
Frequently asked questions about RJF correlations
- Which stocks are most correlated with RJF?
- Based on one year of daily returns, the stocks most correlated with Raymond James Financial, Inc. (RJF) are AMP (0.78), SF (0.77) and SCHW (0.73). 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 RJF?
- Over the past year, the stocks most inversely correlated with Raymond James Financial, Inc. (RJF) are FAZ (-0.67), BNKD (-0.66) and SKF (-0.66). 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 RJF correlations calculated?
- We compute the correlation of daily returns between RJF 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.