RenaissanceRe Holdings Ltd. Depositary Shares, each representing a 1/1, 000th interest in a share of 4.20% Series G Preference Shares (RNRpG) — Stock Correlations & Overview
Over the past year, RNRpG has moved most closely with SOJC, COFpJ, EAI. Explore the stocks most correlated and inversely correlated with RNRpG below, along with its price, financials, and company profile.
Stocks correlated with RNRpG
Correlation of daily returns. Higher positive values move with RNRpG; negative values move opposite it. Informational only, not investment advice.
Most correlated with RNRpG
| Symbol | Company | Correlation |
|---|---|---|
| SOJC | The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES | 0.67 |
| COFpJ | Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non- Cumulative Perpetual Preferred Stock, Series JNATIONAL COMMERCIAL BANKS | 0.63 |
| EAI | Entergy Arkansas, LLC First Mortgage Bonds, 4.875% Series due September 1, 2066ELECTRIC SERVICES | 0.63 |
| WFCpZ | Wells Fargo & Company Depositary Shares, each representing a 1/1,000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series ZNATIONAL COMMERCIAL BANKS | 0.62 |
| METpF | MetLife, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 4.75% Non-Cumulative Preferred Stock, Series FLIFE INSURANCE | 0.62 |
Frequently asked questions about RNRpG correlations
- Which stocks are most correlated with RNRpG?
- Based on one year of daily returns, the stocks most correlated with RenaissanceRe Holdings Ltd. Depositary Shares, each representing a 1/1, 000th interest in a share of 4.20% Series G Preference Shares (RNRpG) are SOJC (0.67), COFpJ (0.63) and EAI (0.63). 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 RNRpG?
- Over the past year, the stocks most inversely correlated with RenaissanceRe Holdings Ltd. Depositary Shares, each representing a 1/1, 000th interest in a share of 4.20% Series G Preference Shares (RNRpG) are SBB (-0.40), SDD (-0.39) and RWM (-0.39). 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 RNRpG correlations calculated?
- We compute the correlation of daily returns between RNRpG 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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