Which stocks are most correlated with SCEpG?

Based on one year of daily returns, the stocks most correlated with SCE TRUST II 5.10% Trust Preference Securities (SCEpG) are SCEpL (0.66), MSpL (0.46) and PGX (0.45). 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 SCEpG?

Over the past year, the stocks most inversely correlated with SCE TRUST II 5.10% Trust Preference Securities (SCEpG) are YANG (-0.25), EPV (-0.23) and GGLS (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.

SCE TRUST II 5.10% Trust Preference Securities (SCEpG) — Stock Correlations & Overview

Over the past year, SCEpG has moved most closely with SCEpL, MSpL, PGX. Explore the stocks most correlated and inversely correlated with SCEpG below, along with its price, financials, and company profile.

Stocks correlated with SCEpG

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

Most correlated with SCEpG

Symbol	Company	Correlation
SCEpL	SCE TRUST VI 5.00% Trust Preference SecuritiesELECTRIC SERVICES	0.66
MSpL	Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.875% Non-Cumulative Preferred Stock, Series LSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.46
PGX	Invesco Preferred ETFINVESTMENT ADVICE	0.45
ALLpH	The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE	0.45
ALLpI	The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE	0.45

Most inversely correlated with SCEpG

Symbol	Company	Correlation
YANG	Direxion Daily FTSE China Bear 3X ETF	-0.25
EPV	ProShares UltraShort FTSE Europe	-0.23
GGLS	Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF	-0.23
FXP	ProShares UltraShort FTSE China 50 of ProShares Trust	-0.23
YXI	ProShares Short FTSE China 50 of PROSHARES TRUST	-0.22

Frequently asked questions about SCEpG correlations

Which stocks are most correlated with SCEpG?: Based on one year of daily returns, the stocks most correlated with SCE TRUST II 5.10% Trust Preference Securities (SCEpG) are SCEpL (0.66), MSpL (0.46) and PGX (0.45). 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 SCEpG?: Over the past year, the stocks most inversely correlated with SCE TRUST II 5.10% Trust Preference Securities (SCEpG) are YANG (-0.25), EPV (-0.23) and GGLS (-0.23). 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 SCEpG correlations calculated?: We compute the correlation of daily returns between SCEpG 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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