Which stocks are most correlated with SCEpL?

Based on one year of daily returns, the stocks most correlated with SCE TRUST VI 5.00% Trust Preference Securities (SCEpL) are SCEpG (0.66), PGX (0.50) and ALLpI (0.50). 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 SCEpL?

Over the past year, the stocks most inversely correlated with SCE TRUST VI 5.00% Trust Preference Securities (SCEpL) are EFZ (-0.33), EPV (-0.32) and SCC (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

SCE TRUST VI 5.00% Trust Preference Securities (SCEpL) — Stock Correlations & Overview

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

Stocks correlated with SCEpL

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

Most correlated with SCEpL

Symbol	Company	Correlation
SCEpG	SCE TRUST II 5.10% Trust Preference SecuritiesELECTRIC SERVICES	0.66
PGX	Invesco Preferred ETFINVESTMENT ADVICE	0.50
ALLpI	The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE	0.50
PGF	Invesco Financial Preferred ETF	0.49
ALLpH	The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE	0.49

Most inversely correlated with SCEpL

Symbol	Company	Correlation
EFZ	ProShares Trust Short MSCI EAFE	-0.33
EPV	ProShares UltraShort FTSE Europe	-0.32
SCC	ProShares UltraShort Consumer Discretionary	-0.32
EFU	ProShares Trust UltraShort MSCI EAFE	-0.31
SJB	ProShares Short High Yield	-0.30

Frequently asked questions about SCEpL correlations

Which stocks are most correlated with SCEpL?: Based on one year of daily returns, the stocks most correlated with SCE TRUST VI 5.00% Trust Preference Securities (SCEpL) are SCEpG (0.66), PGX (0.50) and ALLpI (0.50). 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 SCEpL?: Over the past year, the stocks most inversely correlated with SCE TRUST VI 5.00% Trust Preference Securities (SCEpL) are EFZ (-0.33), EPV (-0.32) and SCC (-0.32). 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 SCEpL correlations calculated?: We compute the correlation of daily returns between SCEpL 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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