SCE Trust VIII 6.95% Trust Preference Securities (SCEpN) — Stock Correlations & Overview
Over the past year, SCEpN has moved most closely with SCEpM, SCEpL, SCEpG. Explore the stocks most correlated and inversely correlated with SCEpN below, along with its price, financials, and company profile.
Stocks correlated with SCEpN
Correlation of daily returns. Higher positive values move with SCEpN; negative values move opposite it. Informational only, not investment advice.
Most correlated with SCEpN
| Symbol | Company | Correlation |
|---|---|---|
| SCEpM | SCE Trust VII 7.50% Trust Preference SecuritiesELECTRIC SERVICES | 0.72 |
| SCEpL | SCE TRUST VI 5.00% Trust Preference SecuritiesELECTRIC SERVICES | 0.43 |
| SCEpG | SCE TRUST II 5.10% Trust Preference SecuritiesELECTRIC SERVICES | 0.35 |
| MSpO | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.250% Non-Cumulative Preferred Stock, Series OSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.31 |
| PSApL | Public Storage Depositary Shares Each Representing 1/1,000 of a 4.625% Cumulative Preferred Share of Beneficial Interest, Series L, par value $0.01 per shareREAL ESTATE INVESTMENT TRUSTS | 0.28 |
Most inversely correlated with SCEpN
| Symbol | Company | Correlation |
|---|---|---|
| BBWI | Bath & Body Works, Inc.RETAIL-RETAIL STORES, NEC | -0.21 |
| ES | Eversource EnergyELECTRIC SERVICES | -0.21 |
| MFI | mF International Limited Class A Ordinary Shares | -0.19 |
| BSL | Blackstone Senior Floating Rate 2027 Term Fund | -0.19 |
| AGIO | Agios Pharmaceuticals, Inc.PHARMACEUTICAL PREPARATIONS | -0.18 |
Frequently asked questions about SCEpN correlations
- Which stocks are most correlated with SCEpN?
- Based on one year of daily returns, the stocks most correlated with SCE Trust VIII 6.95% Trust Preference Securities (SCEpN) are SCEpM (0.72), SCEpL (0.43) and SCEpG (0.35). 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 SCEpN?
- Over the past year, the stocks most inversely correlated with SCE Trust VIII 6.95% Trust Preference Securities (SCEpN) are BBWI (-0.21), ES (-0.21) and MFI (-0.19). 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 SCEpN correlations calculated?
- We compute the correlation of daily returns between SCEpN 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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