Charles Schwab Corporation Depositary Shares each representing 1/40th interest in a share of 5.95% Non-Cumulative Perpetual Preferred Stock, Series D (SCHWpD) — Stock Correlations & Overview
Over the past year, SCHWpD has moved most closely with SCHWpJ, DUKpA, DTW. Explore the stocks most correlated and inversely correlated with SCHWpD below, along with its price, financials, and company profile.
Stocks correlated with SCHWpD
Correlation of daily returns. Higher positive values move with SCHWpD; negative values move opposite it. Informational only, not investment advice.
Most correlated with SCHWpD
| Symbol | Company | Correlation |
|---|---|---|
| SCHWpJ | The Charles Schwab Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.450% Non-Cumulative Perpetual Preferred Stock, Series JSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.69 |
| DUKpA | Duke Energy Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred StockELECTRIC & OTHER SERVICES COMBINED | 0.62 |
| DTW | DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077ELECTRIC SERVICES | 0.61 |
| DTG | DTE Energy Company 2021 Series E 4.375% Junior Subordinated DebenturesELECTRIC SERVICES | 0.61 |
| TFCpO | Truist Financial Corporation Depositary Shares, Each Representing a 1/1,000th Interest in a Share of Series O Non-Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.59 |
Frequently asked questions about SCHWpD correlations
- Which stocks are most correlated with SCHWpD?
- Based on one year of daily returns, the stocks most correlated with Charles Schwab Corporation Depositary Shares each representing 1/40th interest in a share of 5.95% Non-Cumulative Perpetual Preferred Stock, Series D (SCHWpD) are SCHWpJ (0.69), DUKpA (0.62) and DTW (0.61). 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 SCHWpD?
- Over the past year, the stocks most inversely correlated with Charles Schwab Corporation Depositary Shares each representing 1/40th interest in a share of 5.95% Non-Cumulative Perpetual Preferred Stock, Series D (SCHWpD) are EPV (-0.42), FLYD (-0.41) and SPXU (-0.41). 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 SCHWpD correlations calculated?
- We compute the correlation of daily returns between SCHWpD 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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