Stifel Financial Corp. Depositary Shares, Each Representing 1/1,000th Interest in a Share of 6.25% Non-Cumulative Preferred Stock, Series B (SFpB) — Stock Correlations & Overview
Over the past year, SFpB has moved most closely with APOS, BACpM, RFpE. Explore the stocks most correlated and inversely correlated with SFpB below, along with its price, financials, and company profile.
Stocks correlated with SFpB
Correlation of daily returns. Higher positive values move with SFpB; negative values move opposite it. Informational only, not investment advice.
Most correlated with SFpB
| Symbol | Company | Correlation |
|---|---|---|
| APOS | Apollo Global Management, Inc. 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053INVESTMENT ADVICE | 0.48 |
| BACpM | Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KKNATIONAL COMMERCIAL BANKS | 0.47 |
| RFpE | Regions Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.45% Non-Cumulative Perpetual Preferred Stock, Series ENATIONAL COMMERCIAL BANKS | 0.47 |
| STTpG | State Street Corporation Depositary shares, each representing a 1/4,000th ownership interest in a share of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series GSTATE COMMERCIAL BANKS | 0.45 |
| PSK | State Street SPDR ICE Preferred Securities ETF | 0.45 |
Most inversely correlated with SFpB
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.29 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.29 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.29 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.28 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.28 |
Frequently asked questions about SFpB correlations
- Which stocks are most correlated with SFpB?
- Based on one year of daily returns, the stocks most correlated with Stifel Financial Corp. Depositary Shares, Each Representing 1/1,000th Interest in a Share of 6.25% Non-Cumulative Preferred Stock, Series B (SFpB) are APOS (0.48), BACpM (0.47) and RFpE (0.47). 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 SFpB?
- Over the past year, the stocks most inversely correlated with Stifel Financial Corp. Depositary Shares, Each Representing 1/1,000th Interest in a Share of 6.25% Non-Cumulative Preferred Stock, Series B (SFpB) are PST (-0.29), TYO (-0.29) and VXX (-0.29). 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 SFpB correlations calculated?
- We compute the correlation of daily returns between SFpB 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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