Which stocks are most correlated with SLGpI?

Based on one year of daily returns, the stocks most correlated with SL GREEN REALTY CORP 6.50% Series I Cumulative Redeemable Preferred Stock (SLGpI) are MSpF (0.48), DTB (0.48) and MSpL (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 SLGpI?

Over the past year, the stocks most inversely correlated with SL GREEN REALTY CORP 6.50% Series I Cumulative Redeemable Preferred Stock (SLGpI) are SLTY (-0.25), CARD (-0.23) and JETD (-0.21). A negative correlation means the two stocks have tended to move in opposite directions.

SL GREEN REALTY CORP 6.50% Series I Cumulative Redeemable Preferred Stock (SLGpI) — Stock Correlations & Overview

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

Stocks correlated with SLGpI

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

Most correlated with SLGpI

Symbol	Company	Correlation
MSpF	MORGAN STANLEY SERIES FSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.48
DTB	DTE Energy Company 2020 Series G 4.375% Junior Subordinated Debentures due 2080ELECTRIC SERVICES	0.48
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	0.47
MSpK	Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series KSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.47
EFCpB	Ellington Financial Inc. 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred StockREAL ESTATE	0.46

Most inversely correlated with SLGpI

Symbol	Company	Correlation
SLTY	YieldMax Ultra Short Option Income Strategy ETF	-0.25
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.23
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.21
SCC	ProShares UltraShort Consumer Discretionary	-0.20
RWM	ProShares Short Russell2000	-0.20

Frequently asked questions about SLGpI correlations

Which stocks are most correlated with SLGpI?: Based on one year of daily returns, the stocks most correlated with SL GREEN REALTY CORP 6.50% Series I Cumulative Redeemable Preferred Stock (SLGpI) are MSpF (0.48), DTB (0.48) and MSpL (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 SLGpI?: Over the past year, the stocks most inversely correlated with SL GREEN REALTY CORP 6.50% Series I Cumulative Redeemable Preferred Stock (SLGpI) are SLTY (-0.25), CARD (-0.23) and JETD (-0.21). 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 SLGpI correlations calculated?: We compute the correlation of daily returns between SLGpI 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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