SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) — Stock Correlations & Overview
Over the past year, SLMBP has moved most closely with BIPpA, EQHpA, REGCP. Explore the stocks most correlated and inversely correlated with SLMBP below, along with its price, financials, and company profile.
Stocks correlated with SLMBP
Correlation of daily returns. Higher positive values move with SLMBP; negative values move opposite it. Informational only, not investment advice.
Most correlated with SLMBP
| Symbol | Company | Correlation |
|---|---|---|
| BIPpA | Brookfield Infrastructure Partners L.P. 5.125% Class A Preferred Limited Partnership Units, Series 13 | 0.30 |
| EQHpA | Equitable Holdings, Inc. Depositary Shares, each representing a 1/1000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series AINSURANCE AGENTS, BROKERS & SERVICE | 0.27 |
| REGCP | Regency Centers Corporation 6.25% Series A Cumulative Redeemable Preferred StockREAL ESTATE | 0.26 |
| SCWO | 374Water Inc. Common StockMOTORS & GENERATORS | 0.26 |
| SFpB | Stifel Financial Corp. Depositary Shares, Each Representing 1/1,000th Interest in a Share of 6.25% Non-Cumulative Preferred Stock, Series BSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.25 |
Most inversely correlated with SLMBP
| Symbol | Company | Correlation |
|---|---|---|
| UNG | United States Natural Gas Fund, LP UnitCOMMODITY CONTRACTS BROKERS & DEALERS | -0.22 |
| SLGL | Sol-Gel Technologies Ltd. Ordinary Shares | -0.21 |
| BOIL | ProShares Ultra Bloomberg Natural GasCOMMODITY CONTRACTS BROKERS & DEALERS | -0.20 |
| UNL | United States 12 Month Natural Gas Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.20 |
| AXGN | Axogen, Inc. Common StockELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS | -0.19 |
Frequently asked questions about SLMBP correlations
- Which stocks are most correlated with SLMBP?
- Based on one year of daily returns, the stocks most correlated with SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) are BIPpA (0.30), EQHpA (0.27) and REGCP (0.26). 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 SLMBP?
- Over the past year, the stocks most inversely correlated with SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) are UNG (-0.22), SLGL (-0.21) and BOIL (-0.20). 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 SLMBP correlations calculated?
- We compute the correlation of daily returns between SLMBP 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.