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 G (STTpG) — Stock Correlations & Overview
Over the past year, STTpG has moved most closely with BACpN, BACpM, PSK. Explore the stocks most correlated and inversely correlated with STTpG below, along with its price, financials, and company profile.
Stocks correlated with STTpG
Correlation of daily returns. Higher positive values move with STTpG; negative values move opposite it. Informational only, not investment advice.
Most correlated with STTpG
| Symbol | Company | Correlation |
|---|---|---|
| BACpN | Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LLNATIONAL COMMERCIAL BANKS | 0.77 |
| 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 | 0.77 |
| PSK | State Street SPDR ICE Preferred Securities ETF | 0.71 |
| PGX | Invesco Preferred ETFINVESTMENT ADVICE | 0.71 |
| USBpQ | U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series L Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.69 |
Most inversely correlated with STTpG
| Symbol | Company | Correlation |
|---|---|---|
| EFZ | ProShares Trust Short MSCI EAFE | -0.51 |
| EPV | ProShares UltraShort FTSE Europe | -0.51 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.50 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.48 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.47 |
Frequently asked questions about STTpG correlations
- Which stocks are most correlated with STTpG?
- Based on one year of daily returns, the stocks most correlated with 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 G (STTpG) are BACpN (0.77), BACpM (0.77) and PSK (0.71). 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 STTpG?
- Over the past year, the stocks most inversely correlated with 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 G (STTpG) are EFZ (-0.51), EPV (-0.51) and CARD (-0.50). 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 STTpG correlations calculated?
- We compute the correlation of daily returns between STTpG 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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