Synchrony Financial Depositary Shares Each Representing a 1/40th Interest in a Share of 8.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B (SYFpB) — Stock Correlations & Overview
Over the past year, SYFpB has moved most closely with SYFpA, TpA, SCHWpJ. Explore the stocks most correlated and inversely correlated with SYFpB below, along with its price, financials, and company profile.
Stocks correlated with SYFpB
Correlation of daily returns. Higher positive values move with SYFpB; negative values move opposite it. Informational only, not investment advice.
Most correlated with SYFpB
| Symbol | Company | Correlation |
|---|---|---|
| SYFpA | Synchrony Financial Depositary Shares, each Representing a 1/40th Interest in a Share of 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series AFINANCE SERVICES | 0.43 |
| TpA | AT&T Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% Perpetual Preferred Stock, Series ATELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) | 0.40 |
| 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 | 0.40 |
| TpC | AT&T Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 4.750% Perpetual Preferred Stock, Series CTELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) | 0.40 |
| KKRS | KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061INVESTMENT ADVICE | 0.39 |
Most inversely correlated with SYFpB
| Symbol | Company | Correlation |
|---|---|---|
| GGLS | Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF | -0.29 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.25 |
| AMZD | Direxion Shares ETF Trust Direxion Daily AMZN Bear 1X ETF | -0.23 |
| TBX | ProShares Short 7-10 Year Treasury | -0.23 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.23 |
Frequently asked questions about SYFpB correlations
- Which stocks are most correlated with SYFpB?
- Based on one year of daily returns, the stocks most correlated with Synchrony Financial Depositary Shares Each Representing a 1/40th Interest in a Share of 8.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B (SYFpB) are SYFpA (0.43), TpA (0.40) and SCHWpJ (0.40). 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 SYFpB?
- Over the past year, the stocks most inversely correlated with Synchrony Financial Depositary Shares Each Representing a 1/40th Interest in a Share of 8.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B (SYFpB) are GGLS (-0.29), PST (-0.25) and AMZD (-0.23). 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 SYFpB correlations calculated?
- We compute the correlation of daily returns between SYFpB 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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