Texas Capital Bancshares, Inc. Depositary Shares 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock Series B (TCBIO) — Stock Correlations & Overview
Over the past year, TCBIO has moved most closely with RFpE, PSK, HPS. Explore the stocks most correlated and inversely correlated with TCBIO below, along with its price, financials, and company profile.
Stocks correlated with TCBIO
Correlation of daily returns. Higher positive values move with TCBIO; negative values move opposite it. Informational only, not investment advice.
Most correlated with TCBIO
| Symbol | Company | Correlation |
|---|---|---|
| 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 | 0.45 |
| PSK | State Street SPDR ICE Preferred Securities ETF | 0.45 |
| HPS | John Hancock Preferred Income Fund III | 0.44 |
| PQDI | Principal Spectrum Preferred and Income ETF | 0.44 |
| HPI | John Hancock Preferred Income Fund | 0.44 |
Frequently asked questions about TCBIO correlations
- Which stocks are most correlated with TCBIO?
- Based on one year of daily returns, the stocks most correlated with Texas Capital Bancshares, Inc. Depositary Shares 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock Series B (TCBIO) are RFpE (0.45), PSK (0.45) and HPS (0.44). 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 TCBIO?
- Over the past year, the stocks most inversely correlated with Texas Capital Bancshares, Inc. Depositary Shares 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock Series B (TCBIO) are SCC (-0.38), SPXS (-0.37) and SPXU (-0.36). 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 TCBIO correlations calculated?
- We compute the correlation of daily returns between TCBIO 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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