Telephone and Data Systems, Inc. Depositary Shares, Each Representing a 1/1,000th Interest in a 6.625% Series UU Cumulative Redeemable Perpetual Preferred Stock (TDSpU) — Stock Correlations & Overview
Over the past year, TDSpU has moved most closely with TDSpV, TpA, ALLpH. Explore the stocks most correlated and inversely correlated with TDSpU below, along with its price, financials, and company profile.
Stocks correlated with TDSpU
Correlation of daily returns. Higher positive values move with TDSpU; negative values move opposite it. Informational only, not investment advice.
Most correlated with TDSpU
| Symbol | Company | Correlation |
|---|---|---|
| TDSpV | Telephone and Data Systems, Inc. Depositary Shares, Each Representing a 1/1,000th Interest in a 6.000% Series VV Cumulative Redeemable Perpetual Preferred StockTELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) | 0.86 |
| 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) | 0.54 |
| ALLpH | The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE | 0.54 |
| PSApJ | Public Storage Depositary Shares Each Representing 1/1,000 of a 4.700% Cumulative Preferred Share of Beneficial Interest, Series JREAL ESTATE INVESTMENT TRUSTS | 0.54 |
| PSApO | Public Storage Depositary Shares Each Representing 1/1,000 of a 3.900% Cumulative Preferred Share of Beneficial Interest, Series OREAL ESTATE INVESTMENT TRUSTS | 0.52 |
Most inversely correlated with TDSpU
| Symbol | Company | Correlation |
|---|---|---|
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.29 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.25 |
| YAAS | Youxin Technology Ltd Class A Ordinary shares | -0.25 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.24 |
| SBB | ProShares Short SmallCap600 | -0.24 |
Frequently asked questions about TDSpU correlations
- Which stocks are most correlated with TDSpU?
- Based on one year of daily returns, the stocks most correlated with Telephone and Data Systems, Inc. Depositary Shares, Each Representing a 1/1,000th Interest in a 6.625% Series UU Cumulative Redeemable Perpetual Preferred Stock (TDSpU) are TDSpV (0.86), TpA (0.54) and ALLpH (0.54). 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 TDSpU?
- Over the past year, the stocks most inversely correlated with Telephone and Data Systems, Inc. Depositary Shares, Each Representing a 1/1,000th Interest in a 6.625% Series UU Cumulative Redeemable Perpetual Preferred Stock (TDSpU) are CARD (-0.29), SCC (-0.25) and YAAS (-0.25). 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 TDSpU correlations calculated?
- We compute the correlation of daily returns between TDSpU 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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