Tennessee Valley Authority Power Bonds 1999 Series A due May 1, 2029 (TVE) — Stock Correlations & Overview
Over the past year, TVE has moved most closely with TVC, AFB, XISE. Explore the stocks most correlated and inversely correlated with TVE below, along with its price, financials, and company profile.
Stocks correlated with TVE
Correlation of daily returns. Higher positive values move with TVE; negative values move opposite it. Informational only, not investment advice.
Most correlated with TVE
| Symbol | Company | Correlation |
|---|---|---|
| TVC | Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028ELECTRIC SERVICES | 0.36 |
| AFB | Alliance National Municipal Income Fund, Inc. | 0.28 |
| XISE | FT Vest U.S. Equity Buffer & Premium Income ETF - September | 0.28 |
| FMN | Federated Hermes Premier Municipal Income Fund | 0.28 |
| GBAB | Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 0.28 |
Frequently asked questions about TVE correlations
- Which stocks are most correlated with TVE?
- Based on one year of daily returns, the stocks most correlated with Tennessee Valley Authority Power Bonds 1999 Series A due May 1, 2029 (TVE) are TVC (0.36), AFB (0.28) and XISE (0.28). 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 TVE?
- Over the past year, the stocks most inversely correlated with Tennessee Valley Authority Power Bonds 1999 Series A due May 1, 2029 (TVE) are KR (-0.21), EPOW (-0.21) and PULS (-0.21). 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 TVE correlations calculated?
- We compute the correlation of daily returns between TVE 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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