UMB Financial Corporation Depositary Shares Each Representing a 1/400th Interest in a Share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B (UMBFO) — Stock Correlations & Overview
Over the past year, UMBFO has moved most closely with MSBIP, USBpS, KEYpL. Explore the stocks most correlated and inversely correlated with UMBFO below, along with its price, financials, and company profile.
Stocks correlated with UMBFO
Correlation of daily returns. Higher positive values move with UMBFO; negative values move opposite it. Informational only, not investment advice.
Most correlated with UMBFO
| Symbol | Company | Correlation |
|---|---|---|
| MSBIP | Midland States Bancorp, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series ASTATE COMMERCIAL BANKS | 0.44 |
| USBpS | U.S. Bancorp Depositary Shares, each representing a 1/1, 000th interest in a share of Series O Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.40 |
| KEYpL | KeyCorp Depositary Shares each representing a 1/40th ownership interest in a share of Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series HNATIONAL COMMERCIAL BANKS | 0.40 |
| MSpP | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 6.500% Non-Cumulative Preferred Stock, Series PSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.39 |
| GPJA | Georgia Power Company Series 2017A 5.00 Percent Junior Subordinated Notes due October 1, 2077ELECTRIC SERVICES | 0.39 |
Most inversely correlated with UMBFO
| Symbol | Company | Correlation |
|---|---|---|
| CAOS | Alpha Architect Tail Risk ETF | -0.29 |
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.23 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.23 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.22 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.22 |
Frequently asked questions about UMBFO correlations
- Which stocks are most correlated with UMBFO?
- Based on one year of daily returns, the stocks most correlated with UMB Financial Corporation Depositary Shares Each Representing a 1/400th Interest in a Share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B (UMBFO) are MSBIP (0.44), USBpS (0.40) and KEYpL (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 UMBFO?
- Over the past year, the stocks most inversely correlated with UMB Financial Corporation Depositary Shares Each Representing a 1/400th Interest in a Share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B (UMBFO) are CAOS (-0.29), VIXY (-0.23) and UVXY (-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 UMBFO correlations calculated?
- We compute the correlation of daily returns between UMBFO 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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