Unum Group 6.250% Junior Subordinated Notes due 2058 (UNMA) — Stock Correlations & Overview
Over the past year, UNMA has moved most closely with PSK, SOJC, RNRpF. Explore the stocks most correlated and inversely correlated with UNMA below, along with its price, financials, and company profile.
Stocks correlated with UNMA
Correlation of daily returns. Higher positive values move with UNMA; negative values move opposite it. Informational only, not investment advice.
Most correlated with UNMA
| Symbol | Company | Correlation |
|---|---|---|
| PSK | State Street SPDR ICE Preferred Securities ETF | 0.56 |
| SOJC | The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES | 0.54 |
| RNRpF | RenaissanceRe Holdings Ltd. Depositary Shares, each Representing a 1/1,000th Interest in a 5.750% Series F Preference ShareFIRE, MARINE & CASUALTY INSURANCE | 0.54 |
| STTpG | State Street Corporation Depositary shares, each representing a 1/4,000th ownership interest in a share of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series GSTATE COMMERCIAL BANKS | 0.54 |
| BACpN | Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LLNATIONAL COMMERCIAL BANKS | 0.54 |
Most inversely correlated with UNMA
| Symbol | Company | Correlation |
|---|---|---|
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.34 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.34 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.33 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.33 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.32 |
Frequently asked questions about UNMA correlations
- Which stocks are most correlated with UNMA?
- Based on one year of daily returns, the stocks most correlated with Unum Group 6.250% Junior Subordinated Notes due 2058 (UNMA) are PSK (0.56), SOJC (0.54) and RNRpF (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 UNMA?
- Over the past year, the stocks most inversely correlated with Unum Group 6.250% Junior Subordinated Notes due 2058 (UNMA) are CARD (-0.34), QQQD (-0.34) and QQDN (-0.33). 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 UNMA correlations calculated?
- We compute the correlation of daily returns between UNMA 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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