U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series M Non- Cumulative Perpetual Preferred Stock (USBpR) — Stock Correlations & Overview
Over the past year, USBpR has moved most closely with USBpQ, USBpS, MSpL. Explore the stocks most correlated and inversely correlated with USBpR below, along with its price, financials, and company profile.
Stocks correlated with USBpR
Correlation of daily returns. Higher positive values move with USBpR; negative values move opposite it. Informational only, not investment advice.
Most correlated with USBpR
| Symbol | Company | Correlation |
|---|---|---|
| USBpQ | U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series L Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.88 |
| 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 | 0.84 |
| MSpL | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.875% Non-Cumulative Preferred Stock, Series LSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.79 |
| ALLpH | The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE | 0.78 |
| MSpO | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.250% Non-Cumulative Preferred Stock, Series OSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.77 |
Most inversely correlated with USBpR
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.49 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.48 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.48 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.47 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.46 |
Frequently asked questions about USBpR correlations
- Which stocks are most correlated with USBpR?
- Based on one year of daily returns, the stocks most correlated with U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series M Non- Cumulative Perpetual Preferred Stock (USBpR) are USBpQ (0.88), USBpS (0.84) and MSpL (0.79). 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 USBpR?
- Over the past year, the stocks most inversely correlated with U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series M Non- Cumulative Perpetual Preferred Stock (USBpR) are TMV (-0.49), TBT (-0.48) and TBF (-0.48). 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 USBpR correlations calculated?
- We compute the correlation of daily returns between USBpR 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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