Valley National Bancorp 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C (VLYPN) — Stock Correlations & Overview
Over the past year, VLYPN has moved most closely with ADAMH, VLYPP, TC. Explore the stocks most correlated and inversely correlated with VLYPN below, along with its price, financials, and company profile.
Stocks correlated with VLYPN
Correlation of daily returns. Higher positive values move with VLYPN; negative values move opposite it. Informational only, not investment advice.
Most correlated with VLYPN
| Symbol | Company | Correlation |
|---|---|---|
| ADAMH | Adamas Trust, Inc. 9.875% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.32 |
| VLYPP | Valley National Bancorp 6.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series ANATIONAL COMMERCIAL BANKS | 0.31 |
| TC | Token Cat Limited American Depositary Shares | 0.28 |
| BEPpA | Brookfield Renewable Partners L.P. 5.25% Class A Preferred Limited Partnership Units, Series 17 | 0.27 |
| CVU | CPI Aerostructures, Inc.AIRCRAFT PARTS & AUXILIARY EQUIPMENT, NEC | 0.25 |
Most inversely correlated with VLYPN
| Symbol | Company | Correlation |
|---|---|---|
| JEM | 707 Cayman Holdings Limited Ordinary Shares | -0.27 |
| CCSB | Carbon Collective Short Duration Green Bond ETF | -0.22 |
| ANPA | Rich Sparkle Holdings Limited Ordinary Shares | -0.20 |
| CRCD | T-REX 2X Inverse CRCL Daily Target ETF | -0.20 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.19 |
Frequently asked questions about VLYPN correlations
- Which stocks are most correlated with VLYPN?
- Based on one year of daily returns, the stocks most correlated with Valley National Bancorp 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C (VLYPN) are ADAMH (0.32), VLYPP (0.31) and TC (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 VLYPN?
- Over the past year, the stocks most inversely correlated with Valley National Bancorp 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C (VLYPN) are JEM (-0.27), CCSB (-0.22) and ANPA (-0.20). 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 VLYPN correlations calculated?
- We compute the correlation of daily returns between VLYPN 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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