Valley National Bancorp 5.50% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (VLYPO) — Stock Correlations & Overview
Over the past year, VLYPO has moved most closely with VLYPP, NTRSO, ATHpE. Explore the stocks most correlated and inversely correlated with VLYPO below, along with its price, financials, and company profile.
Stocks correlated with VLYPO
Correlation of daily returns. Higher positive values move with VLYPO; negative values move opposite it. Informational only, not investment advice.
Most correlated with VLYPO
| Symbol | Company | Correlation |
|---|---|---|
| VLYPP | Valley National Bancorp 6.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series ANATIONAL COMMERCIAL BANKS | 0.33 |
| NTRSO | Northern Trust Corporation Depositary Shares Each Representing a 1/1,000th Interest in a Share of Series E Non-Cumulative Perpetual Preferred StockSTATE COMMERCIAL BANKS | 0.30 |
| ATHpE | Athene Holding Ltd. Depositary Shares, Each Representing a 1/1,000th Interest in a 7.750% Fixed-Rate Reset Perpetual Non-Cumulative Preference Share, Series ELIFE INSURANCE | 0.29 |
| ADAMH | Adamas Trust, Inc. 9.875% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.28 |
| FC | Franklin Covey CompanySERVICES-MANAGEMENT SERVICES | 0.27 |
Most inversely correlated with VLYPO
| Symbol | Company | Correlation |
|---|---|---|
| RWM | ProShares Short Russell2000 | -0.19 |
| KTN | Structured Products CorTS Aon Capital A, 8.205% Cert.ASSET-BACKED SECURITIES | -0.19 |
| SDD | ProShares UltraShort SmallCap600 | -0.19 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.19 |
| TWM | ProShares UltraShort Russell2000 | -0.18 |
Frequently asked questions about VLYPO correlations
- Which stocks are most correlated with VLYPO?
- Based on one year of daily returns, the stocks most correlated with Valley National Bancorp 5.50% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (VLYPO) are VLYPP (0.33), NTRSO (0.30) and ATHpE (0.29). 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 VLYPO?
- Over the past year, the stocks most inversely correlated with Valley National Bancorp 5.50% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (VLYPO) are RWM (-0.19), KTN (-0.19) and SDD (-0.19). 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 VLYPO correlations calculated?
- We compute the correlation of daily returns between VLYPO 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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