Valley National Bancorp 6.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (VLYPP) — Stock Correlations & Overview
Over the past year, VLYPP has moved most closely with OXLCI, AQNB, ADAMI. Explore the stocks most correlated and inversely correlated with VLYPP below, along with its price, financials, and company profile.
Stocks correlated with VLYPP
Correlation of daily returns. Higher positive values move with VLYPP; negative values move opposite it. Informational only, not investment advice.
Most correlated with VLYPP
| Symbol | Company | Correlation |
|---|---|---|
| OXLCI | Oxford Lane Capital Corp. 8.75% Notes due 2030 | 0.43 |
| AQNB | Algonquin Power & Utilities Corp. 6.20% Fixed-to-Floating Subordinated Notes Series 2019-A due July 1, 2079 | 0.43 |
| ADAMI | Adamas Trust, Inc. 9.125% Senior Notes Due 2029REAL ESTATE INVESTMENT TRUSTS | 0.42 |
| ADAMG | Adamas Trust, Inc. 9.125% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.42 |
| ADAMH | Adamas Trust, Inc. 9.875% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.36 |
Most inversely correlated with VLYPP
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.23 |
| RADX | Radiopharm Theranostics Limited American Depositary Shares | -0.23 |
| RDGT | Ridgetech, Inc. Ordinary Shares | -0.22 |
| SDD | ProShares UltraShort SmallCap600 | -0.21 |
| RWM | ProShares Short Russell2000 | -0.20 |
Frequently asked questions about VLYPP correlations
- Which stocks are most correlated with VLYPP?
- Based on one year of daily returns, the stocks most correlated with Valley National Bancorp 6.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (VLYPP) are OXLCI (0.43), AQNB (0.43) and ADAMI (0.42). 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 VLYPP?
- Over the past year, the stocks most inversely correlated with Valley National Bancorp 6.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (VLYPP) are SKRE (-0.23), RADX (-0.23) and RDGT (-0.22). 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 VLYPP correlations calculated?
- We compute the correlation of daily returns between VLYPP 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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