Which stocks are most correlated with WFCpY?

Based on one year of daily returns, the stocks most correlated with Wells Fargo & Company (WFCpY) are WFCpC (0.74), WFCpA (0.72) and WFCpZ (0.71). 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 WFCpY?

Over the past year, the stocks most inversely correlated with Wells Fargo & Company (WFCpY) are RWM (-0.50), SRTY (-0.50) and TWM (-0.50). A negative correlation means the two stocks have tended to move in opposite directions.

Wells Fargo & Company (WFCpY) — Stock Correlations & Overview

Over the past year, WFCpY has moved most closely with WFCpC, WFCpA, WFCpZ. Explore the stocks most correlated and inversely correlated with WFCpY below, along with its price, financials, and company profile.

Stocks correlated with WFCpY

Correlation of daily returns. Higher positive values move with WFCpY; negative values move opposite it. Informational only, not investment advice.

Most correlated with WFCpY

Symbol	Company	Correlation
WFCpC	Wells Fargo & Company Depositary Shares, each representing a 1/1, 000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series CCNATIONAL COMMERCIAL BANKS	0.74
WFCpA	Wells Fargo & Company Depositary Shares, each representing a 1/1, 000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series AANATIONAL COMMERCIAL BANKS	0.72
WFCpZ	Wells Fargo & Company Depositary Shares, each representing a 1/1,000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series ZNATIONAL COMMERCIAL BANKS	0.71
METpE	MetLife, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.625% Non-Cumulative Preferred Stock, Series ELIFE INSURANCE	0.67
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	0.66

Most inversely correlated with WFCpY

Symbol	Company	Correlation
RWM	ProShares Short Russell2000	-0.50
SRTY	ProShares UltraPro Short Russell2000	-0.50
TWM	ProShares UltraShort Russell2000	-0.50
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.49
SPXU	ProShares UltraPro Short S&P 500	-0.49

Frequently asked questions about WFCpY correlations

Which stocks are most correlated with WFCpY?: Based on one year of daily returns, the stocks most correlated with Wells Fargo & Company (WFCpY) are WFCpC (0.74), WFCpA (0.72) and WFCpZ (0.71). 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 WFCpY?: Over the past year, the stocks most inversely correlated with Wells Fargo & Company (WFCpY) are RWM (-0.50), SRTY (-0.50) and TWM (-0.50). 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 WFCpY correlations calculated?: We compute the correlation of daily returns between WFCpY 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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