Wells Fargo & Company Depositary Shares, each representing a 1/1,000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Z (WFCpZ) — Stock Correlations & Overview
Over the past year, WFCpZ has moved most closely with WFCpC, WFCpA, WFCpD. Explore the stocks most correlated and inversely correlated with WFCpZ below, along with its price, financials, and company profile.
Stocks correlated with WFCpZ
Correlation of daily returns. Higher positive values move with WFCpZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with WFCpZ
| 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 | 0.91 |
| 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 | 0.91 |
| WFCpD | Wells Fargo & Company Depositary Shares, each representing a 1/1, 000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series DDNATIONAL COMMERCIAL BANKS | 0.80 |
| METpF | MetLife, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 4.75% Non-Cumulative Preferred Stock, Series FLIFE INSURANCE | 0.76 |
| WFCpY | Wells Fargo & CompanyNATIONAL COMMERCIAL BANKS | 0.71 |
Frequently asked questions about WFCpZ correlations
- Which stocks are most correlated with WFCpZ?
- Based on one year of daily returns, the stocks most correlated with Wells Fargo & Company Depositary Shares, each representing a 1/1,000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Z (WFCpZ) are WFCpC (0.91), WFCpA (0.91) and WFCpD (0.80). 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 WFCpZ?
- Over the past year, the stocks most inversely correlated with Wells Fargo & Company Depositary Shares, each representing a 1/1,000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Z (WFCpZ) are RWM (-0.44), EPV (-0.44) and TWM (-0.44). 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 WFCpZ correlations calculated?
- We compute the correlation of daily returns between WFCpZ 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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