Zions Bancorporation, N.A. Depositary Shares (Each Representing 1/40th Interest in a Share of Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock) (ZIONP) — Stock Correlations & Overview
Over the past year, ZIONP has moved most closely with ZION, RANI, KVUE. Explore the stocks most correlated and inversely correlated with ZIONP below, along with its price, financials, and company profile.
Stocks correlated with ZIONP
Correlation of daily returns. Higher positive values move with ZIONP; negative values move opposite it. Informational only, not investment advice.
Most correlated with ZIONP
| Symbol | Company | Correlation |
|---|---|---|
| ZION | Zions Bancorporation N.A.NATIONAL COMMERCIAL BANKS | 0.43 |
| RANI | Rani Therapeutics Holdings, Inc. Class A Common StockPHARMACEUTICAL PREPARATIONS | 0.38 |
| KVUE | Kenvue Inc.PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS | 0.37 |
| CUBI | CUSTOMERS BANCORP INCSTATE COMMERCIAL BANKS | 0.35 |
| EBC | Eastern Bankshares, Inc. Common StockSAVINGS INSTITUTION, FEDERALLY CHARTERED | 0.35 |
Most inversely correlated with ZIONP
| Symbol | Company | Correlation |
|---|---|---|
| CLPS | CLPS Incorporation Common Stock | -0.43 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.33 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.33 |
| PRAX | Praxis Precision Medicines, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.33 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.33 |
Frequently asked questions about ZIONP correlations
- Which stocks are most correlated with ZIONP?
- Based on one year of daily returns, the stocks most correlated with Zions Bancorporation, N.A. Depositary Shares (Each Representing 1/40th Interest in a Share of Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock) (ZIONP) are ZION (0.43), RANI (0.38) and KVUE (0.37). 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 ZIONP?
- Over the past year, the stocks most inversely correlated with Zions Bancorporation, N.A. Depositary Shares (Each Representing 1/40th Interest in a Share of Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock) (ZIONP) are CLPS (-0.43), UVXY (-0.33) and UVIX (-0.33). 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 ZIONP correlations calculated?
- We compute the correlation of daily returns between ZIONP 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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