The most frequently used letter in the first letter of stock symbol names

Just for fun.

I thought it is "S", but it is turned out to be "C", then "A", "S" is in the third place. Here is the full list after counting 15,000 stock symbol names.

Rank Freq Letter
1 1484 C
2 1296 A
3 1264 S
4 964 P
5 912 M
6 824 B
7 809 T
8 774 I
9 763 E
10 728 F
11 720 N
12 679 G
13 613 D
14 599 R
15 559 H
16 456 V
17 419 L
18 382 W
19 326 O
20 296 U
21 276 K
22 231 J
23 140 Q
24 138 X
25 97 Z
26 56 Y

Counting only billion dollar companies,
Rank Freq Letter
1 253 A
2 250 C
3 188 S
4 160 M
5 150 P
6 146 E
7 146 B
8 132 I
9 126 T
10 114 F
11 113 H
12 107 D
13 106 N
14 99 G
15 85 L
16 83 R
17 71 W
18 65 V
19 59 K
20 55 O
21 37 U
22 32 J
23 26 X
24 18 Q
25 12 Z
26 8 Y

Looks like billion dollar companies love better 'A' than 'C' even though 'C' has more companies than 'A' while penny stocks prefer 'S'.

For penny stocks, there is the ranking:
Rank Freq Letter
1 90 S
2 63 P
3 59 I
4 58 M
5 55 G
6 51 T
7 48 A
8 44 C
9 38 L
10 36 R
11 36 H
12 34 N
13 31 E
14 28 O
15 27 V
16 27 F
17 26 W
18 25 D
19 24 U
20 16 B
21 13 X
22 12 Z
23 11 K
24 11 J
25 7 Q
26 5 Y

 

"C" is the first letter for a lot of China companies. Right now there's a boatload of them making 52 week lows.