Global Ship Correlations
| 37H Stock | EUR 21.64 0.16 0.74% |
The current 90-days correlation between Global Ship Lease and Yuexiu Transport Infrastructure is 0.22 (i.e., Modest diversification). The correlation of Global Ship is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Global Ship Correlation With Market
Average diversification
The correlation between Global Ship Lease and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Ship Lease and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Global Ship could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Ship when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Ship - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Ship Lease to buy it.
Moving together with Global Stock
Moving against Global Stock
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| 0.57 | CEK | CEOTRONICS Dusseldorf | PairCorr |
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| 0.47 | SDP | Summit Hotel Properties | PairCorr |
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| 0.39 | KEL | Kellogg Company | PairCorr |
| 0.38 | IFX | Infineon Technologies | PairCorr |
| 0.64 | BOV | Apyx Medical Corp | PairCorr |
| 0.63 | APC | Apple Inc | PairCorr |
Related Correlations Analysis
| 0.51 | -0.41 | -0.58 | -0.42 | 0.02 | GZ3 | ||
| 0.51 | -0.48 | -0.3 | -0.29 | 0.05 | 07M | ||
| -0.41 | -0.48 | 0.72 | 0.19 | -0.13 | Z1L | ||
| -0.58 | -0.3 | 0.72 | 0.4 | -0.03 | FVJ | ||
| -0.42 | -0.29 | 0.19 | 0.4 | -0.07 | AZU | ||
| 0.02 | 0.05 | -0.13 | -0.03 | -0.07 | 69L | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Global Stock performing well and Global Ship Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Global Ship's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GZ3 | 2.55 | 0.66 | 0.17 | 0.29 | 2.10 | 6.06 | 39.76 | |||
| 07M | 2.08 | 0.08 | 0.02 | 6.15 | 2.85 | 5.41 | 19.09 | |||
| Z1L | 1.33 | 0.03 | 0.02 | (0.12) | 1.74 | 2.53 | 9.34 | |||
| FVJ | 1.61 | (0.02) | 0.00 | (0.32) | 0.00 | 3.96 | 10.93 | |||
| AZU | 0.58 | (0.01) | 0.00 | 0.26 | 0.00 | 1.13 | 3.54 | |||
| 69L | 1.09 | 0.03 | 0.02 | (0.07) | 1.22 | 2.88 | 8.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Global Ship without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Global Ship Corporate Management
Elected by the shareholders, the Global Ship's board of directors comprises two types of representatives: Global Ship inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Global. The board's role is to monitor Global Ship's management team and ensure that shareholders' interests are well served. Global Ship's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Global Ship's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Gross | Independent Director | Profile | |
| Alain Pitner | Independent Director | Profile | |
| George Giannopoulos | Head Audit | Profile | |
| Maria Danezi | Company Sec | Profile | |
| Thomas Lister | Chief Commercial Officer | Profile | |
| Georgios Youroukos | Ex Chairman | Profile |