CBL International Correlations

BANL Stock

1.01 0.02 2.02%

The current 90-days correlation between CBL International and BP Prudhoe Bay is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CBL International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CBL International Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CBL International Correlation With Market

Average diversification

The correlation between CBL International Limited and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CBL International Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CBL International Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with CBL Stock

0.62	EE	Excelerate Energy	Pair Corr
0.81	VNOM	Viper Energy Ut	Pair Corr
0.64	DTM	DT Midstream	Pair Corr
0.68	KMI	Kinder Morgan Fiscal Year End 15th of January 2025	Pair Corr
0.7	TRP	TC Energy Corp	Pair Corr
0.69	WMB	Williams Companies	Pair Corr

Moving against CBL Stock

0.44	LPG	Dorian LPG	Pair Corr
0.4	BROGW	Brooge Energy Limited	Pair Corr
0.38	BPT	BP Prudhoe Bay	Pair Corr
0.36	NAT	Nordic American Tankers Earnings Call This Week	Pair Corr
0.35	GEL	Genesis Energy LP	Pair Corr
0.34	NGL	NGL Energy Partners	Pair Corr
0.33	FLNG	FLEX LNG Earnings Call This Week	Pair Corr
0.31	FRO	Frontline Earnings Call This Week	Pair Corr
0.55	IMPP	Imperial Petroleum	Pair Corr
0.48	PXS	Pyxis Tankers	Pair Corr
0.42	TEN	Tsakos Energy Navigation Symbol Change	Pair Corr
0.39	INSW	International Seaways	Pair Corr
0.38	TNK	Teekay Tankers	Pair Corr

Related Correlations Analysis

	WES	DTM	MPLX	BPT	FLNG	HESM	ENLC	PAA	GEL
WES		-0.06	0.1	-0.04	0.5	0.43	0.09	0.49	0.38	WES
DTM	-0.06		0.9	-0.63	-0.37	-0.04	0.86	0.03	-0.73	DTM
MPLX	0.1	0.9		-0.58	-0.14	0.11	0.87	0.31	-0.66	MPLX
BPT	-0.04	-0.63	-0.58		0.42	0.57	-0.69	0.32	0.43	BPT
FLNG	0.5	-0.37	-0.14	0.42		0.65	-0.39	0.57	0.6	FLNG
HESM	0.43	-0.04	0.11	0.57	0.65		-0.15	0.75	0.29	HESM
ENLC	0.09	0.86	0.87	-0.69	-0.39	-0.15		0.06	-0.68	ENLC
PAA	0.49	0.03	0.31	0.32	0.57	0.75	0.06		0.16	PAA
GEL	0.38	-0.73	-0.66	0.43	0.6	0.29	-0.68	0.16		GEL
	WES	DTM	MPLX	BPT	FLNG	HESM	ENLC	PAA	GEL

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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

MPLX	+ 0.9	DTM
ENLC	+ 0.87	MPLX
ENLC	+ 0.86	DTM
PAA	+ 0.75	HESM
HESM	+ 0.65	FLNG
GEL	+ 0.6	FLNG

High negative correlations

GEL	- 0.73	DTM
ENLC	- 0.69	BPT
GEL	- 0.68	ENLC
GEL	- 0.66	MPLX
BPT	- 0.63	DTM
BPT	- 0.58	MPLX

Risk-Adjusted Indicators

There is a big difference between CBL Stock performing well and CBL International 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 CBL International'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
WES	1.08	0.02	(0.04)	0.20	1.38	(1.09)	2.07	(2.16)	5.82
DTM	1.05	0.46	0.48	0.70	0.00	(1.33)	2.63	(1.32)	5.82
MPLX	0.69	0.21	0.22	0.57	0.06	(0.82)	2.22	(0.83)	3.20
BPT	3.51	(0.66)	0.00	(0.63)	0.00	0.00	6.67	(8.03)	28.87
FLNG	1.28	(0.06)	(0.06)	0.04	1.61	(1.32)	2.79	(2.30)	7.82
HESM	0.90	(0.02)	(0.07)	0.07	1.13	(0.98)	2.08	(2.13)	5.41
ENLC	0.84	0.23	0.20	0.63	0.49	(1.07)	1.56	(1.26)	11.30
PAA	0.98	(0.04)	(0.05)	0.07	1.30	(1.01)	1.95	(2.14)	6.78
GEL	1.44	(0.24)	0.00	(0.13)	0.00	0.00	3.25	(2.58)	14.40

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