BW LPG Correlations

Summary

BWLLYDelisted Stock

USD 15.54 0.02 0.13%

The current 90-days correlation between BW LPG and Pacific Basin Shipping is -0.02 (i.e., Good diversification). The correlation of BW LPG 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. If the correlation is 0, the equities are not correlated; they are entirely random.

BW LPG Correlation With Market

Good diversification

The correlation between BW LPG and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BW LPG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BW LPG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BW LPG 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 BW LPG - 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 BW LPG to buy it.

Moving against BWLLY Pink Sheet

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0.42	DEC	Diversified Energy	Pair Corr
0.41	V	Visa Class A	Pair Corr
0.36	UMAC	Unusual Machines, Trending	Pair Corr
0.36	RCAT	Red Cat Holdings Trending	Pair Corr
0.51	MTDR	Matador Resources	Pair Corr
0.43	NFBK	Northfield Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.31	PANW	Palo Alto Networks	Pair Corr

Related Correlations Analysis

	KAIKY	PCFBY	HLAGF	HPGLY	HUPHY	MSLOY	OKENF	SB-PD	MPZZF	BWLLF
KAIKY		-0.04	0.16	0.25	0.31	-0.25	-0.34	0.06	0.36	0.22	KAIKY
PCFBY	-0.04		0.17	0.1	0.47	-0.16	-0.19	0.05	0.46	0.07	PCFBY
HLAGF	0.16	0.17		0.83	0.21	0.18	0.23	0.56	0.27	0.55	HLAGF
HPGLY	0.25	0.1	0.83		0.23	0.35	0.13	0.43	0.33	0.46	HPGLY
HUPHY	0.31	0.47	0.21	0.23		-0.19	0.05	0.45	0.75	0.44	HUPHY
MSLOY	-0.25	-0.16	0.18	0.35	-0.19		0.16	0.07	0.02	-0.1	MSLOY
OKENF	-0.34	-0.19	0.23	0.13	0.05	0.16		0.66	-0.2	0.59	OKENF
SB-PD	0.06	0.05	0.56	0.43	0.45	0.07	0.66		0.17	0.86	SB-PD
MPZZF	0.36	0.46	0.27	0.33	0.75	0.02	-0.2	0.17		0.13	MPZZF
BWLLF	0.22	0.07	0.55	0.46	0.44	-0.1	0.59	0.86	0.13		BWLLF
	KAIKY	PCFBY	HLAGF	HPGLY	HUPHY	MSLOY	OKENF	SB-PD	MPZZF	BWLLF

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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

BWLLF	+ 0.86	SB-PD
HPGLY	+ 0.83	HLAGF
MPZZF	+ 0.75	HUPHY
SB-PD	+ 0.66	OKENF
BWLLF	+ 0.59	OKENF
SB-PD	+ 0.56	HLAGF

High negative correlations

OKENF	- 0.34	KAIKY
MSLOY	- 0.25	KAIKY
MPZZF	- 0.2	OKENF
MSLOY	- 0.19	HUPHY
OKENF	- 0.19	PCFBY
MSLOY	- 0.16	PCFBY

Risk-Adjusted Indicators

There is a big difference between BWLLY Pink Sheet performing well and BW LPG 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 BW LPG'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
KAIKY	0.86	0.18	0.00	(0.09)	0.00	0.00	0.00	(2.52)	19.36
PCFBY	2.50	(0.05)	0.00	0.24	0.00	0.00	5.74	(7.25)	35.64
HLAGF	1.79	0.18	(0.01)	(0.11)	2.43	(4.63)	5.24	(5.34)	24.56
HPGLY	1.87	0.11	0.00	0.01	0.00	0.00	5.21	(4.66)	20.87
HUPHY	1.52	0.52	0.00	(8.40)	0.00	0.00	4.33	(0.89)	21.84
MSLOY	1.43	(0.04)	0.00	0.44	0.00	0.00	2.98	(2.82)	10.51
OKENF	0.86	0.19	0.00	(0.28)	0.00	0.00	2.60	0.00	15.03
SB-PD	0.35	0.02	(0.17)	0.68	0.45	(0.39)	0.81	(0.59)	2.89
MPZZF	2.63	(0.09)	0.00	0.84	0.00	0.00	4.98	(5.60)	13.93
BWLLF	2.37	0.75	0.22	2.60	2.49	(2.64)	5.35	(5.75)	24.96

View BW LPG Related Equities

Kawasaki Kisen Kaisha Pacific Basin Shipping Hapag Lloyd Aktiengesellschaft Hapag Lloyd Aktiengesellschaft Hutchison Port Holdings Mitsui OSK Lines Okeanis Eco Tankers Safe Bulkers MPC Container Ships BW LPG Limited Hafnia Limited Western Bulk Chartering AP Moeller Orient Overseas Limited AP Mller

Risk & Return

Correlation

BW LPG Corporate Management

Lisa Lim	Head Communications	Profile
Susan Barit	Acting Sec	Profile
Kristian Srensen	Head CEO	Profile
Iver Baatvik	Head Relations	Profile

Still Interested in BW LPG?

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