BW LPG Correlations
| BWLPG Stock | NOK 144.10 6.00 4.00% |
The current 90-days correlation between BW LPG and Avance Gas Holding is 0.82 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BW LPG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BW LPG moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
BW LPG Correlation With Market
Significant diversification
The correlation between BW LPG and DJI is 0.01 (i.e., Significant 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.
BWLPG |
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 together with BWLPG Stock
Moving against BWLPG Stock
Related Correlations Analysis
| 0.82 | 0.68 | 0.44 | 0.42 | AGAS | ||
| 0.82 | 0.53 | 0.39 | 0.76 | FRO | ||
| 0.68 | 0.53 | 0.31 | 0.26 | FLNG | ||
| 0.44 | 0.39 | 0.31 | 0.16 | GOGL | ||
| 0.42 | 0.76 | 0.26 | 0.16 | TRMD-A | ||
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Risk-Adjusted Indicators
There is a big difference between BWLPG Stock 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGAS | 1.68 | (0.11) | 0.00 | (0.32) | 0.00 | 3.39 | 9.24 | |||
| FRO | 1.68 | (0.22) | 0.00 | (1.09) | 0.00 | 3.78 | 11.56 | |||
| FLNG | 1.16 | (0.02) | (0.06) | 0.08 | 1.31 | 2.35 | 6.03 | |||
| GOGL | 1.55 | (0.05) | 0.00 | (0.13) | 0.00 | 3.35 | 11.02 | |||
| TRMD-A | 1.60 | (0.71) | 0.00 | (1.56) | 0.00 | 2.57 | 9.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BW LPG 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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BW LPG Corporate Management
Elected by the shareholders, the BW LPG's board of directors comprises two types of representatives: BW LPG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BWLPG. The board's role is to monitor BW LPG's management team and ensure that shareholders' interests are well served. BW LPG'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, BW LPG's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lisa Lim | Head Communications | Profile | |
| Susan Barit | Acting Sec | Profile | |
| Kristian Srensen | Head CEO | Profile | |
| Iver Baatvik | Head Relations | Profile | |
| Pontus Berg | Ex Operations | Profile |