Cool Correlations
| CLCO Stock | 8.48 0.33 3.75% |
The current 90-days correlation between Cool Company and Plexus Corp is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cool moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cool Company moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Cool Correlation With Market
Average diversification
The correlation between Cool Company 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 Cool Company and DJI in the same portfolio, assuming nothing else is changed.
Cool |
Moving together with Cool Stock
| 0.67 | DHT | DHT Holdings | PairCorr |
| 0.75 | FRO | Frontline Earnings Call This Week | PairCorr |
| 0.68 | GEL | Genesis Energy LP | PairCorr |
| 0.68 | LPG | Dorian LPG | PairCorr |
| 0.76 | TEN | Tsakos Energy Navigation Symbol Change | PairCorr |
| 0.78 | TNK | Teekay Tankers | PairCorr |
| 0.78 | INSW | International Seaways | PairCorr |
Moving against Cool Stock
| 0.62 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.61 | DTM | DT Midstream | PairCorr |
| 0.54 | VNOM | Viper Energy Ut | PairCorr |
| 0.54 | EPD | Enterprise Products | PairCorr |
| 0.54 | OKE | ONEOK Inc | PairCorr |
| 0.53 | KMI | Kinder Morgan Fiscal Year End 15th of January 2025 | PairCorr |
| 0.52 | EE | Excelerate Energy | PairCorr |
| 0.52 | LNG | Cheniere Energy | PairCorr |
| 0.51 | CQP | Cheniere Energy Partners | PairCorr |
| 0.48 | GLP | Global Partners LP | PairCorr |
| 0.46 | ENLC | EnLink Midstream LLC | PairCorr |
| 0.43 | IMPPP | Imperial Petroleum | PairCorr |
| 0.41 | DLNG | Dynagas LNG Partners Earnings Call This Week | PairCorr |
| 0.38 | ENB | Enbridge | PairCorr |
| 0.57 | GLP-PB | Global Partners LP | PairCorr |
| 0.56 | WMB | Williams Companies | PairCorr |
| 0.53 | ET-PI | Energy Transfer LP | PairCorr |
| 0.53 | KNTK | Kinetik Holdings | PairCorr |
| 0.51 | MPLX | MPLX LP | PairCorr |
| 0.5 | SEAL-PB | Seapeak LLC | PairCorr |
| 0.49 | DLNG-PB | Dynagas LNG Partners Earnings Call This Week | PairCorr |
| 0.46 | TRP | TC Energy Corp | PairCorr |
| 0.37 | SEAL-PA | Seapeak LLC | PairCorr |
| 0.35 | DLNG-PA | Dynagas LNG Partners Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.93 | 0.0 | 0.26 | -0.3 | 0.44 | -0.6 | PLXS | ||
| 0.93 | 0.0 | 0.09 | -0.39 | 0.29 | -0.65 | SUM | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CHMN | ||
| 0.26 | 0.09 | 0.0 | 0.5 | -0.01 | 0.3 | MSN | ||
| -0.3 | -0.39 | 0.0 | 0.5 | -0.31 | 0.81 | ADI | ||
| 0.44 | 0.29 | 0.0 | -0.01 | -0.31 | -0.28 | KVHI | ||
| -0.6 | -0.65 | 0.0 | 0.3 | 0.81 | -0.28 | ARW | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Cool Stock performing well and Cool 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 Cool'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PLXS | 1.40 | 0.19 | 0.18 | 0.22 | 1.18 | 3.38 | 12.92 | |||
| SUM | 1.71 | 0.23 | 0.14 | 0.26 | 1.74 | 4.18 | 9.88 | |||
| CHMN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MSN | 2.34 | (0.05) | 0.00 | (0.05) | 0.00 | 6.82 | 16.89 | |||
| ADI | 1.54 | (0.21) | 0.00 | (0.02) | 0.00 | 2.90 | 9.39 | |||
| KVHI | 1.72 | 0.19 | 0.07 | 0.48 | 1.64 | 4.42 | 10.42 | |||
| ARW | 1.26 | (0.32) | 0.00 | (0.08) | 0.00 | 2.56 | 15.96 |
Cool Corporate Management
| Johannes Boots | Chief Officer | Profile | |
| Christopher Bergsland | Chief Officer | Profile | |
| Stuart Buchanan | Head Relations | Profile | |
| Oistein Dahl | Chief Officer | Profile | |
| Sarah Choudhry | Secretary Counsel | Profile |