DHT Holdings Correlations
| DHT Stock | USD 11.19 0.08 0.72% |
The current 90-days correlation between DHT Holdings and Teekay Tankers is 0.84 (i.e., Very poor diversification). The correlation of DHT Holdings 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.
DHT Holdings Correlation With Market
Good diversification
The correlation between DHT Holdings and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DHT Holdings and DJI in the same portfolio, assuming nothing else is changed.
DHT |
Moving together with DHT Stock
| 0.81 | AM | Antero Midstream Partners | PairCorr |
| 0.79 | TK | Teekay | PairCorr |
| 0.81 | FLNG | FLEX LNG | PairCorr |
| 0.67 | CQP | Cheniere Energy Partners Earnings Call This Week | PairCorr |
| 0.72 | ENB | Enbridge | PairCorr |
| 0.74 | FRO | Frontline | PairCorr |
| 0.8 | PAA | Plains All American | PairCorr |
| 0.74 | SMC | Summit Midstream Symbol Change | PairCorr |
| 0.67 | TNK | Teekay Tankers Earnings Call This Week | PairCorr |
| 0.78 | EP-PC | El Paso Energy | PairCorr |
| 0.76 | HESM | Hess Midstream Partners | PairCorr |
| 0.71 | INSW | International Seaways | PairCorr |
Moving against DHT Stock
| 0.45 | ENLC | EnLink Midstream LLC Earnings Call This Week | PairCorr |
| 0.42 | IMPPP | Imperial Petroleum | PairCorr |
| 0.31 | PBT | Permian Basin Royalty | PairCorr |
| 0.5 | MMLP | Martin Midstream Partners | PairCorr |
Related Correlations Analysis
| 0.82 | 0.91 | 0.76 | 0.0 | 0.86 | TNK | ||
| 0.82 | 0.93 | 0.56 | 0.0 | 0.79 | FRO | ||
| 0.91 | 0.93 | 0.65 | 0.0 | 0.87 | INSW | ||
| 0.76 | 0.56 | 0.65 | 0.0 | 0.89 | STNG | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | EURN | ||
| 0.86 | 0.79 | 0.87 | 0.89 | 0.0 | TRMD | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between DHT Stock performing well and DHT Holdings 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 DHT Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TNK | 1.80 | (0.15) | 0.00 | 0.28 | 0.00 | 4.44 | 13.49 | |||
| FRO | 2.81 | (0.02) | 0.00 | 0.05 | 0.00 | 7.52 | 17.89 | |||
| INSW | 1.97 | (0.10) | 0.00 | (1.97) | 0.00 | 5.03 | 14.68 | |||
| STNG | 1.87 | (0.29) | 0.00 | 0.48 | 0.00 | 3.52 | 19.16 | |||
| EURN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TRMD | 2.09 | (0.23) | 0.00 | 0.88 | 0.00 | 4.64 | 12.23 |