GasLog Partners Correlations

Preferred Stocks . USA . 
Preferred Stock . GasLog Partners LP
GLOP-PA Preferred Stock  USD 25.90  0.08  0.31%   
The current 90-days correlation between GasLog Partners LP and GasLog Partners LP is 0.06 (i.e., Significant diversification). The correlation of GasLog Partners 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.

GasLog Partners Correlation With Market

Significant diversification

The correlation between GasLog Partners LP 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 GasLog Partners LP and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to GasLog Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GasLog Partners 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 GasLog Partners - 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 GasLog Partners LP to buy it.

Moving together with GasLog Preferred Stock

  0.66AM Antero Midstream PartnersPairCorr
  0.61EE Excelerate EnergyPairCorr
  0.66ENLC EnLink Midstream LLCPairCorr
  0.71IMPPP Imperial PetroleumPairCorr
  0.62ENB EnbridgePairCorr
  0.66GLP Global Partners LPPairCorr
  0.76PBA Pembina Pipeline CorpPairCorr
  0.61PBT Permian Basin RoyaltyPairCorr
  0.85GLOP-PB GasLog Partners LPPairCorr
  0.74GLOP-PC GasLog Partners LPPairCorr
  0.82EP-PC El Paso EnergyPairCorr

Moving against GasLog Preferred Stock

  0.8BPT BP Prudhoe BayPairCorr
  0.41BROGW Brooge Energy LimitedPairCorr
  0.36PXSAW Pyxis TankersPairCorr
  0.51LPG Dorian LPGPairCorr
  0.35PXS Pyxis TankersPairCorr
  0.32SMC Summit Midstream Symbol ChangePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between GasLog Preferred Stock performing well and GasLog Partners 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 GasLog Partners' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in GasLog Partners 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.

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GasLog Partners Corporate Management

Joseph NelsonHead RelationsProfile
Achilleas TasioulasChief OfficerProfile
Konstantinos KarathanosChief OfficerProfile
Paolo EnoiziCEO DirectorProfile
Alexandros LaiosG CounselProfile
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