Global Ship Correlations

GSL Stock

USD 23.33 0.27 1.14%

The current 90-days correlation between Global Ship Lease and Costamare is 0.74 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Ship moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Ship Lease moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Global Ship Correlation With Market

Modest diversification

The correlation between Global Ship Lease and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Ship Lease and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Ship Lease. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving against Global Stock

0.46	FTAIM	FTAI Aviation	Pair Corr
0.38	GATX	GATX Fiscal Year End 28th of January 2025	Pair Corr
0.35	HRI	Herc Holdings	Pair Corr
0.34	FPAY	FlexShopper	Pair Corr
0.45	AZ	A2Z Smart Technologies	Pair Corr
0.4	LZ	LegalZoom	Pair Corr
0.35	ALTG-PA	Alta Equipment Group	Pair Corr

Related Correlations Analysis

	CMRE	NMM	GNK	EGLE	SBLK	GOGL	DSX	DAC	CPLP	ESEA
CMRE		0.68	0.82	-0.41	0.71	0.82	0.37	0.82	-0.16	0.64	CMRE
NMM	0.68		0.54	-0.39	0.68	0.58	0.57	0.61	0.09	0.64	NMM
GNK	0.82	0.54		-0.7	0.9	0.97	0.56	0.56	-0.02	0.73	GNK
EGLE	-0.41	-0.39	-0.7		-0.72	-0.64	-0.48	-0.12	-0.02	-0.53	EGLE
SBLK	0.71	0.68	0.9	-0.72		0.91	0.76	0.44	0.21	0.85	SBLK
GOGL	0.82	0.58	0.97	-0.64	0.91		0.6	0.61	0.0	0.77	GOGL
DSX	0.37	0.57	0.56	-0.48	0.76	0.6		0.25	0.34	0.74	DSX
DAC	0.82	0.61	0.56	-0.12	0.44	0.61	0.25		-0.28	0.41	DAC
CPLP	-0.16	0.09	-0.02	-0.02	0.21	0.0	0.34	-0.28		0.12	CPLP
ESEA	0.64	0.64	0.73	-0.53	0.85	0.77	0.74	0.41	0.12		ESEA
	CMRE	NMM	GNK	EGLE	SBLK	GOGL	DSX	DAC	CPLP	ESEA

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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

GOGL	+ 0.97	GNK
GOGL	+ 0.91	SBLK
SBLK	+ 0.9	GNK
ESEA	+ 0.85	SBLK
GNK	+ 0.82	CMRE
GOGL	+ 0.82	CMRE

High negative correlations

SBLK	- 0.72	EGLE
EGLE	- 0.7	GNK
GOGL	- 0.64	EGLE
ESEA	- 0.53	EGLE
DSX	- 0.48	EGLE
EGLE	- 0.41	CMRE

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Ship 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 Global Ship'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
CMRE	1.62	0.02	0.00	0.11	2.22	(1.54)	3.19	(4.34)	9.49
NMM	1.68	(0.10)	0.00	(0.07)	0.00	0.00	4.85	(3.09)	12.91
GNK	1.39	(0.04)	(0.03)	0.04	1.59	(1.53)	2.54	(2.83)	7.25
EGLE	1.56	(0.13)	0.00	(0.22)	0.00	0.00	3.14	(3.92)	10.32
SBLK	1.54	(0.21)	0.00	(0.17)	0.00	0.00	3.44	(3.57)	8.46
GOGL	1.64	(0.06)	(0.03)	0.01	2.11	(1.67)	3.81	(3.32)	11.52
DSX	1.64	(0.19)	0.00	(3.35)	0.00	0.00	3.33	(3.35)	11.03
DAC	1.07	0.02	(0.03)	0.13	1.36	(1.19)	2.46	(2.43)	7.45
CPLP	1.52	0.10	(0.01)	(0.20)	2.13	(1.60)	3.59	(3.04)	14.99
ESEA	2.05	(0.16)	0.00	(0.45)	0.00	0.00	3.85	(4.63)	16.76

Global Ship Corporate Executives

Elected by the shareholders, the Global Ship's board of directors comprises two types of representatives: Global Ship inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Global. The board's role is to monitor Global Ship's management team and ensure that shareholders' interests are well served. Global Ship'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, Global Ship's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Thomas Lister	Chief Financial Officer, Chief Commercial Officer	Profile
	Anastasios Psaropoulos	Chief Financial Officer	Profile

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