Marine Petroleum Correlations
| MARPS Stock | USD 4.06 0.06 1.50% |
The current 90-days correlation between Marine Petroleum Trust and Evolve Transition Infrastructure is -0.08 (i.e., Good diversification). The correlation of Marine Petroleum 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.
Marine Petroleum Correlation With Market
Average diversification
The correlation between Marine Petroleum Trust and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marine Petroleum Trust and DJI in the same portfolio, assuming nothing else is changed.
Marine |
Moving together with Marine Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Marine Stock performing well and Marine Petroleum 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 Marine Petroleum'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GLOP-PA | 0.49 | 0.05 | (0.08) | 28.67 | 0.77 | 1.20 | 5.52 | |||
| GLOP-PC | 0.31 | 0.02 | (0.10) | 0.58 | 0.67 | 0.47 | 8.42 | |||
| BROG | 5.63 | 0.65 | 0.07 | 7.78 | 6.62 | 14.94 | 35.24 | |||
| DLNG-PB | 0.52 | 0.04 | (0.12) | (0.30) | 0.66 | 0.91 | 3.96 | |||
| GLOP | 0.16 | 0.05 | (0.39) | 1.32 | 0.00 | 0.35 | 2.28 | |||
| DLNG-PA | 0.33 | 0.02 | (0.20) | 0.37 | 0.33 | 0.64 | 2.36 | |||
| MMLP | 0.80 | 0.08 | 0.01 | 0.34 | 1.10 | 1.40 | 10.47 |