Pangaea Logistic Correlations

PANL Stock

USD 5.36 0.02 0.37%

The current 90-days correlation between Pangaea Logistic and CPLP Old is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pangaea Logistic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pangaea Logistic moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pangaea Logistic Correlation With Market

Average diversification

The correlation between Pangaea Logistic 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 Pangaea Logistic and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pangaea Logistic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Pangaea Stock please use our How to buy in Pangaea Stock guide.

Moving together with Pangaea Stock

0.83	OP	Oceanpal	Pair Corr
0.79	SB	Safe Bulkers	Pair Corr
0.81	EDRY	EuroDry	Pair Corr
0.77	PXSAW	Pyxis Tankers	Pair Corr
0.76	ESEA	Euroseas	Pair Corr
0.84	DSX	Diana Shipping	Pair Corr
0.7	ECO	Okeanis Eco Tankers	Pair Corr
0.76	GNK	Genco Shipping Trading	Pair Corr
0.81	GSL	Global Ship Lease	Pair Corr
0.7	KEX	Kirby	Pair Corr
0.86	NAT	Nordic American Tankers	Pair Corr
0.81	NMM	Navios Maritime Partners	Pair Corr
0.82	PXS	Pyxis Tankers	Pair Corr
0.7	GASS	StealthGas	Pair Corr
0.81	GLBS	Globus Maritime	Pair Corr
0.85	GOGL	Golden Ocean Group	Pair Corr
0.86	HSHP	Himalaya Shipping	Pair Corr
0.67	KNOP	KNOT Offshore Partners	Pair Corr
0.75	PSHG	Performance Shipping	Pair Corr
0.87	SBLK	Star Bulk Carriers	Pair Corr
0.9	SHIP	Seanergy Maritime	Pair Corr

Moving against Pangaea Stock

0.6	HTCO	Caravelle International Symbol Change	Pair Corr
0.82	BA	Boeing	Pair Corr
0.74	BE	Bloom Energy Corp	Pair Corr
0.73	AZ	A2Z Smart Technologies Tech Boost	Pair Corr
0.71	B	Barnes Group	Pair Corr
0.61	DIST	Distoken Acquisition	Pair Corr
0.47	GSL-PB	Global Ship Lease	Pair Corr
0.43	AP	Ampco Pittsburgh	Pair Corr
0.35	AL	Air Lease	Pair Corr

Related Correlations Analysis

	EDRY	CMRE	CPLP	GSL	DAC	ESEA	HSHP	KEX	NMM	MATX
EDRY		0.7	0.27	0.79	0.54	0.85	0.83	0.71	0.94	0.34	EDRY
CMRE	0.7		0.44	0.81	0.86	0.92	0.91	0.79	0.83	0.72	CMRE
CPLP	0.27	0.44		0.3	0.25	0.45	0.36	0.32	0.38	0.23	CPLP
GSL	0.79	0.81	0.3		0.71	0.82	0.78	0.51	0.86	0.47	GSL
DAC	0.54	0.86	0.25	0.71		0.8	0.75	0.65	0.7	0.56	DAC
ESEA	0.85	0.92	0.45	0.82	0.8		0.91	0.79	0.94	0.57	ESEA
HSHP	0.83	0.91	0.36	0.78	0.75	0.91		0.87	0.89	0.69	HSHP
KEX	0.71	0.79	0.32	0.51	0.65	0.79	0.87		0.72	0.71	KEX
NMM	0.94	0.83	0.38	0.86	0.7	0.94	0.89	0.72		0.41	NMM
MATX	0.34	0.72	0.23	0.47	0.56	0.57	0.69	0.71	0.41		MATX
	EDRY	CMRE	CPLP	GSL	DAC	ESEA	HSHP	KEX	NMM	MATX

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Risk-Adjusted Indicators

There is a big difference between Pangaea Stock performing well and Pangaea Logistic 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 Pangaea Logistic'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
EDRY	2.03	(0.71)	0.00	8.90	0.00	0.00	4.40	(5.23)	12.00
CMRE	1.37	(0.20)	0.00	(0.77)	0.00	0.00	2.24	(3.22)	10.28
CPLP	1.52	0.07	0.00	5.40	2.13	(1.60)	3.59	(3.04)	14.99
GSL	1.16	(0.14)	0.00	(0.84)	0.00	0.00	2.75	(2.42)	7.98
DAC	1.13	(0.07)	0.00	(0.11)	0.00	0.00	2.46	(2.53)	8.98
ESEA	1.70	(0.41)	0.00	(1.39)	0.00	0.00	3.41	(3.67)	10.77
HSHP	2.13	(0.54)	0.00	(0.92)	0.00	0.00	4.44	(3.87)	15.33
KEX	1.28	(0.25)	0.00	(0.28)	0.00	0.00	2.41	(2.75)	13.14
NMM	1.64	(0.48)	0.00	(8.71)	0.00	0.00	2.93	(3.55)	12.25
MATX	1.54	0.07	0.03	0.17	1.66	(1.77)	2.30	(2.60)	19.98

Pangaea Logistic Corporate Executives

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

Gianni Signore

CFO Secretary

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