Performance Shipping Correlations

PSHG Stock

USD 2.19 0.06 2.82%

The current 90-days correlation between Performance Shipping and TOP Ships is 0.13 (i.e., Average diversification). The correlation of Performance Shipping 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.

Performance Shipping Correlation With Market

Modest diversification

The correlation between Performance Shipping and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Performance Shipping and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Performance Stock

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

For more detail on how to invest in Performance Stock please use our How to Invest in Performance Shipping guide.

Moving together with Performance Stock

0.88	SB	Safe Bulkers	Pair Corr
0.88	DAC	Danaos	Pair Corr
0.71	DSX	Diana Shipping	Pair Corr
0.8	GNK	Genco Shipping Trading	Pair Corr
0.86	KEX	Kirby	Pair Corr
0.86	ALC	Algoma Central	Pair Corr
0.84	ZIM	ZIM Integrated Shipping	Pair Corr
0.74	GLBS	Globus Maritime	Pair Corr
0.78	HSHP	Himalaya Shipping Symbol Change	Pair Corr
0.79	MATX	Matson Inc	Pair Corr
0.84	201872	China Merchants Port	Pair Corr
0.62	WTE	Westshore Terminals	Pair Corr
0.73	SBLK	Star Bulk Carriers	Pair Corr
0.87	SHIP	Seanergy Maritime	Pair Corr
0.9	CMRE	Costamare	Pair Corr
0.74	ERHE	ERHC Energy	Pair Corr
0.84	BYSD	Bayside Corp	Pair Corr
0.77	NRC	National Research Corp	Pair Corr
0.73	INVA	Innoviva	Pair Corr

Moving against Performance Stock

0.89	LSH	Lakeside Holding	Pair Corr
0.8	NCT	Intercont Limited	Pair Corr
0.65	OCEA	Ocean Biomedical	Pair Corr
0.57	CDLR	Cadeler AS	Pair Corr
0.57	CISS	C3is Inc	Pair Corr
0.49	CCEC	Capital Clean Energy	Pair Corr
0.43	FSTF	First State Financial	Pair Corr

Related Correlations Analysis

	TOPS	GLBS	NCT	VNTG	PXS	CTRM	EHLD	XTIA	BURU	SIDU
TOPS		-0.54	0.58	0.03	-0.29	-0.48	0.31	0.59	0.35	-0.79	TOPS
GLBS	-0.54		-0.84	-0.39	0.54	0.59	0.15	-0.49	-0.42	0.34	GLBS
NCT	0.58	-0.84		0.6	-0.37	-0.37	-0.14	0.58	0.55	-0.27	NCT
VNTG	0.03	-0.39	0.6		0.08	0.06	0.02	0.23	0.04	0.0	VNTG
PXS	-0.29	0.54	-0.37	0.08		0.58	0.3	-0.19	-0.18	0.02	PXS
CTRM	-0.48	0.59	-0.37	0.06	0.58		-0.02	-0.29	-0.09	0.38	CTRM
EHLD	0.31	0.15	-0.14	0.02	0.3	-0.02		-0.05	-0.35	-0.48	EHLD
XTIA	0.59	-0.49	0.58	0.23	-0.19	-0.29	-0.05		0.43	-0.35	XTIA
BURU	0.35	-0.42	0.55	0.04	-0.18	-0.09	-0.35	0.43		-0.01	BURU
SIDU	-0.79	0.34	-0.27	0.0	0.02	0.38	-0.48	-0.35	-0.01		SIDU
	TOPS	GLBS	NCT	VNTG	PXS	CTRM	EHLD	XTIA	BURU	SIDU

Please upgrade your account to get full access to Macroaxis premium features

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

VNTG	+ 0.6	NCT
XTIA	+ 0.59	TOPS
CTRM	+ 0.59	GLBS
NCT	+ 0.58	TOPS
XTIA	+ 0.58	NCT
CTRM	+ 0.58	PXS

High negative correlations

NCT	- 0.84	GLBS
SIDU	- 0.79	TOPS
GLBS	- 0.54	TOPS
XTIA	- 0.49	GLBS
SIDU	- 0.48	EHLD
CTRM	- 0.48	TOPS

Risk-Adjusted Indicators

There is a big difference between Performance Stock performing well and Performance Shipping 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 Performance Shipping'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
TOPS	1.59	(0.34)	0.00	(15.85)	0.00	0.00	2.89	(4.23)	12.72
GLBS	3.58	0.88	0.18	1.24	3.17	(5.12)	12.58	(7.01)	26.30
NCT	5.70	(2.68)	0.00	(1.17)	0.00	0.00	9.09	(16.67)	46.11
VNTG	4.70	(1.86)	0.00	(1.09)	0.00	0.00	6.93	(9.09)	83.84
PXS	1.48	(0.07)	0.00	(0.02)	0.00	0.00	2.76	(2.90)	12.39
CTRM	2.15	(0.02)	0.00	0.03	2.61	(2.68)	6.25	(4.98)	18.43
EHLD	1.15	(0.06)	0.00	0.23	0.00	0.00	3.00	(2.48)	9.31
XTIA	3.80	(0.28)	0.00	(0.08)	0.00	0.00	7.80	(7.55)	25.06
BURU	8.73	1.08	0.11	0.47	8.04	(14.94)	24.14	(14.71)	113.85
SIDU	9.68	2.44	0.32	0.50	7.16	(13.91)	33.33	(12.27)	125.36

Performance Shipping Corporate Management

Eleni Leontari	Financial Director	Profile
Andreas Michalopoulos	CEO, MD	Profile
Captain Gavalas	Operations Director	Profile
Andreas Mavrommatis	Chief Accountant	Profile
Argyris Chachalis	Technical Director	Profile
Aikaterini Oikonomea	Legal Counsel	Profile
Anthony Argyropoulos	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC