Robin Energy Correlations

RBNE Stock

3.05 0.17 5.28%

The current 90-days correlation between Robin Energy and STAK Ordinary Shares is 0.03 (i.e., Significant diversification). The correlation of Robin Energy 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.

Robin Energy Correlation With Market

Average diversification

The correlation between Robin Energy and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Robin Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Robin Stock

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

For information on how to trade Robin Stock refer to our How to Trade Robin Stock guide.

Moving together with Robin Stock

0.86	601022	Ningbo Ocean Shipping	Pair Corr
0.9	LSH	Lakeside Holding	Pair Corr
0.84	NCT	Intercont Limited	Pair Corr
0.77	001872	China Merchants Port	Pair Corr
0.8	600798	Ningbo Marine	Pair Corr
0.94	ICON	Icon Energy Corp	Pair Corr
0.86	601880	Liaoning Port	Pair Corr

Moving against Robin Stock

0.9	ZIM	ZIM Integrated Shipping	Pair Corr
0.87	KEX	Kirby	Pair Corr
0.86	ALC	Algoma Central	Pair Corr
0.84	GSL	Global Ship Lease	Pair Corr
0.83	ECO	Okeanis Eco Tankers	Pair Corr
0.82	DAC	Danaos	Pair Corr
0.81	EDRY	EuroDry	Pair Corr
0.78	SB	Safe Bulkers	Pair Corr
0.78	002930	Guangdong Great River	Pair Corr
0.78	HTCO	Caravelle International	Pair Corr
0.74	603209	Xingtong Shipping	Pair Corr
0.71	HSHP	Himalaya Shipping Symbol Change	Pair Corr
0.69	GNK	Genco Shipping Trading	Pair Corr
0.67	GLBS	Globus Maritime	Pair Corr
0.64	FLNG	FLEX LNG	Pair Corr
0.58	000520	Chang Jiang Shipping	Pair Corr
0.44	DSX	Diana Shipping	Pair Corr
0.41	600179	Antong Holdings	Pair Corr
0.31	PXS	Pyxis Tankers	Pair Corr
0.92	PANL	Pangaea Logistic	Pair Corr
0.92	CMRE	Costamare	Pair Corr
0.84	PSHG	Performance Shipping	Pair Corr
0.84	SHIP	Seanergy Maritime	Pair Corr
0.8	201872	China Merchants Port	Pair Corr
0.77	MATX	Matson Inc	Pair Corr
0.69	CKN	Clarkson	Pair Corr
0.66	AVAL	Grupo Aval	Pair Corr
0.65	001205	Nanjing Shenghang	Pair Corr
0.56	SBLK	Star Bulk Carriers	Pair Corr
0.53	WTE	Westshore Terminals	Pair Corr

Related Correlations Analysis

	PTLE	TPET	STAK	TURB	ASTI	SKYQ	VIVK	BANL	BRN	TMDE
PTLE		0.53	0.52	0.48	-0.69	0.46	0.49	0.3	0.57	0.46	PTLE
TPET	0.53		0.9	0.84	-0.34	0.8	0.82	0.78	0.78	0.78	TPET
STAK	0.52	0.9		0.85	-0.25	0.91	0.81	0.81	0.83	0.77	STAK
TURB	0.48	0.84	0.85		-0.22	0.75	0.94	0.88	0.79	0.73	TURB
ASTI	-0.69	-0.34	-0.25	-0.22		-0.24	-0.35	-0.07	-0.28	-0.35	ASTI
SKYQ	0.46	0.8	0.91	0.75	-0.24		0.74	0.76	0.73	0.79	SKYQ
VIVK	0.49	0.82	0.81	0.94	-0.35	0.74		0.77	0.73	0.72	VIVK
BANL	0.3	0.78	0.81	0.88	-0.07	0.76	0.77		0.73	0.74	BANL
BRN	0.57	0.78	0.83	0.79	-0.28	0.73	0.73	0.73		0.67	BRN
TMDE	0.46	0.78	0.77	0.73	-0.35	0.79	0.72	0.74	0.67		TMDE
	PTLE	TPET	STAK	TURB	ASTI	SKYQ	VIVK	BANL	BRN	TMDE

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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

VIVK	+ 0.94	TURB
SKYQ	+ 0.91	STAK
STAK	+ 0.9	TPET
BANL	+ 0.88	TURB
TURB	+ 0.85	STAK
TURB	+ 0.84	TPET

High negative correlations

ASTI	- 0.69	PTLE
TMDE	- 0.35	ASTI
VIVK	- 0.35	ASTI
ASTI	- 0.34	TPET
BRN	- 0.28	ASTI
ASTI	- 0.25	STAK

Risk-Adjusted Indicators

There is a big difference between Robin Stock performing well and Robin Energy 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 Robin Energy'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
PTLE	5.66	(0.35)	0.00	0.85	0.00	0.00	15.79	(13.64)	62.75
TPET	3.26	(0.36)	0.00	(0.40)	0.00	0.00	7.14	(5.49)	32.43
STAK	4.40	(0.93)	0.00	(0.35)	0.00	0.00	11.59	(9.09)	31.79
TURB	4.46	(2.97)	0.00	(1.25)	0.00	0.00	6.25	(12.45)	32.07
ASTI	6.88	1.31	0.22	0.32	6.56	(8.45)	30.41	(10.28)	52.42
SKYQ	4.67	(0.54)	0.00	(0.25)	0.00	0.00	9.52	(8.82)	47.98
VIVK	10.79	(2.82)	0.00	(1.84)	0.00	0.00	16.03	(24.23)	88.89
BANL	2.51	(0.70)	0.00	(2.25)	0.00	0.00	4.55	(4.35)	29.55
BRN	3.06	(0.20)	0.00	(0.09)	0.00	0.00	7.38	(4.96)	17.52
TMDE	3.75	(0.73)	0.00	(0.37)	0.00	0.00	7.25	(7.46)	31.54

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