Tsakos Energy Correlations
TEN Stock | USD 20.14 0.26 1.27% |
The current 90-days correlation between Tsakos Energy Navigation and Triton International Limited is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tsakos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tsakos Energy Navigation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Tsakos Energy Correlation With Market
Modest diversification
The correlation between Tsakos Energy Navigation and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tsakos Energy Navigation and DJI in the same portfolio, assuming nothing else is changed.
Tsakos |
Moving together with Tsakos Stock
0.78 | TK | Teekay | PairCorr |
0.65 | FLNG | FLEX LNG Earnings Call Next Week | PairCorr |
0.74 | DHT | DHT Holdings | PairCorr |
0.91 | FRO | Frontline Earnings Call Next Week | PairCorr |
0.83 | GEL | Genesis Energy LP | PairCorr |
0.84 | LPG | Dorian LPG | PairCorr |
0.98 | TNK | Teekay Tankers | PairCorr |
0.71 | IMPP | Imperial Petroleum | PairCorr |
0.98 | INSW | International Seaways | PairCorr |
Moving against Tsakos Stock
0.77 | DTM | DT Midstream | PairCorr |
0.75 | ET | Energy Transfer LP Aggressive Push | PairCorr |
0.74 | OKE | ONEOK Inc | PairCorr |
0.73 | KMI | Kinder Morgan Aggressive Push | PairCorr |
0.71 | LNG | Cheniere Energy | PairCorr |
0.65 | EPD | Enterprise Products | PairCorr |
0.64 | VNOM | Viper Energy Ut | PairCorr |
0.63 | EE | Excelerate Energy | PairCorr |
0.61 | CQP | Cheniere Energy Partners | PairCorr |
0.58 | ENLC | EnLink Midstream LLC | PairCorr |
0.56 | ENB | Enbridge | PairCorr |
0.55 | GLP | Global Partners LP | PairCorr |
0.54 | DLNG | Dynagas LNG Partners Earnings Call Next Week | PairCorr |
0.45 | IMPPP | Imperial Petroleum | PairCorr |
0.78 | TRGP | Targa Resources | PairCorr |
0.75 | GLP-PB | Global Partners LP | PairCorr |
0.73 | WMB | Williams Companies | PairCorr |
0.72 | KNTK | Kinetik Holdings | PairCorr |
0.68 | ET-PI | Energy Transfer LP | PairCorr |
0.67 | DLNG-PB | Dynagas LNG Partners Earnings Call Next Week | PairCorr |
0.65 | TRP | TC Energy Corp | PairCorr |
0.6 | MPLX | MPLX LP | PairCorr |
0.59 | DLNG-PA | Dynagas LNG Partners Earnings Call Next Week | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Tsakos Stock performing well and Tsakos 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 Tsakos 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TRTN-PC | 0.38 | (0.03) | (0.16) | (0.02) | 0.54 | 0.60 | 1.99 | |||
MDGC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
HRI | 2.12 | 0.54 | 0.37 | 0.33 | 1.14 | 6.47 | 20.05 | |||
UVV | 1.02 | 0.02 | 0.00 | 0.12 | 1.00 | 2.44 | 5.89 | |||
CNLFF | 0.05 | 0.02 | 0.00 | (1.47) | 0.00 | 0.00 | 1.03 | |||
ABEV | 1.15 | (0.15) | 0.00 | (0.56) | 0.00 | 2.40 | 6.97 | |||
CFRLF | 1.23 | 0.62 | 0.00 | (0.40) | 0.00 | 0.00 | 43.64 | |||
ISPR | 2.86 | (0.36) | 0.00 | (0.09) | 0.00 | 5.26 | 20.54 |