Torm PLC Correlations

TRMD Stock

USD 30.13 0.95 3.26%

The current 90-days correlation between Torm PLC Class and Teekay Tankers is 0.74 (i.e., Poor diversification). The correlation of Torm PLC 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.

Torm PLC Correlation With Market

Very weak diversification

The correlation between Torm PLC Class and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Torm PLC Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Torm Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Torm PLC Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Torm Stock

0.89	AM	Antero Midstream Partners	Pair Corr
0.92	EE	Excelerate Energy Earnings Call This Week	Pair Corr
0.94	ET	Energy Transfer LP	Pair Corr
0.95	TK	Teekay	Pair Corr
0.8	SRR	Source Rock Royalties	Pair Corr
0.81	AQ30	ALTAGAS LTD PRFG	Pair Corr
0.82	ENB	Enbridge	Pair Corr
0.73	ALA	AltaGas Earnings Call This Week	Pair Corr
0.91	G2O	Golar LNG Limited	Pair Corr
0.86	KEY	Keyera Corp	Pair Corr
0.82	EN3	Enbridge	Pair Corr
0.83	TPZ	Topaz Energy Corp	Pair Corr
0.89	P5P	Pembina Pipeline Corp	Pair Corr
0.87	CHQ1	Cheniere Energy	Pair Corr
0.96	TK41	Tsakos Energy Navigation Earnings Call This Week	Pair Corr
0.85	K2Y	Keyera Corp	Pair Corr
0.95	ASC	Ardmore Shpng	Pair Corr
0.92	CQP	Cheniere Energy Partners	Pair Corr
0.96	OCW	Euronav NV	Pair Corr
0.95	DHT	DHT Holdings	Pair Corr
0.9	DKL	Delek Logistics Partners Earnings Call This Week	Pair Corr
0.88	DTM	DT Midstream	Pair Corr
0.82	ENB	Enbridge	Pair Corr
0.9	EPD	Enterprise Products	Pair Corr
0.91	ETP	Energy Transfer Partners	Pair Corr
0.98	FRO	Frontline	Pair Corr
0.88	GEL	Genesis Energy LP	Pair Corr
0.86	GLP	Global Partners LP	Pair Corr
0.92	KMI	Kinder Morgan	Pair Corr
0.94	KYN	Kayne Anderson MLP	Pair Corr
0.9	LNG	Cheniere Energy	Pair Corr
0.96	LPG	Dorian LPG	Pair Corr
0.98	NAT	Nordic American Tankers Buyout Trend	Pair Corr
0.84	NGL	NGL Energy Partners	Pair Corr
0.85	OKE	ONEOK Inc	Pair Corr
0.92	PAA	Plains All American	Pair Corr
0.88	PBA	Pembina Pipeline Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	TNK	DHT	NOG	DKL	GEL	INSW	CSAN	SM	PARR	KNTK
TNK		0.95	0.86	0.91	0.87	0.99	0.41	0.76	0.24	0.89	TNK
DHT	0.95		0.85	0.83	0.81	0.96	0.51	0.82	0.27	0.88	DHT
NOG	0.86	0.85		0.89	0.87	0.86	0.6	0.92	0.35	0.93	NOG
DKL	0.91	0.83	0.89		0.93	0.9	0.33	0.79	0.2	0.91	DKL
GEL	0.87	0.81	0.87	0.93		0.89	0.28	0.73	0.05	0.93	GEL
INSW	0.99	0.96	0.86	0.9	0.89		0.4	0.74	0.19	0.91	INSW
CSAN	0.41	0.51	0.6	0.33	0.28	0.4		0.63	0.74	0.38	CSAN
SM	0.76	0.82	0.92	0.79	0.73	0.74	0.63		0.44	0.83	SM
PARR	0.24	0.27	0.35	0.2	0.05	0.19	0.74	0.44		0.1	PARR
KNTK	0.89	0.88	0.93	0.91	0.93	0.91	0.38	0.83	0.1		KNTK
	TNK	DHT	NOG	DKL	GEL	INSW	CSAN	SM	PARR	KNTK

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Risk-Adjusted Indicators

There is a big difference between Torm Stock performing well and Torm PLC 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 Torm PLC'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
TNK	1.54	0.37	0.15	(2.95)	1.53	(1.60)	3.49	(2.68)	12.96
DHT	1.59	0.60	0.30	(2.20)	1.10	(1.88)	3.81	(2.58)	12.34
NOG	2.29	0.40	0.14	0.90	2.45	(2.53)	5.26	(4.28)	11.89
DKL	1.39	0.22	0.10	0.49	1.57	(1.47)	2.73	(2.55)	10.04
GEL	1.53	0.30	0.14	1.81	1.45	(1.71)	3.76	(2.50)	8.30
INSW	1.63	0.55	0.29	(3.95)	1.20	(2.05)	4.16	(2.80)	15.04
CSAN	2.53	0.29	0.06	(1.01)	2.90	(2.73)	5.67	(4.27)	18.30
SM	2.15	0.35	0.14	0.58	2.01	(2.40)	6.19	(3.99)	12.11
PARR	2.03	(0.06)	0.00	(0.09)	0.00	0.00	5.02	(4.28)	12.25
KNTK	1.69	0.49	0.22	0.72	1.39	(1.76)	3.90	(3.20)	10.44

Torm PLC Corporate Management

Lars Christensen	Senior Projects	Profile
Andreasgensen	Head Operation	Profile
Joakim Vasehus	Head Communications	Profile
Peter Jensen	Head Chartering	Profile
Jacob Meldgaard	CEO Director	Profile
Mikael Larsen	Head Relations	Profile

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