CBL International Correlations

BANL Stock

1.05 0.01 0.96%

The current 90-days correlation between CBL International and GasLog Partners LP is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CBL International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CBL International Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CBL International Correlation With Market

Average diversification

The correlation between CBL International Limited and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CBL International Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CBL International Limited. 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.

Moving together with CBL Stock

0.78	DHT	DHT Holdings	Pair Corr
0.7	EPD	Enterprise Products	Pair Corr
0.73	FRO	Frontline	Pair Corr
0.66	GLP	Global Partners LP	Pair Corr
0.7	PAA	Plains All American	Pair Corr
0.7	SMC	Summit Midstream Symbol Change	Pair Corr
0.72	WES	Western Midstream	Pair Corr
0.61	HESM	Hess Midstream Partners	Pair Corr

Moving against CBL Stock

0.62

PXSAW

Pyxis Tankers

Pair Corr

Related Correlations Analysis

	GLOP-PB	DLNG	IMPPP	GPP	IMPP	SMLP	MRGE	MARPS	AVACF	KEYUF
GLOP-PB		-0.71	-0.27	0.0	-0.71	0.0	-0.31	-0.07	-0.83	0.12	GLOP-PB
DLNG	-0.71		0.35	0.0	0.84	0.0	0.28	0.35	0.8	0.19	DLNG
IMPPP	-0.27	0.35		0.0	0.48	0.0	0.11	0.15	0.43	0.08	IMPPP
GPP	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GPP
IMPP	-0.71	0.84	0.48	0.0		0.0	0.44	0.5	0.87	0.2	IMPP
SMLP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SMLP
MRGE	-0.31	0.28	0.11	0.0	0.44	0.0		0.6	0.5	-0.11	MRGE
MARPS	-0.07	0.35	0.15	0.0	0.5	0.0	0.6		0.35	0.04	MARPS
AVACF	-0.83	0.8	0.43	0.0	0.87	0.0	0.5	0.35		-0.07	AVACF
KEYUF	0.12	0.19	0.08	0.0	0.2	0.0	-0.11	0.04	-0.07		KEYUF
	GLOP-PB	DLNG	IMPPP	GPP	IMPP	SMLP	MRGE	MARPS	AVACF	KEYUF

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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

AVACF	+ 0.87	IMPP
IMPP	+ 0.84	DLNG
AVACF	+ 0.8	DLNG
MARPS	+ 0.6	MRGE
MARPS	+ 0.5	IMPP
AVACF	+ 0.5	MRGE

High negative correlations

AVACF	- 0.83	GLOP-PB
IMPP	- 0.71	GLOP-PB
DLNG	- 0.71	GLOP-PB
MRGE	- 0.31	GLOP-PB
IMPPP	- 0.27	GLOP-PB
KEYUF	- 0.11	MRGE

Risk-Adjusted Indicators

There is a big difference between CBL Stock performing well and CBL International 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 CBL International'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
GLOP-PB	0.46	0.05	0.06	(1.73)	0.66	(0.52)	1.05	(0.80)	5.90
DLNG	1.90	(0.12)	0.00	(0.13)	0.00	0.00	3.36	(3.85)	15.85
IMPPP	0.45	(0.03)	0.00	0.27	0.00	0.00	0.81	(1.36)	3.63
GPP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMPP	2.10	(0.14)	0.00	2.95	0.00	0.00	4.66	(3.57)	18.03
SMLP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MRGE	58.71	28.17	0.00	3.35	0.00	0.00	100.00	0.00	1,497
MARPS	1.47	0.09	0.03	(0.89)	2.42	(1.62)	3.43	(3.23)	18.72
AVACF	5.15	(0.88)	0.00	2.60	0.00	0.00	10.97	(15.60)	50.12
KEYUF	1.25	0.11	0.07	0.65	1.46	(1.37)	2.59	(2.38)	6.11

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