Dynagas LNG Correlations

DLNG Stock

USD 3.94 0.01 0.25%

The current 90-days correlation between Dynagas LNG Partners and Martin Midstream Partners is -0.03 (i.e., Good diversification). The correlation of Dynagas LNG 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.

Dynagas LNG Correlation With Market

Weak diversification

The correlation between Dynagas LNG Partners and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynagas LNG Partners and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynagas LNG Partners. 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 Dynagas Stock

0.67	EE	Excelerate Energy	Pair Corr
0.66	VNOM	Viper Energy Ut	Pair Corr
0.71	DTM	DT Midstream	Pair Corr
0.76	LPG	Dorian LPG	Pair Corr
0.63	NGL	NGL Energy Partners	Pair Corr
0.63	OKE	ONEOK Inc	Pair Corr
0.7	PBT	Permian Basin Royalty	Pair Corr
0.61	TEN	Tsakos Energy Navigation Symbol Change	Pair Corr
0.75	GLNG	Golar LNG Limited	Pair Corr
0.83	IMPP	Imperial Petroleum	Pair Corr

Moving against Dynagas Stock

0.79	GEL	Genesis Energy LP	Pair Corr
0.77	GLOP-PC	GasLog Partners LP	Pair Corr
0.76	GLOP-PA	GasLog Partners LP	Pair Corr
0.69	GLP	Global Partners LP	Pair Corr
0.67	GLOP-PB	GasLog Partners LP	Pair Corr
0.66	CQP	Cheniere Energy Partners	Pair Corr
0.62	AM	Antero Midstream Partners	Pair Corr
0.55	EPD	Enterprise Products	Pair Corr
0.47	PAA	Plains All American	Pair Corr
0.47	PBA	Pembina Pipeline Corp	Pair Corr
0.72	SOBO	South Bow	Pair Corr
0.7	MPLX	MPLX LP	Pair Corr
0.67	GLP-PB	Global Partners LP	Pair Corr
0.58	TEN-PF	Tsakos Energy Navigation	Pair Corr
0.57	HESM	Hess Midstream Partners	Pair Corr
0.52	SEAL-PA	Seapeak LLC	Pair Corr
0.5	EP-PC	El Paso Energy	Pair Corr
0.49	DLNG-PB	Dynagas LNG Partners	Pair Corr
0.49	PAGP	Plains GP Holdings	Pair Corr
0.38	DLNG-PA	Dynagas LNG Partners	Pair Corr
0.36	MMLP	Martin Midstream Partners	Pair Corr

Related Correlations Analysis

	TWMIF	MMLP	KNTK	DLNG-PA	GLOP-PA	GLOP-PC	GEL
TWMIF		-0.24	-0.01	0.5	0.44	0.69	0.63	TWMIF
MMLP	-0.24		-0.35	-0.12	0.32	-0.02	0.08	MMLP
KNTK	-0.01	-0.35		-0.26	-0.44	-0.48	-0.56	KNTK
DLNG-PA	0.5	-0.12	-0.26		0.38	0.56	0.59	DLNG-PA
GLOP-PA	0.44	0.32	-0.44	0.38		0.71	0.68	GLOP-PA
GLOP-PC	0.69	-0.02	-0.48	0.56	0.71		0.89	GLOP-PC
GEL	0.63	0.08	-0.56	0.59	0.68	0.89		GEL
	TWMIF	MMLP	KNTK	DLNG-PA	GLOP-PA	GLOP-PC	GEL

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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

GEL	+ 0.89	GLOP-PC
GLOP-PC	+ 0.71	GLOP-PA
GLOP-PC	+ 0.69	TWMIF
GEL	+ 0.68	GLOP-PA
GEL	+ 0.63	TWMIF
GEL	+ 0.59	DLNG-PA

High negative correlations

GEL	- 0.56	KNTK
GLOP-PC	- 0.48	KNTK
GLOP-PA	- 0.44	KNTK
KNTK	- 0.35	MMLP
DLNG-PA	- 0.26	KNTK
MMLP	- 0.24	TWMIF

Risk-Adjusted Indicators

There is a big difference between Dynagas Stock performing well and Dynagas LNG 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 Dynagas LNG'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
TWMIF	4.97	1.39	0.15	0.43	4.46	(13.01)	16.67	(7.69)	71.37
MMLP	1.56	(0.09)	0.00	(0.14)	0.00	0.00	2.79	(3.48)	11.47
KNTK	1.79	(0.02)	0.00	(0.06)	0.00	0.00	3.65	(3.57)	13.36
DLNG-PA	0.28	0.02	0.13	0.89	0.36	(0.29)	0.72	(0.71)	1.95
GLOP-PA	0.50	0.02	0.06	0.66	0.87	(0.53)	1.42	(1.30)	4.47
GLOP-PC	0.38	0.06	0.17	(0.57)	0.38	(0.43)	0.77	(1.01)	2.69
GEL	1.81	0.71	0.41	1.69	1.25	(2.26)	4.32	(3.04)	17.19

Dynagas LNG Corporate Executives

Elected by the shareholders, the Dynagas LNG's board of directors comprises two types of representatives: Dynagas LNG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dynagas. The board's role is to monitor Dynagas LNG's management team and ensure that shareholders' interests are well served. Dynagas LNG's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Dynagas LNG's outside directors are responsible for providing unbiased perspectives on the board's policies.

Michael Gregos

CFO and Principal Accounting Officer

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