Okeanis Eco Correlations
| ECO Stock | 22.69 0.79 3.36% |
The current 90-days correlation between Okeanis Eco Tankers and Nordic Semiconductor ASA is -0.14 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Okeanis Eco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Okeanis Eco Tankers moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Okeanis Eco Correlation With Market
Average diversification
The correlation between Okeanis Eco Tankers and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Okeanis Eco Tankers and DJI in the same portfolio, assuming nothing else is changed.
Okeanis |
Moving together with Okeanis Stock
| 0.63 | GNK | Genco Shipping Trading | PairCorr |
| 0.85 | NAT | Nordic American Tankers | PairCorr |
| 0.64 | GASS | StealthGas | PairCorr |
| 0.61 | GLBS | Globus Maritime | PairCorr |
| 0.64 | CMRE-PD | Costamare | PairCorr |
| 0.92 | BWLP | BW LPG Limited | PairCorr |
Moving against Okeanis Stock
| 0.57 | PXSAW | Pyxis Tankers | PairCorr |
| 0.39 | ZIM | ZIM Integrated Shipping | PairCorr |
| 0.34 | ICON | Icon Energy Corp | PairCorr |
Related Correlations Analysis
| 0.72 | 0.04 | 0.0 | -0.59 | 0.61 | -0.77 | NDCVF | ||
| 0.72 | -0.22 | 0.0 | -0.42 | 0.32 | -0.61 | CAH | ||
| 0.04 | -0.22 | 0.0 | -0.14 | 0.31 | -0.06 | VGAS | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PWWRF | ||
| -0.59 | -0.42 | -0.14 | 0.0 | -0.05 | 0.74 | VMD | ||
| 0.61 | 0.32 | 0.31 | 0.0 | -0.05 | -0.2 | MX | ||
| -0.77 | -0.61 | -0.06 | 0.0 | 0.74 | -0.2 | AMD | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Okeanis Stock performing well and Okeanis Eco 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 Okeanis Eco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NDCVF | 2.15 | 0.66 | 0.15 | 1.00 | 1.72 | 6.00 | 34.96 | |||
| CAH | 0.79 | 0.21 | 0.20 | 0.29 | 1.01 | 1.82 | 6.21 | |||
| VGAS | 2.54 | 0.02 | 0.02 | 0.00 | 2.93 | 5.01 | 13.28 | |||
| PWWRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VMD | 1.41 | (0.25) | 0.00 | (0.58) | 0.00 | 2.40 | 8.31 | |||
| MX | 2.31 | 0.01 | 0.00 | (0.05) | 0.00 | 5.93 | 18.86 | |||
| AMD | 1.99 | (0.17) | 0.00 | (0.23) | 0.00 | 3.93 | 10.90 |
Okeanis Eco Corporate Management
| Iraklis Sbarounis | Chief Officer | Profile | |
| Thalia Kalafati | Treasurer | Profile | |
| Aristidis Alafouzos | Chief Officer | Profile | |
| Christopher Papaioannou | Chief Officer | Profile | |
| Dimitra Kontogogou | Company Secretary | Profile | |
| Konstantinos Oikonomopoulos | Chief Officer | Profile |