EURN Old Correlations

Summary

EURNDelisted Stock

USD 16.31 0.20 1.21%

The current 90-days correlation between EURN Old and Frontline is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EURN Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EURN Old moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

EURN Old Correlation With Market

Significant diversification

The correlation between EURN Old and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EURN Old and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with EURN Stock

0.74	AMKBY	AP Moeller Maersk	Pair Corr
0.87	BKNG	Booking Holdings	Pair Corr
0.69	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.78	DIS	Walt Disney Sell-off Trend	Pair Corr
0.82	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.73	BAC	Bank of America Aggressive Push	Pair Corr
0.79	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.8	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Moving against EURN Stock

0.91	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.89	BPTS	Biophytis	Pair Corr
0.86	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.82	NVR	NVR Inc	Pair Corr
0.79	VLCN	Volcon Inc	Pair Corr
0.77	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.71	PSGTF	PT Semen Indonesia	Pair Corr
0.68	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.63	AULT	AULT Old Symbol Change	Pair Corr
0.63	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.4	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.4	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	FRO	TNK	STNG	TNP	DHT	TRMD	NVGS	INSW
FRO		0.94	0.95	-0.7	0.98	0.95	0.8	0.97	FRO
TNK	0.94		1.0	-0.78	0.95	0.99	0.73	0.98	TNK
STNG	0.95	1.0		-0.78	0.94	0.99	0.73	0.98	STNG
TNP	-0.7	-0.78	-0.78		-0.67	-0.74	-0.34	-0.76	TNP
DHT	0.98	0.95	0.94	-0.67		0.94	0.84	0.97	DHT
TRMD	0.95	0.99	0.99	-0.74	0.94		0.74	0.98	TRMD
NVGS	0.8	0.73	0.73	-0.34	0.84	0.74		0.78	NVGS
INSW	0.97	0.98	0.98	-0.76	0.97	0.98	0.78		INSW
	FRO	TNK	STNG	TNP	DHT	TRMD	NVGS	INSW

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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

STNG	+ 1.0	TNK
TRMD	+ 0.99	TNK
TRMD	+ 0.99	STNG
DHT	+ 0.98	FRO
INSW	+ 0.98	TNK
INSW	+ 0.98	STNG

High negative correlations

TNP	- 0.78	STNG
TNP	- 0.78	TNK
INSW	- 0.76	TNP
TRMD	- 0.74	TNP
TNP	- 0.7	FRO
DHT	- 0.67	TNP

Risk-Adjusted Indicators

There is a big difference between EURN Stock performing well and EURN Old 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 EURN Old'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
FRO	2.23	(0.68)	0.00	(3.42)	0.00	0.00	4.76	(5.30)	14.18
TNK	1.52	(0.55)	0.00	(14.78)	0.00	0.00	3.30	(3.59)	9.34
STNG	1.44	(0.55)	0.00	(5.39)	0.00	0.00	2.29	(3.09)	7.73
TNP	1.44	0.21	0.12	(4.69)	1.46	(1.66)	3.12	(2.57)	9.04
DHT	1.76	(0.23)	0.00	(0.99)	0.00	0.00	3.87	(3.01)	9.41
TRMD	1.74	(0.55)	0.00	(3.59)	0.00	0.00	3.73	(3.98)	9.00
NVGS	1.31	(0.03)	0.00	(0.08)	0.00	0.00	2.52	(2.57)	6.29
INSW	1.70	(0.50)	0.00	(1.06)	0.00	0.00	3.39	(3.32)	11.14

Delisting Warning - EURN

EURN Old was delisted

The entity EURN Old with a symbol EURN was delisted from NASDAQ Exchange. Please try Euronav NV with a symbol CMBT from now on. Check all delisted instruments accross multiple markets.

EURN Old Corporate Management

Anita Odedra	Independent Member of the Supervisory Board	Profile
Stamatis Bourboulis	Member of the Management Board, General Manager, Euronav Ship Management (Hellas) Ltd.	Profile
Egied Verbeeck	General Counsel, Member of the Executive Committee	Profile
Benoit Timmermans	Chief Board	Profile

Still Interested in EURN Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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