GasLog Partners Correlations

GLOP-PA Preferred Stock

USD 25.76 0.02 0.08%

The current 90-days correlation between GasLog Partners LP and GasLog Partners LP is -0.14 (i.e., Good diversification). The correlation of GasLog Partners 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.

GasLog Partners Correlation With Market

Significant diversification

The correlation between GasLog Partners LP and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GasLog Partners LP and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to GasLog Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GasLog Partners when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GasLog Partners - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GasLog Partners LP to buy it.

Moving together with GasLog Preferred Stock

0.62	AM	Antero Midstream Partners	Pair Corr
0.68	GEL	Genesis Energy LP	Pair Corr
0.66	GLOP-PB	GasLog Partners LP	Pair Corr
0.71	GLOP-PC	GasLog Partners LP	Pair Corr

Moving against GasLog Preferred Stock

0.76	DLNG	Dynagas LNG Partners	Pair Corr
0.63	VNOM	Viper Energy Ut	Pair Corr
0.5	EE	Excelerate Energy	Pair Corr
0.5	PXSAW	Pyxis Tankers	Pair Corr
0.49	DTM	DT Midstream	Pair Corr
0.47	TK	Teekay	Pair Corr
0.37	ET	Energy Transfer LP	Pair Corr
0.65	PXS	Pyxis Tankers	Pair Corr
0.62	PBT	Permian Basin Royalty	Pair Corr
0.59	LPG	Dorian LPG	Pair Corr
0.49	TEN	Tsakos Energy Navigation Symbol Change	Pair Corr
0.46	NGL	NGL Energy Partners	Pair Corr
0.44	OKE	ONEOK Inc	Pair Corr
0.44	TNK	Teekay Tankers	Pair Corr
0.34	NAT	Nordic American Tankers	Pair Corr
0.71	IMPP	Imperial Petroleum	Pair Corr
0.69	GLNG	Golar LNG Limited	Pair Corr
0.55	NVGS	Navigator Holdings	Pair Corr
0.44	KNTK	Kinetik Holdings	Pair Corr

Related Correlations Analysis

	GLOP-PB	GLOP-PC	DLNG-PB	DLNG-PA
GLOP-PB		0.83	0.19	0.16	GLOP-PB
GLOP-PC	0.83		0.23	0.3	GLOP-PC
DLNG-PB	0.19	0.23		0.72	DLNG-PB
DLNG-PA	0.16	0.3	0.72		DLNG-PA
	GLOP-PB	GLOP-PC	DLNG-PB	DLNG-PA

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Risk-Adjusted Indicators

There is a big difference between GasLog Preferred Stock performing well and GasLog Partners 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 GasLog Partners' 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	0.45	0.05	0.11	(3.47)	0.63	(0.53)	1.05	(0.80)	5.90
GLOP-PC	0.38	0.06	0.17	(0.57)	0.38	(0.43)	0.77	(1.01)	2.69
DLNG-PB	0.29	0.02	0.11	0.24	0.36	(0.31)	0.64	(0.70)	2.09
DLNG-PA	0.29	0.02	0.12	(2.51)	0.39	(0.30)	0.72	(0.71)	1.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in GasLog Partners without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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GasLog Partners Corporate Management

Joseph Nelson	Head Relations	Profile
Achilleas Tasioulas	Chief Officer	Profile
Konstantinos Karathanos	Chief Officer	Profile
Paolo Enoizi	CEO Director	Profile
Alexandros Laios	G Counsel	Profile

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