Global Ship Correlations

GSL Stock

USD 23.32 0.56 2.35%

The current 90-days correlation between Global Ship Lease and Costamare is 0.64 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Ship moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Ship Lease moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Global Ship Correlation With Market

Modest diversification

The correlation between Global Ship Lease and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Ship Lease and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Ship Lease. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Global Stock

0.61

FTAIM

FTAI Aviation

Pair Corr

Moving against Global Stock

0.79	HRI	Herc Holdings	Pair Corr
0.78	URI	United Rentals	Pair Corr
0.76	PRG	PROG Holdings	Pair Corr
0.7	WSC	Willscot Mobile Mini	Pair Corr
0.6	CAR	Avis Budget Group Buyout Trend	Pair Corr
0.52	R	Ryder System	Pair Corr
0.52	VSTS	Vestis	Pair Corr
0.33	GATX	GATX	Pair Corr
0.31	WLFC	Willis Lease Finance	Pair Corr
0.69	ALTG	Alta Equipment Group	Pair Corr
0.68	ZCAR	Zoomcar Holdings	Pair Corr
0.67	J	Jacobs Solutions	Pair Corr
0.67	AP	Ampco Pittsburgh Earnings Call This Week	Pair Corr
0.56	TRTN-PE	Triton International	Pair Corr
0.51	UHAL	U Haul Holding	Pair Corr
0.42	HTZWW	Hertz Global Hldgs	Pair Corr
0.41	BA	Boeing	Pair Corr
0.38	MGRC	McGrath RentCorp	Pair Corr
0.37	ZCARW	Zoomcar Holdings	Pair Corr
0.36	TRTN-PC	Triton International	Pair Corr
0.69	HI	Hillenbrand	Pair Corr
0.68	DY	Dycom Industries	Pair Corr

Related Correlations Analysis

	CMRE	NMM	GNK	EGLE	SBLK	GOGL	DSX	DAC	CPLP	ESEA
CMRE		0.6	0.0	0.0	-0.63	0.12	0.47	-0.43	0.0	0.34	CMRE
NMM	0.6		0.41	0.0	-0.41	0.53	0.73	0.2	0.0	0.52	NMM
GNK	0.0	0.41		0.0	0.15	0.47	0.26	0.25	0.0	-0.04	GNK
EGLE	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EGLE
SBLK	-0.63	-0.41	0.15	0.0		-0.45	-0.2	0.59	0.0	-0.27	SBLK
GOGL	0.12	0.53	0.47	0.0	-0.45		0.4	0.02	0.0	0.32	GOGL
DSX	0.47	0.73	0.26	0.0	-0.2	0.4		0.21	0.0	0.42	DSX
DAC	-0.43	0.2	0.25	0.0	0.59	0.02	0.21		0.0	0.19	DAC
CPLP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CPLP
ESEA	0.34	0.52	-0.04	0.0	-0.27	0.32	0.42	0.19	0.0		ESEA
	CMRE	NMM	GNK	EGLE	SBLK	GOGL	DSX	DAC	CPLP	ESEA

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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

DSX	+ 0.73	NMM
NMM	+ 0.6	CMRE
DAC	+ 0.59	SBLK
GOGL	+ 0.53	NMM
ESEA	+ 0.52	NMM
DSX	+ 0.47	CMRE

High negative correlations

SBLK	- 0.63	CMRE
GOGL	- 0.45	SBLK
DAC	- 0.43	CMRE
SBLK	- 0.41	NMM
ESEA	- 0.27	SBLK
DSX	- 0.2	SBLK

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Ship 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 Global Ship'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
CMRE	1.54	(0.34)	0.00	(1.09)	0.00	0.00	2.27	(3.52)	11.48
NMM	1.53	(0.13)	0.00	(0.39)	0.00	0.00	2.93	(3.30)	11.57
GNK	1.40	0.02	0.04	(0.02)	1.68	(1.50)	3.13	(2.50)	8.37
EGLE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBLK	1.68	0.18	0.10	0.81	2.31	(1.86)	3.51	(3.32)	12.42
GOGL	2.07	(0.20)	0.00	0.87	0.00	0.00	4.11	(3.64)	21.36
DSX	1.49	(0.13)	0.00	(0.61)	0.00	0.00	2.79	(3.24)	10.12
DAC	1.22	0.08	0.09	0.16	1.40	(1.33)	2.14	(2.62)	6.71
CPLP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESEA	2.26	(0.08)	0.00	(0.15)	0.00	0.00	5.44	(3.65)	26.48

Global Ship Corporate Executives

Elected by the shareholders, the Global Ship's board of directors comprises two types of representatives: Global Ship inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Global. The board's role is to monitor Global Ship's management team and ensure that shareholders' interests are well served. Global Ship'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, Global Ship's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Thomas Lister	Chief Financial Officer, Chief Commercial Officer	Profile
	Anastasios Psaropoulos	Chief Financial Officer	Profile

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