SFL Correlations

SFL Stock

USD 8.55 0.17 2.03%

The current 90-days correlation between SFL Corporation and Danaos is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SFL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SFL Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SFL Correlation With Market

Average diversification

The correlation between SFL Corp. and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SFL Corp. and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SFL Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with SFL Stock

0.73	OP	Oceanpal	Pair Corr
0.86	ASC	Ardmore Shpng	Pair Corr
0.78	KEX	Kirby	Pair Corr
0.78	PXS	Pyxis Tankers	Pair Corr
0.84	HAFN	Hafnia Limited	Pair Corr
0.78	HTCO	Caravelle International Symbol Change	Pair Corr
0.85	SMHI	SEACOR Marine Holdings	Pair Corr

Moving against SFL Stock

0.72	SB	Safe Bulkers	Pair Corr
0.69	GSL	Global Ship Lease	Pair Corr
0.4	SB-PC	Safe Bulkers	Pair Corr
0.32	DAC	Danaos	Pair Corr
0.72	HSHP	Himalaya Shipping	Pair Corr
0.51	CMRE-PB	Costamare	Pair Corr
0.45	GSL-PB	Global Ship Lease	Pair Corr
0.35	CMRE-PC	Costamare	Pair Corr
0.59	CCEC	Capital Clean Energy Symbol Change	Pair Corr
0.53	SBLK	Star Bulk Carriers	Pair Corr
0.45	SHIP	Seanergy Maritime	Pair Corr

Related Correlations Analysis

	DAC	GSL	CPLP	ESEA	NMM	GNK	CMRE	EGLE	ASC	SBLK
DAC		0.64	0.0	0.09	0.2	0.25	-0.44	0.0	-0.29	0.6	DAC
GSL	0.64		0.0	-0.06	-0.33	-0.1	-0.53	0.0	-0.51	0.81	GSL
CPLP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CPLP
ESEA	0.09	-0.06	0.0		0.46	-0.09	0.32	0.0	0.35	-0.25	ESEA
NMM	0.2	-0.33	0.0	0.46		0.4	0.59	0.0	0.65	-0.4	NMM
GNK	0.25	-0.1	0.0	-0.09	0.4		-0.01	0.0	0.22	0.16	GNK
CMRE	-0.44	-0.53	0.0	0.32	0.59	-0.01		0.0	0.76	-0.62	CMRE
EGLE	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	EGLE
ASC	-0.29	-0.51	0.0	0.35	0.65	0.22	0.76	0.0		-0.45	ASC
SBLK	0.6	0.81	0.0	-0.25	-0.4	0.16	-0.62	0.0	-0.45		SBLK
	DAC	GSL	CPLP	ESEA	NMM	GNK	CMRE	EGLE	ASC	SBLK

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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

SBLK	+ 0.81	GSL
ASC	+ 0.76	CMRE
ASC	+ 0.65	NMM
GSL	+ 0.64	DAC
SBLK	+ 0.6	DAC
CMRE	+ 0.59	NMM

High negative correlations

SBLK	- 0.62	CMRE
CMRE	- 0.53	GSL
ASC	- 0.51	GSL
SBLK	- 0.45	ASC
CMRE	- 0.44	DAC
SBLK	- 0.4	NMM

Risk-Adjusted Indicators

There is a big difference between SFL Stock performing well and SFL 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 SFL'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
DAC	1.19	0.08	0.11	(1.47)	1.31	(1.33)	2.14	(2.53)	6.71
GSL	1.27	0.13	0.16	(0.30)	1.32	(1.36)	2.59	(2.29)	10.89
CPLP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESEA	2.24	(0.05)	0.00	(0.13)	0.00	0.00	5.44	(3.65)	26.48
NMM	1.51	(0.15)	0.00	0.52	0.00	0.00	2.93	(3.30)	11.57
GNK	1.38	0.00	0.05	(0.07)	1.64	(1.50)	3.13	(2.50)	8.37
CMRE	1.52	(0.36)	0.00	1.34	0.00	0.00	2.27	(3.42)	11.48
EGLE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASC	2.03	(0.08)	0.00	(0.39)	0.00	0.00	5.08	(5.08)	13.83
SBLK	1.63	0.19	0.12	(0.55)	2.17	(1.86)	3.51	(3.30)	12.42

SFL Corporate Management

Trym Sjlie	Chief Officer	Profile
Jannicke Eilertsen	Compliance Officer	Profile
Marius Furuly	Vice Relations	Profile
Thecla Panagides	Chief Officer	Profile
Mikkel Weum	Senior Development	Profile

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