Stabilis Solutions Correlations

SLNG Stock

USD 6.92 0.10 1.47%

The current 90-days correlation between Stabilis Solutions and Equinor ASA ADR is 0.13 (i.e., Average diversification). The correlation of Stabilis Solutions 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.

Stabilis Solutions Correlation With Market

Average diversification

The correlation between Stabilis Solutions and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stabilis Solutions 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 Stabilis Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in Stabilis Stock please use our How to Invest in Stabilis Solutions guide.

Moving together with Stabilis Stock

0.83	BP	BP PLC ADR	Pair Corr
0.73	EC	Ecopetrol SA ADR Earnings Call Today	Pair Corr
0.79	NFG	National Fuel Gas	Pair Corr
0.7	PBR	Petroleo Brasileiro Earnings Call This Week	Pair Corr
0.64	CGBSW	Crown LNG Holdings	Pair Corr
0.61	AE	Adams Resources Energy	Pair Corr
0.68	AM	Antero Midstream Partners	Pair Corr
0.78	AR	Antero Resources Corp	Pair Corr
0.72	ET	Energy Transfer LP Sell-off Trend	Pair Corr

Moving against Stabilis Stock

0.86	VIVK	Vivakor	Pair Corr
0.69	EU	enCore Energy Corp	Pair Corr
0.5	HP	Helmerich and Payne	Pair Corr
0.44	XOM	Exxon Mobil Corp	Pair Corr
0.38	DINO	HF Sinclair Corp	Pair Corr
0.36	TGS	Transportadora de Gas Earnings Call This Week	Pair Corr
0.82	BTU	Peabody Energy Corp	Pair Corr
0.66	WFRD	Weatherford International	Pair Corr
0.64	CCJ	Cameco Corp	Pair Corr
0.63	BPT	BP Prudhoe Bay	Pair Corr
0.57	VNOM	Viper Energy Ut	Pair Corr
0.56	WTTR	Select Energy Services	Pair Corr
0.5	DMLP	Dorchester Minerals	Pair Corr
0.45	BTE	Baytex Energy Corp Earnings Call Today	Pair Corr

Related Correlations Analysis

	EQNR	TTE	EC	NFG	TGS	E	CVE	SU	SHEL	PBR
EQNR		0.23	0.04	0.1	0.47	0.35	0.39	0.55	0.46	0.27	EQNR
TTE	0.23		0.79	0.82	-0.46	0.92	0.3	0.83	0.91	0.84	TTE
EC	0.04	0.79		0.89	-0.49	0.66	-0.04	0.47	0.78	0.88	EC
NFG	0.1	0.82	0.89		-0.56	0.63	-0.16	0.53	0.8	0.89	NFG
TGS	0.47	-0.46	-0.49	-0.56		-0.29	0.29	-0.19	-0.25	-0.35	TGS
E	0.35	0.92	0.66	0.63	-0.29		0.52	0.9	0.89	0.77	E
CVE	0.39	0.3	-0.04	-0.16	0.29	0.52		0.59	0.31	0.06	CVE
SU	0.55	0.83	0.47	0.53	-0.19	0.9	0.59		0.85	0.66	SU
SHEL	0.46	0.91	0.78	0.8	-0.25	0.89	0.31	0.85		0.89	SHEL
PBR	0.27	0.84	0.88	0.89	-0.35	0.77	0.06	0.66	0.89		PBR
	EQNR	TTE	EC	NFG	TGS	E	CVE	SU	SHEL	PBR

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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

E	+ 0.92	TTE
SHEL	+ 0.91	TTE
SU	+ 0.9	E
NFG	+ 0.89	EC
PBR	+ 0.89	NFG
SHEL	+ 0.89	E

High negative correlations

TGS	- 0.56	NFG
TGS	- 0.49	EC
TGS	- 0.46	TTE
PBR	- 0.35	TGS
E	- 0.29	TGS
SHEL	- 0.25	TGS

Risk-Adjusted Indicators

There is a big difference between Stabilis Stock performing well and Stabilis Solutions 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 Stabilis Solutions' 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
EQNR	1.61	(0.02)	0.00	(0.08)	0.00	0.00	3.68	(3.59)	9.90
TTE	0.90	0.01	0.01	0.10	1.17	(0.93)	1.87	(1.69)	4.62
EC	1.66	0.43	0.20	(26.59)	1.54	(1.92)	4.99	(3.28)	11.63
NFG	0.92	0.27	0.24	0.55	0.80	(1.04)	2.32	(1.89)	5.50
TGS	2.28	(0.14)	0.00	(1.20)	0.00	0.00	4.96	(3.78)	18.61
E	0.77	0.00	0.00	(0.10)	1.00	(0.72)	1.57	(1.50)	3.71
CVE	1.36	(0.11)	0.00	(0.32)	0.00	0.00	2.32	(2.56)	10.74
SU	1.11	(0.07)	0.00	(0.16)	0.00	0.00	2.01	(2.59)	6.50
SHEL	0.89	0.02	0.02	0.06	1.09	(0.87)	2.23	(1.91)	5.34
PBR	1.23	0.11	0.07	2.78	1.51	(1.28)	2.95	(2.36)	10.24

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