Stolt Nielsen Correlations

SNI Stock

NOK 265.50 0.50 0.19%

The current 90-days correlation between Stolt Nielsen Limited and SpareBank 1 stlandet is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stolt Nielsen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stolt Nielsen Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stolt Nielsen Correlation With Market

Average diversification

The correlation between Stolt Nielsen Limited and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stolt Nielsen Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Stolt Nielsen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stolt Nielsen 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 Stolt Nielsen - 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 Stolt Nielsen Limited to buy it.

Moving together with Stolt Stock

0.67	WEST	Western Bulk Chartering	Pair Corr
0.64	BOUV	Bouvet	Pair Corr
0.66	MPCC	MPC Container Ships	Pair Corr
0.78	VOW	Vow ASA	Pair Corr
0.68	EQNR	Equinor ASA	Pair Corr

Moving against Stolt Stock

0.77	EAM	EAM Solar ASA	Pair Corr
0.61	TIETO	TietoEVRY Oyj	Pair Corr

Related Correlations Analysis

	ROMSB	MELG	GEOS	SEA1	BWO	NAPA	SPOL	ODL
ROMSB		0.67	-0.57	-0.12	0.1	-0.61	0.49	0.24	ROMSB
MELG	0.67		-0.8	-0.2	0.2	-0.75	0.66	0.43	MELG
GEOS	-0.57	-0.8		0.32	0.06	0.78	-0.51	-0.2	GEOS
SEA1	-0.12	-0.2	0.32		0.59	0.35	0.32	0.66	SEA1
BWO	0.1	0.2	0.06	0.59		0.28	0.5	0.77	BWO
NAPA	-0.61	-0.75	0.78	0.35	0.28		-0.49	-0.07	NAPA
SPOL	0.49	0.66	-0.51	0.32	0.5	-0.49		0.62	SPOL
ODL	0.24	0.43	-0.2	0.66	0.77	-0.07	0.62		ODL
	ROMSB	MELG	GEOS	SEA1	BWO	NAPA	SPOL	ODL

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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

NAPA	+ 0.78	GEOS
ODL	+ 0.77	BWO
MELG	+ 0.67	ROMSB
SPOL	+ 0.66	MELG
ODL	+ 0.66	SEA1
ODL	+ 0.62	SPOL

High negative correlations

GEOS	- 0.8	MELG
NAPA	- 0.75	MELG
NAPA	- 0.61	ROMSB
GEOS	- 0.57	ROMSB
SPOL	- 0.51	GEOS
SPOL	- 0.49	NAPA

Risk-Adjusted Indicators

There is a big difference between Stolt Stock performing well and Stolt Nielsen 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 Stolt Nielsen'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
ROMSB	0.50	0.09	0.07	0.53	0.63	(1.00)	1.97	(1.41)	6.11
MELG	0.85	0.21	0.23	0.86	0.60	(1.18)	2.48	(1.64)	4.88
GEOS	2.11	(0.08)	0.00	(0.41)	0.00	0.00	4.70	(5.07)	17.76
SEA1	2.41	0.20	0.07	0.33	3.11	(2.59)	5.46	(4.37)	32.00
BWO	1.47	0.19	0.11	0.89	1.64	(1.81)	3.97	(2.72)	11.44
NAPA	2.51	(0.19)	0.00	(0.29)	0.00	0.00	4.35	(6.72)	25.74
SPOL	0.76	0.13	0.16	0.69	0.82	(0.77)	1.98	(1.53)	4.06
ODL	1.35	0.26	0.16	0.58	1.51	(1.53)	3.08	(2.30)	12.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in Stolt Nielsen 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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Stolt Nielsen Corporate Management

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

Jens GrunerHegge	Chief Officer	Profile
Ellie Davison	Head Communications	Profile
Nick Webb	G Counsel	Profile
Peter Koenders	Chief Officer	Profile
Alex Ng	VP Strategy	Profile

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