CBL International Correlations

BANL Stock

0.81 0.04 4.71%

The current 90-days correlation between CBL International and Teekay is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CBL International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CBL International Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CBL International Correlation With Market

Average diversification

The correlation between CBL International Limited and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CBL International Limited and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CBL International Limited. 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.

Moving against CBL Stock

0.67	GLOP-PA	GasLog Partners LP	Pair Corr
0.65	GLOP-PC	GasLog Partners LP	Pair Corr
0.63	GEL	Genesis Energy LP	Pair Corr
0.61	IMPPP	Imperial Petroleum	Pair Corr
0.61	GLOP-PB	GasLog Partners LP	Pair Corr
0.6	TK	Teekay	Pair Corr
0.59	PBT	Permian Basin Royalty	Pair Corr
0.57	NGL	NGL Energy Partners	Pair Corr
0.54	LPG	Dorian LPG	Pair Corr
0.54	TEN	Tsakos Energy Navigation	Pair Corr
0.53	FRO	Frontline	Pair Corr
0.49	DLNG	Dynagas LNG Partners	Pair Corr
0.48	DTM	DT Midstream	Pair Corr
0.47	GLP	Global Partners LP	Pair Corr
0.45	PAA	Plains All American	Pair Corr
0.44	TNK	Teekay Tankers	Pair Corr
0.41	EE	Excelerate Energy	Pair Corr
0.41	EPD	Enterprise Products Earnings Call This Week	Pair Corr
0.39	ET	Energy Transfer LP	Pair Corr
0.37	DHT	DHT Holdings	Pair Corr
0.35	LNG	Cheniere Energy	Pair Corr
0.32	KMI	Kinder Morgan	Pair Corr
0.69	SOBO	South Bow	Pair Corr
0.68	IMPP	Imperial Petroleum	Pair Corr
0.62	GLP-PB	Global Partners LP	Pair Corr
0.62	TEN-PF	Tsakos Energy Navigation	Pair Corr
0.61	SEAL-PA	Seapeak LLC	Pair Corr
0.61	NVGS	Navigator Holdings	Pair Corr
0.59	TEN-PE	Tsakos Energy Navigation	Pair Corr
0.58	INSW	International Seaways	Pair Corr
0.57	SEAL-PB	Seapeak LLC	Pair Corr
0.57	NGL-PC	NGL Energy Partners	Pair Corr

Related Correlations Analysis

	MARPS	ATGFF	IMPP	TK	MGRX	VCIG	OMH	SFWL	ARBB
MARPS		0.18	0.78	0.56	-0.1	-0.49	-0.48	-0.11	-0.53	MARPS
ATGFF	0.18		0.14	-0.29	0.08	-0.43	-0.19	-0.65	-0.09	ATGFF
IMPP	0.78	0.14		0.79	-0.02	-0.57	-0.67	-0.02	-0.84	IMPP
TK	0.56	-0.29	0.79		-0.31	-0.48	-0.59	0.32	-0.84	TK
MGRX	-0.1	0.08	-0.02	-0.31		0.17	0.15	-0.22	0.21	MGRX
VCIG	-0.49	-0.43	-0.57	-0.48	0.17		0.74	0.26	0.7	VCIG
OMH	-0.48	-0.19	-0.67	-0.59	0.15	0.74		0.1	0.74	OMH
SFWL	-0.11	-0.65	-0.02	0.32	-0.22	0.26	0.1		-0.08	SFWL
ARBB	-0.53	-0.09	-0.84	-0.84	0.21	0.7	0.74	-0.08		ARBB
	MARPS	ATGFF	IMPP	TK	MGRX	VCIG	OMH	SFWL	ARBB

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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

TK	+ 0.79	IMPP
IMPP	+ 0.78	MARPS
OMH	+ 0.74	VCIG
ARBB	+ 0.74	OMH
ARBB	+ 0.7	VCIG
TK	+ 0.56	MARPS

High negative correlations

ARBB	- 0.84	TK
ARBB	- 0.84	IMPP
OMH	- 0.67	IMPP
SFWL	- 0.65	ATGFF
OMH	- 0.59	TK
VCIG	- 0.57	IMPP

Risk-Adjusted Indicators

There is a big difference between CBL Stock performing well and CBL International 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 CBL International'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
MARPS	2.82	0.48	0.06	(3.43)	4.24	(3.65)	6.32	(3.44)	54.76
ATGFF	0.78	0.10	(0.04)	(0.56)	0.97	(0.83)	1.71	(1.69)	4.67
IMPP	1.96	0.60	0.17	(0.71)	1.87	(2.30)	4.53	(3.38)	17.14
TK	1.76	0.49	0.18	(2.00)	1.52	(2.12)	3.84	(2.44)	9.34
MGRX	5.31	0.21	(0.01)	(0.10)	5.93	(6.59)	11.83	(10.58)	36.19
VCIG	7.17	(1.39)	0.00	(0.38)	0.00	0.00	18.25	(16.51)	49.18
OMH	14.90	3.82	0.20	(0.65)	12.62	(23.14)	39.33	(29.25)	327.81
SFWL	2.03	(0.09)	0.00	(0.05)	0.00	0.00	4.44	(5.05)	20.55
ARBB	4.48	(0.65)	0.00	(1.35)	0.00	0.00	8.28	(12.24)	65.00

CBL International Corporate Management

Logeswara Ramasamy	Head VP	Profile
Ramasamy Logeswaran	Head VP	Profile
Christofel Tian	Head Singapore	Profile
Chi Fung	Assistant Controller	Profile

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