BW LPG Correlations

BWLP Stock

13.08 0.05 0.38%

The current 90-days correlation between BW LPG Limited and CMBTECH NV is 0.53 (i.e., Very weak diversification). The correlation of BW LPG 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. If the correlation is 0, the equities are not correlated; they are entirely random.

BW LPG Correlation With Market

Average diversification

The correlation between BW LPG Limited and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BW LPG 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 BW LPG 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 bureau of economic analysis.

Moving together with BWLP Stock

0.72	OP	Oceanpal	Pair Corr
0.88	SB	Safe Bulkers Earnings Call This Week	Pair Corr
0.82	SB-PC	Safe Bulkers	Pair Corr
0.72	SB-PD	Safe Bulkers	Pair Corr
0.71	EDRY	EuroDry	Pair Corr
0.93	EHLD	Euroholdings Symbol Change	Pair Corr
0.96	ESEA	Euroseas	Pair Corr
0.81	ASC	Ardmore Shpng	Pair Corr
0.92	DAC	Danaos	Pair Corr
0.73	DSX	Diana Shipping	Pair Corr
0.82	GNK	Genco Shipping Trading	Pair Corr
0.92	GSL	Global Ship Lease	Pair Corr
0.89	KEX	Kirby	Pair Corr
0.86	NAT	Nordic American Tankers	Pair Corr
0.75	NMM	Navios Maritime Partners Earnings Call This Week	Pair Corr
0.96	SFL	SFL Corporation	Pair Corr
0.89	GASS	StealthGas	Pair Corr
0.74	GOGL	Golden Ocean Group	Pair Corr
0.79	HAFN	Hafnia Limited	Pair Corr
0.9	HSHP	Himalaya Shipping Symbol Change	Pair Corr
0.84	CMRE-PC	Costamare	Pair Corr
0.7	CMRE-PD	Costamare	Pair Corr
0.7	ICON	Icon Energy Corp	Pair Corr
0.73	KNOP	KNOT Offshore Partners	Pair Corr
0.86	DSX-PB	Diana Shipping	Pair Corr
0.84	GSL-PB	Global Ship Lease	Pair Corr
0.89	PANL	Pangaea Logistic	Pair Corr
0.82	PSHG	Performance Shipping	Pair Corr

Moving against BWLP Stock

0.84	HMR	Heidmar Maritime Holdings	Pair Corr
0.66	UFG	Uni Fuels Holdings	Pair Corr
0.53	NCT	Intercont Limited	Pair Corr
0.67	HTCO	Caravelle International Symbol Change	Pair Corr
0.33	CISS	C3is Inc	Pair Corr

Related Correlations Analysis

	ASC	CLCO	CMBT	DAC	ECO	GASS	GNK	GOGL	HAFN	HSHP
ASC		0.72	0.64	0.81	0.75	0.67	0.74	0.73	0.85	0.77	ASC
CLCO	0.72		0.66	0.87	0.34	0.88	0.67	0.64	0.82	0.9	CLCO
CMBT	0.64	0.66		0.54	0.52	0.55	0.55	0.66	0.54	0.58	CMBT
DAC	0.81	0.87	0.54		0.48	0.83	0.82	0.73	0.89	0.94	DAC
ECO	0.75	0.34	0.52	0.48		0.2	0.56	0.62	0.58	0.41	ECO
GASS	0.67	0.88	0.55	0.83	0.2		0.57	0.56	0.75	0.89	GASS
GNK	0.74	0.67	0.55	0.82	0.56	0.57		0.88	0.67	0.79	GNK
GOGL	0.73	0.64	0.66	0.73	0.62	0.56	0.88		0.57	0.73	GOGL
HAFN	0.85	0.82	0.54	0.89	0.58	0.75	0.67	0.57		0.88	HAFN
HSHP	0.77	0.9	0.58	0.94	0.41	0.89	0.79	0.73	0.88		HSHP
	ASC	CLCO	CMBT	DAC	ECO	GASS	GNK	GOGL	HAFN	HSHP

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Risk-Adjusted Indicators

There is a big difference between BWLP Stock performing well and BW LPG 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 BW LPG'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
ASC	1.70	0.22	0.03	(0.79)	2.12	(1.76)	4.02	(3.11)	9.75
CLCO	1.91	0.41	0.11	10.92	2.10	(1.96)	3.72	(4.20)	11.26
CMBT	1.83	(0.04)	(0.03)	0.08	2.09	(1.89)	3.81	(2.94)	10.00
DAC	1.20	0.20	0.08	0.74	1.24	(1.34)	2.81	(2.20)	8.35
ECO	1.99	0.23	0.04	(1.19)	2.10	(2.15)	3.96	(3.35)	11.47
GASS	1.58	0.39	0.14	5.05	1.49	(1.84)	4.32	(2.74)	10.24
GNK	1.45	0.22	0.10	0.55	1.24	(1.68)	3.63	(2.40)	8.04
GOGL	1.65	0.14	0.04	0.37	1.66	(1.98)	5.15	(2.85)	13.67
HAFN	1.50	0.38	0.12	(6.42)	1.52	(1.66)	3.55	(2.67)	9.02
HSHP	1.85	0.48	0.19	0.71	1.87	(2.09)	3.93	(3.51)	14.04

BW LPG Corporate Management

KnutHelge Knutsen	VP Technical	Profile
Leona Leo	VP Resources	Profile
Iver Baatvik	VP Development	Profile
Lisa Lim	Head Communications	Profile
Susan Barit	Acting Secretary	Profile
Samantha Xu	Chief Officer	Profile

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