Costamare Correlations

CMRE-PD Preferred Stock

USD 26.60 0.15 0.56%

The current 90-days correlation between Costamare and Costamare is 0.26 (i.e., Modest diversification). The correlation of Costamare 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.

Costamare Correlation With Market

Good diversification

The correlation between Costamare and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Costamare and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Costamare Preferred Stock

0.68	SB	Safe Bulkers Earnings Call This Week	Pair Corr
0.73	SB-PC	Safe Bulkers	Pair Corr
0.62	SB-PD	Safe Bulkers	Pair Corr
0.72	EDRY	EuroDry	Pair Corr
0.63	EHLD	Euroholdings Symbol Change	Pair Corr
0.68	ESEA	Euroseas	Pair Corr
0.65	GNK	Genco Shipping Trading	Pair Corr
0.62	GSL	Global Ship Lease	Pair Corr
0.64	SFL	SFL Corporation	Pair Corr
0.63	HSHP	Himalaya Shipping Symbol Change	Pair Corr
0.82	CMRE-PB	Costamare	Pair Corr
0.79	CMRE-PC	Costamare	Pair Corr
0.8	ICON	Icon Energy Corp	Pair Corr
0.71	DSX-PB	Diana Shipping	Pair Corr
0.71	GSL-PB	Global Ship Lease	Pair Corr
0.68	PANL	Pangaea Logistic	Pair Corr
0.68	SBLK	Star Bulk Carriers	Pair Corr
0.62	SHIP	Seanergy Maritime	Pair Corr
0.7	BWLP	BW LPG Limited	Pair Corr
0.86	TORO	Toro	Pair Corr

Moving against Costamare Preferred Stock

0.5	UFG	Uni Fuels Holdings	Pair Corr
0.42	HTCO	Caravelle International Symbol Change	Pair Corr

Related Correlations Analysis

	CMRE-PC	DSX-PB	SB-PC	GSL-PB	CMRE-PB	SB-PD
CMRE-PC		0.77	0.74	0.79	0.69	0.64	CMRE-PC
DSX-PB	0.77		0.85	0.76	0.48	0.71	DSX-PB
SB-PC	0.74	0.85		0.7	0.49	0.73	SB-PC
GSL-PB	0.79	0.76	0.7		0.64	0.58	GSL-PB
CMRE-PB	0.69	0.48	0.49	0.64		0.49	CMRE-PB
SB-PD	0.64	0.71	0.73	0.58	0.49		SB-PD
	CMRE-PC	DSX-PB	SB-PC	GSL-PB	CMRE-PB	SB-PD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Costamare Preferred Stock performing well and Costamare 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 Costamare'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
CMRE-PC	0.50	0.03	(0.13)	2.91	0.63	(0.55)	1.32	(1.02)	4.94
DSX-PB	0.49	0.07	(0.09)	5.25	0.53	(0.53)	1.17	(1.12)	2.95
SB-PC	0.42	0.10	(0.04)	(2.35)	0.36	(0.62)	1.02	(0.97)	4.75
GSL-PB	0.47	0.05	(0.12)	(0.56)	0.59	(0.48)	1.27	(1.02)	3.54
CMRE-PB	0.32	0.03	(0.20)	1.44	0.33	(0.39)	0.89	(0.69)	2.40
SB-PD	0.37	0.03	(0.16)	0.53	0.35	(0.52)	1.04	(0.92)	2.20

Be your own money manager

Our tools can tell you how much better you can do entering a position in Costamare 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.

Did you try this?

Run Global Correlations Now

Global Correlations

Find global opportunities by holding instruments from different markets

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC