Diana Shipping Correlations

DSX Stock

USD 1.60 0.05 3.03%

The current 90-days correlation between Diana Shipping and Genco Shipping Trading is 0.43 (i.e., Very weak diversification). The correlation of Diana Shipping 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.

Diana Shipping Correlation With Market

Average diversification

The correlation between Diana Shipping 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 Diana Shipping and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Diana Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diana Shipping. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Diana Stock please use our How to Invest in Diana Shipping guide.

Moving together with Diana Stock

0.64	OP	Oceanpal	Pair Corr
0.78	SB	Safe Bulkers Earnings Call This Week	Pair Corr
0.71	ESEA	Euroseas	Pair Corr
0.63	ASC	Ardmore Shpng	Pair Corr
0.7	DAC	Danaos	Pair Corr
0.74	GSL	Global Ship Lease	Pair Corr
0.66	KEX	Kirby	Pair Corr
0.82	NAT	Nordic American Tankers	Pair Corr
0.68	NMM	Navios Maritime Partners Earnings Call This Week	Pair Corr
0.73	SFL	SFL Corporation	Pair Corr
0.77	GASS	StealthGas	Pair Corr
0.65	GOGL	Golden Ocean Group	Pair Corr
0.66	HAFN	Hafnia Limited	Pair Corr
0.8	HSHP	Himalaya Shipping Symbol Change	Pair Corr
0.66	DSX-PB	Diana Shipping	Pair Corr
0.69	PANL	Pangaea Logistic	Pair Corr
0.71	PSHG	Performance Shipping	Pair Corr
0.68	SBLK	Star Bulk Carriers	Pair Corr

Moving against Diana Stock

0.72	HMR	Heidmar Maritime Holdings	Pair Corr
0.69	HTCO	Caravelle International Symbol Change	Pair Corr
0.56	UFG	Uni Fuels Holdings	Pair Corr
0.43	NCT	Intercont Limited	Pair Corr

Related Correlations Analysis

	GNK	GOGL	EGLE	SBLK	OP	FRO
GNK		0.88	0.65	0.84	0.36	0.64	GNK
GOGL	0.88		0.51	0.71	0.33	0.58	GOGL
EGLE	0.65	0.51		0.83	0.54	0.6	EGLE
SBLK	0.84	0.71	0.83		0.62	0.74	SBLK
OP	0.36	0.33	0.54	0.62		0.53	OP
FRO	0.64	0.58	0.6	0.74	0.53		FRO
	GNK	GOGL	EGLE	SBLK	OP	FRO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Diana Stock performing well and Diana Shipping 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 Diana Shipping'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
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
EGLE	0.61	0.12	0.11	0.28	0.44	(0.71)	1.59	(0.84)	4.26
SBLK	1.37	0.35	0.17	0.80	1.31	(1.59)	3.28	(2.56)	7.20
OP	9.75	3.14	0.24	(0.86)	8.23	(14.94)	38.24	(15.86)	158.16
FRO	2.35	0.33	0.07	(1.55)	2.52	(2.60)	4.86	(3.79)	13.17

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