Genco Shipping Correlations

GNK Stock

USD 15.22 0.22 1.47%

The current 90-days correlation between Genco Shipping Trading and Golden Ocean Group is 0.73 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Genco Shipping moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genco Shipping Trading moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Genco Shipping Correlation With Market

Average diversification

The correlation between Genco Shipping Trading and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genco Shipping Trading and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Genco Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genco Shipping Trading. 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 together with Genco Stock

0.79	DAC	Danaos	Pair Corr
0.68	GSL	Global Ship Lease	Pair Corr
0.67	KEX	Kirby	Pair Corr
0.68	NMM	Navios Maritime Partners Earnings Call This Week	Pair Corr
0.84	SFL	SFL Corporation	Pair Corr
0.86	GOGL	Golden Ocean Group	Pair Corr
0.69	CMRE-PC	Costamare	Pair Corr
0.64	CMRE-PD	Costamare	Pair Corr
0.75	DSX-PB	Diana Shipping	Pair Corr
0.61	PANL	Pangaea Logistic	Pair Corr
0.8	SBLK	Star Bulk Carriers	Pair Corr

Moving against Genco Stock

0.48	HMR	Heidmar Maritime Holdings	Pair Corr
0.41	NCT	Intercont Limited	Pair Corr

Related Correlations Analysis

	SBLK	GOGL	GSL	DAC	EGLE	DSX	CMRE	ASC	OP
SBLK		0.63	0.95	0.95	0.78	0.47	0.42	0.31	0.48	SBLK
GOGL	0.63		0.5	0.64	0.38	0.43	0.53	0.26	0.19	GOGL
GSL	0.95	0.5		0.94	0.78	0.57	0.39	0.34	0.51	GSL
DAC	0.95	0.64	0.94		0.77	0.52	0.39	0.36	0.46	DAC
EGLE	0.78	0.38	0.78	0.77		0.44	0.26	0.41	0.52	EGLE
DSX	0.47	0.43	0.57	0.52	0.44		0.4	0.63	0.64	DSX
CMRE	0.42	0.53	0.39	0.39	0.26	0.4		0.12	0.39	CMRE
ASC	0.31	0.26	0.34	0.36	0.41	0.63	0.12		0.54	ASC
OP	0.48	0.19	0.51	0.46	0.52	0.64	0.39	0.54		OP
	SBLK	GOGL	GSL	DAC	EGLE	DSX	CMRE	ASC	OP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Genco Stock performing well and Genco 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 Genco 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
SBLK	1.31	0.44	0.26	0.97	1.00	(1.59)	3.28	(2.39)	7.20
GOGL	1.66	0.18	0.07	0.41	1.64	(1.98)	5.15	(2.63)	13.67
GSL	1.20	0.50	0.27	1.15	0.92	(1.39)	3.67	(2.69)	7.94
DAC	1.20	0.24	0.11	0.79	1.19	(1.37)	2.81	(2.02)	8.35
EGLE	0.58	0.27	0.20	(2.33)	0.00	(0.72)	1.59	(0.84)	4.26
DSX	2.25	0.16	0.03	0.57	2.30	(3.07)	5.11	(4.70)	15.45
CMRE	2.03	0.20	0.02	0.57	4.68	(2.06)	4.00	(2.88)	28.26
ASC	1.70	0.22	0.03	(0.79)	2.12	(1.76)	4.02	(3.11)	9.75
OP	9.75	3.14	0.24	(0.86)	8.23	(14.94)	38.24	(15.86)	158.16

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