Global Ship Correlations

GSL Stock

USD 27.85 0.26 0.92%

The current 90-days correlation between Global Ship Lease and Danaos is 0.7 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Ship moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Ship Lease moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Global Ship Correlation With Market

Weak diversification

The correlation between Global Ship Lease and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Ship Lease and DJI in the same portfolio, assuming nothing else is changed.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Ship Lease. 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.

Moving together with Global Stock

0.93	SB	Safe Bulkers Earnings Call This Week	Pair Corr
0.87	EHLD	Euroholdings Symbol Change	Pair Corr
0.94	ESEA	Euroseas	Pair Corr
0.65	ASC	Ardmore Shpng	Pair Corr
0.94	DAC	Danaos	Pair Corr
0.68	GNK	Genco Shipping Trading	Pair Corr
0.95	KEX	Kirby	Pair Corr
0.83	NAT	Nordic American Tankers	Pair Corr
0.81	NMM	Navios Maritime Partners Earnings Call This Week	Pair Corr
0.92	SFL	SFL Corporation	Pair Corr
0.84	GASS	StealthGas	Pair Corr
0.64	ZIM	ZIM Integrated Shipping	Pair Corr
0.83	HAFN	Hafnia Limited	Pair Corr
0.91	HSHP	Himalaya Shipping Symbol Change	Pair Corr
0.78	CMRE-PC	Costamare	Pair Corr
0.62	CMRE-PD	Costamare	Pair Corr
0.71	DSX-PB	Diana Shipping Earnings Call Next Week	Pair Corr
0.64	GSL-PB	Global Ship Lease	Pair Corr
0.78	PANL	Pangaea Logistic	Pair Corr
0.69	PSHG	Performance Shipping	Pair Corr
0.95	SBLK	Star Bulk Carriers	Pair Corr

Moving against Global Stock

0.85	HTCO	Caravelle International Symbol Change	Pair Corr
0.7	HMR	Heidmar Maritime Holdings	Pair Corr
0.54	UFG	Uni Fuels Holdings	Pair Corr
0.4	NCT	Intercont Limited	Pair Corr
0.48	CISS	C3is Inc	Pair Corr
0.43	CMDB	Costamare Bulkers	Pair Corr

Related Correlations Analysis

	DAC	GNK	CMRE	EGLE	ASC	SBLK	ESEA
DAC		0.78	0.39	0.93	0.69	0.95	0.93	DAC
GNK	0.78		0.34	0.71	0.64	0.8	0.7	GNK
CMRE	0.39	0.34		0.38	0.39	0.42	0.44	CMRE
EGLE	0.93	0.71	0.38		0.65	0.97	0.95	EGLE
ASC	0.69	0.64	0.39	0.65		0.68	0.67	ASC
SBLK	0.95	0.8	0.42	0.97	0.68		0.96	SBLK
ESEA	0.93	0.7	0.44	0.95	0.67	0.96		ESEA
	DAC	GNK	CMRE	EGLE	ASC	SBLK	ESEA

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Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Ship 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 Global Ship'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
DAC	1.20	0.19	0.10	0.45	1.19	(1.42)	2.81	(2.02)	8.35
GNK	1.43	0.26	0.15	0.50	1.11	(1.70)	3.63	(2.34)	8.04
CMRE	2.05	0.05	0.01	0.18	4.64	(2.06)	3.93	(2.98)	28.15
EGLE	0.55	0.22	0.13	8.19	0.13	(0.66)	1.55	(0.84)	4.26
ASC	1.62	0.07	0.02	0.23	2.09	(1.69)	2.93	(3.11)	8.89
SBLK	1.31	0.42	0.25	0.89	0.99	(1.59)	3.28	(2.39)	7.20
ESEA	1.63	0.87	0.43	2.06	0.97	(2.02)	4.67	(2.25)	13.75

Global Ship Corporate Executives

Elected by the shareholders, the Global Ship's board of directors comprises two types of representatives: Global Ship inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Global. The board's role is to monitor Global Ship's management team and ensure that shareholders' interests are well served. Global Ship's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Global Ship's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Thomas Lister	Chief Financial Officer, Chief Commercial Officer	Profile
	Anastasios Psaropoulos	Chief Financial Officer	Profile

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