Pangaea Logistic Correlations

PANL Stock

USD 5.02 0.18 3.46%

The current 90-days correlation between Pangaea Logistic and Himalaya Shipping is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pangaea Logistic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pangaea Logistic moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pangaea Logistic Correlation With Market

Average diversification

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

Build AI portfolio with Pangaea Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pangaea Logistic. 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.

For more information on how to buy Pangaea Stock please use our How to buy in Pangaea Stock guide.

Moving together with Pangaea Stock

0.86	SB	Safe Bulkers Earnings Call This Week	Pair Corr
0.76	SB-PC	Safe Bulkers	Pair Corr
0.67	SB-PD	Safe Bulkers	Pair Corr
0.88	EHLD	Euroholdings Symbol Change	Pair Corr
0.75	ESEA	Euroseas	Pair Corr
0.65	ASC	Ardmore Shpng	Pair Corr
0.84	DAC	Danaos	Pair Corr
0.62	GNK	Genco Shipping Trading	Pair Corr
0.92	GSL	Global Ship Lease	Pair Corr
0.87	KEX	Kirby	Pair Corr
0.75	NAT	Nordic American Tankers	Pair Corr
0.62	NMM	Navios Maritime Partners Earnings Call This Week	Pair Corr
0.88	SFL	SFL Corporation	Pair Corr
0.85	GASS	StealthGas	Pair Corr
0.69	HAFN	Hafnia Limited	Pair Corr
0.85	HSHP	Himalaya Shipping Symbol Change	Pair Corr
0.8	CMRE-PC	Costamare	Pair Corr
0.67	CMRE-PD	Costamare	Pair Corr
0.65	ICON	Icon Energy Corp	Pair Corr
0.84	DSX-PB	Diana Shipping	Pair Corr
0.83	GSL-PB	Global Ship Lease	Pair Corr
0.77	PSHG	Performance Shipping	Pair Corr
0.9	SBLK	Star Bulk Carriers	Pair Corr

Moving against Pangaea Stock

0.85	HMR	Heidmar Maritime Holdings	Pair Corr
0.77	HTCO	Caravelle International Symbol Change	Pair Corr
0.76	UFG	Uni Fuels Holdings	Pair Corr
0.61	CISS	C3is Inc	Pair Corr
0.49	CMDB	Costamare Bulkers	Pair Corr

Related Correlations Analysis

	HSHP	ESEA	CCEC	KEX	VECO	NVEC	GSL	SB
HSHP		0.67	0.77	0.88	0.79	0.84	0.92	0.95	HSHP
ESEA	0.67		0.72	0.76	0.6	0.68	0.76	0.62	ESEA
CCEC	0.77	0.72		0.91	0.62	0.91	0.91	0.83	CCEC
KEX	0.88	0.76	0.91		0.82	0.94	0.95	0.88	KEX
VECO	0.79	0.6	0.62	0.82		0.8	0.78	0.76	VECO
NVEC	0.84	0.68	0.91	0.94	0.8		0.94	0.89	NVEC
GSL	0.92	0.76	0.91	0.95	0.78	0.94		0.94	GSL
SB	0.95	0.62	0.83	0.88	0.76	0.89	0.94		SB
	HSHP	ESEA	CCEC	KEX	VECO	NVEC	GSL	SB

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Risk-Adjusted Indicators

There is a big difference between Pangaea Stock performing well and Pangaea Logistic 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 Pangaea Logistic'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
HSHP	1.79	0.66	0.24	2.18	1.72	(2.10)	3.93	(3.29)	14.04
ESEA	1.67	0.78	0.36	2.08	1.19	(2.02)	4.67	(2.33)	13.75
CCEC	2.02	0.62	0.27	28.79	1.35	(2.48)	7.10	(2.67)	11.55
KEX	1.09	0.37	0.21	(2.60)	0.60	(1.27)	3.26	(1.69)	7.14
VECO	2.07	0.33	0.10	9.30	1.85	(2.50)	5.35	(3.47)	13.89
NVEC	1.60	0.62	0.28	(2.08)	1.18	(1.97)	3.72	(2.11)	16.09
GSL	1.19	0.45	0.26	0.74	0.90	(1.39)	3.67	(2.69)	7.94
SB	1.23	0.34	0.21	0.74	0.93	(1.62)	3.28	(2.17)	9.14

Pangaea Logistic Corporate Executives

Elected by the shareholders, the Pangaea Logistic's board of directors comprises two types of representatives: Pangaea Logistic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pangaea. The board's role is to monitor Pangaea Logistic's management team and ensure that shareholders' interests are well served. Pangaea Logistic'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, Pangaea Logistic's outside directors are responsible for providing unbiased perspectives on the board's policies.

Gianni Signore

CFO Secretary

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