Robin Energy Correlations

RBNE Stock

0.81 0 0.49%

The current 90-days correlation between Robin Energy and Gamma Communications plc is 0.05 (i.e., Significant diversification). The correlation of Robin Energy 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.

Robin Energy Correlation With Market

Significant diversification

The correlation between Robin Energy and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Robin Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Robin Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Robin Energy. 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 information on how to trade Robin Stock refer to our How to Trade Robin Stock guide.

Moving together with Robin Stock

0.73	CDLR	Cadeler AS	Pair Corr
0.64	UNF	Unifirst	Pair Corr
0.68	KG	Kestrel Group, Symbol Change	Pair Corr
0.84	NX	Quanex Building Products	Pair Corr

Moving against Robin Stock

0.82	ECO	Okeanis Eco Tankers	Pair Corr
0.69	SHIP	Seanergy Maritime	Pair Corr
0.65	GLBS	Globus Maritime Earnings Call This Week	Pair Corr
0.64	CMRE	Costamare	Pair Corr
0.61	TORO	Toro Earnings Call This Week	Pair Corr
0.49	HSHP	Himalaya Shipping	Pair Corr
0.45	GSL	Global Ship Lease	Pair Corr
0.43	KEX	Kirby	Pair Corr
0.42	HTCO	Caravelle International	Pair Corr
0.83	MKSI	MKS Instruments	Pair Corr
0.82	UYSC	UY Scuti Acquisition	Pair Corr
0.78	VLO	Valero Energy	Pair Corr
0.76	IRWD	Ironwood Pharmaceuticals Upward Rally	Pair Corr
0.74	CUB	Lionheart Holdings	Pair Corr
0.66	EDVMF	Endeavour Mining Corp	Pair Corr
0.58	QMCQF	QMC Quantum Minerals	Pair Corr
0.55	HAE	Haemonetics	Pair Corr
0.38	ALHC	Alignment Healthcare LLC	Pair Corr
0.36	HCHDF	Hochschild Mining PLC	Pair Corr
0.34	LION	Lionsgate Studios Holding	Pair Corr

Related Correlations Analysis

	GAMCF	PSTG	SOSO	STC	ALBHF	JPDYY	DLEXY
GAMCF		0.59	0.0	-0.25	0.05	0.37	0.0	GAMCF
PSTG	0.59		0.0	-0.4	0.21	0.1	0.0	PSTG
SOSO	0.0	0.0		0.0	0.0	0.0	0.0	SOSO
STC	-0.25	-0.4	0.0		0.17	-0.02	0.0	STC
ALBHF	0.05	0.21	0.0	0.17		-0.32	0.0	ALBHF
JPDYY	0.37	0.1	0.0	-0.02	-0.32		0.0	JPDYY
DLEXY	0.0	0.0	0.0	0.0	0.0	0.0		DLEXY
	GAMCF	PSTG	SOSO	STC	ALBHF	JPDYY	DLEXY

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PSTG	+ 0.59	GAMCF
JPDYY	+ 0.37	GAMCF
ALBHF	+ 0.21	PSTG
ALBHF	+ 0.17	STC
JPDYY	+ 0.1	PSTG
ALBHF	+ 0.05	GAMCF

High negative correlations

STC	- 0.4	PSTG
JPDYY	- 0.32	ALBHF
STC	- 0.25	GAMCF
JPDYY	- 0.02	STC
DLEXY	- 0.0	JPDYY
DLEXY	- 0.0	ALBHF

Risk-Adjusted Indicators

There is a big difference between Robin Stock performing well and Robin Energy 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 Robin Energy'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
GAMCF	0.02	0.00	0.00	0.20	0.00	0.00	0.00	0.00	0.77
PSTG	2.42	0.57	0.23	0.40	2.16	(2.90)	5.32	(4.54)	38.07
SOSO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STC	1.44	0.05	0.02	0.11	1.63	(1.64)	2.92	(3.17)	9.26
ALBHF	2.05	0.21	0.03	0.76	2.51	(5.87)	5.19	(6.41)	31.80
JPDYY	0.76	0.37	0.00	24.68	0.00	0.00	0.00	0.00	25.42
DLEXY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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