Star Bulk Correlations

SBLK Stock

USD 18.56 0.21 1.12%

The current 90-days correlation between Star Bulk Carriers and Danaos is 0.62 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Star Bulk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Star Bulk Carriers moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Star Bulk Correlation With Market

Modest diversification

The correlation between Star Bulk Carriers and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Star Bulk Carriers and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Star Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Star Bulk Carriers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Star Stock

0.62	OP	Oceanpal	Pair Corr
0.92	SB	Safe Bulkers Earnings Call This Week	Pair Corr
0.86	SB-PC	Safe Bulkers	Pair Corr
0.77	SB-PD	Safe Bulkers	Pair Corr
0.64	EDRY	EuroDry	Pair Corr
0.93	EHLD	Euroholdings Symbol Change	Pair Corr
0.96	ESEA	Euroseas	Pair Corr
0.78	ASC	Ardmore Shpng	Pair Corr
0.96	DAC	Danaos	Pair Corr
0.68	DSX	Diana Shipping	Pair Corr
0.84	GNK	Genco Shipping Trading	Pair Corr
0.96	GSL	Global Ship Lease	Pair Corr
0.95	KEX	Kirby	Pair Corr
0.84	NAT	Nordic American Tankers	Pair Corr
0.82	NMM	Navios Maritime Partners Earnings Call This Week	Pair Corr
0.96	SFL	SFL Corporation	Pair Corr
0.84	GASS	StealthGas	Pair Corr
0.64	ZIM	ZIM Integrated Shipping	Pair Corr
0.71	GOGL	Golden Ocean Group	Pair Corr
0.83	HAFN	Hafnia Limited	Pair Corr
0.93	HSHP	Himalaya Shipping Symbol Change	Pair Corr
0.8	CMRE-PC	Costamare	Pair Corr
0.68	CMRE-PD	Costamare	Pair Corr
0.87	DSX-PB	Diana Shipping	Pair Corr
0.67	MATX	Matson Inc	Pair Corr
0.77	GSL-PB	Global Ship Lease	Pair Corr
0.88	PANL	Pangaea Logistic	Pair Corr
0.79	PSHG	Performance Shipping	Pair Corr

Moving against Star Stock

0.85	HMR	Heidmar Maritime Holdings	Pair Corr
0.74	UFG	Uni Fuels Holdings	Pair Corr
0.71	HTCO	Caravelle International Symbol Change	Pair Corr
0.59	NCT	Intercont Limited	Pair Corr

Related Correlations Analysis

	GNK	EGLE	DSX	DAC	GOGL	GSL	CMRE	ASC	OP
GNK		0.65	0.58	0.82	0.88	0.73	0.33	0.74	0.36	GNK
EGLE	0.65		0.54	0.78	0.51	0.82	0.34	0.55	0.54	EGLE
DSX	0.58	0.54		0.7	0.65	0.74	0.53	0.63	0.64	DSX
DAC	0.82	0.78	0.7		0.73	0.95	0.35	0.81	0.57	DAC
GOGL	0.88	0.51	0.65	0.73		0.6	0.49	0.73	0.33	GOGL
GSL	0.73	0.82	0.74	0.95	0.6		0.37	0.75	0.62	GSL
CMRE	0.33	0.34	0.53	0.35	0.49	0.37		0.35	0.48	CMRE
ASC	0.74	0.55	0.63	0.81	0.73	0.75	0.35		0.54	ASC
OP	0.36	0.54	0.64	0.57	0.33	0.62	0.48	0.54		OP
	GNK	EGLE	DSX	DAC	GOGL	GSL	CMRE	ASC	OP

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Risk-Adjusted Indicators

There is a big difference between Star Stock performing well and Star Bulk 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 Star Bulk'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
EGLE	0.61	0.12	0.11	0.28	0.44	(0.71)	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
DAC	1.20	0.20	0.08	0.74	1.24	(1.34)	2.81	(2.20)	8.35
GOGL	1.65	0.14	0.04	0.37	1.66	(1.98)	5.15	(2.85)	13.67
GSL	1.21	0.45	0.24	1.06	1.00	(1.40)	3.67	(2.69)	7.94
CMRE	2.03	0.10	0.01	0.28	4.51	(2.05)	4.00	(2.94)	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

Star Bulk Corporate Management

Charis Plakantonaki	Chief Officer	Profile
Constantinos Simantiras	Head Research	Profile
Christos Begleris	CoChief Officer	Profile
Georgia Mastagaki	CoGeneral CoSecretary	Profile
Simos Spyrou	CoChief Officer	Profile
Nicos Rescos	Chief Officer	Profile

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