Stabilis Solutions Correlations

SLNG Stock

USD 5.25 0.07 1.35%

The current 90-days correlation between Stabilis Solutions and Equinor ASA ADR is -0.14 (i.e., Good diversification). The correlation of Stabilis Solutions 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.

Stabilis Solutions Correlation With Market

Good diversification

The correlation between Stabilis Solutions and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stabilis Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Stabilis Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stabilis Solutions. 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 detail on how to invest in Stabilis Stock please use our How to Invest in Stabilis Solutions guide.

Moving against Stabilis Stock

0.41	EC	Ecopetrol SA ADR	Pair Corr
0.4	EQNR	Equinor ASA ADR Earnings Call This Week	Pair Corr
0.39	TTE	TotalEnergies SE ADR Earnings Call This Week	Pair Corr
0.36	CVX	Chevron Corp	Pair Corr
0.36	PBR	Petroleo Brasileiro	Pair Corr
0.62	EP	Empire Petroleum Corp	Pair Corr
0.57	NC	NACCO Industries	Pair Corr
0.34	SD	SandRidge Energy	Pair Corr
0.42	WFRD	Weatherford International Earnings Call This Week	Pair Corr
0.37	VTOL	Bristow Group	Pair Corr
0.36	TS	Tenaris SA ADR	Pair Corr
0.36	EFXT	Enerflex	Pair Corr

Related Correlations Analysis

	EQNR	TTE	EC	NFG	TGS	E	CVE	SU	SHEL	PBR
EQNR		0.86	0.86	0.74	-0.13	0.89	0.82	0.92	0.9	0.87	EQNR
TTE	0.86		0.83	0.69	-0.21	0.92	0.85	0.93	0.95	0.92	TTE
EC	0.86	0.83		0.55	0.04	0.76	0.79	0.85	0.84	0.8	EC
NFG	0.74	0.69	0.55		-0.12	0.83	0.73	0.71	0.77	0.69	NFG
TGS	-0.13	-0.21	0.04	-0.12		-0.14	0.19	-0.22	-0.1	-0.05	TGS
E	0.89	0.92	0.76	0.83	-0.14		0.89	0.92	0.96	0.91	E
CVE	0.82	0.85	0.79	0.73	0.19	0.89		0.87	0.92	0.88	CVE
SU	0.92	0.93	0.85	0.71	-0.22	0.92	0.87		0.95	0.89	SU
SHEL	0.9	0.95	0.84	0.77	-0.1	0.96	0.92	0.95		0.93	SHEL
PBR	0.87	0.92	0.8	0.69	-0.05	0.91	0.88	0.89	0.93		PBR
	EQNR	TTE	EC	NFG	TGS	E	CVE	SU	SHEL	PBR

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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

SHEL	+ 0.96	E
SHEL	+ 0.95	TTE
SHEL	+ 0.95	SU
SU	+ 0.93	TTE
PBR	+ 0.93	SHEL
SU	+ 0.92	EQNR

High negative correlations

SU	- 0.22	TGS
TGS	- 0.21	TTE
E	- 0.14	TGS
TGS	- 0.13	EQNR
TGS	- 0.12	NFG
SHEL	- 0.1	TGS

Risk-Adjusted Indicators

There is a big difference between Stabilis Stock performing well and Stabilis Solutions 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 Stabilis Solutions' 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
EQNR	1.38	0.18	0.03	11.84	1.64	(1.48)	2.78	(2.66)	10.21
TTE	1.06	0.15	0.01	(7.31)	1.18	(1.18)	2.55	(2.09)	6.78
EC	1.39	0.10	(0.02)	(0.89)	1.79	(1.40)	3.22	(3.31)	7.94
NFG	0.93	0.22	0.09	(15.64)	0.80	(1.09)	2.61	(1.96)	6.28
TGS	2.09	(0.20)	0.00	(0.12)	0.00	0.00	3.81	(5.09)	11.89
E	0.96	0.34	0.26	2.50	0.54	(1.21)	2.70	(1.34)	4.83
CVE	1.72	0.33	0.11	(6.73)	1.68	(2.05)	3.81	(2.92)	13.36
SU	1.15	0.26	0.08	(1.81)	1.13	(1.29)	2.62	(2.41)	7.72
SHEL	0.92	0.19	0.05	7.33	0.96	(1.03)	2.06	(1.66)	5.76
PBR	1.30	0.11	0.00	0.63	1.43	(1.44)	2.91	(2.37)	7.10

Stabilis Solutions Corporate Executives

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

Andrew CPA

CFO VP

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