Scorpio Tankers Correlations

STNG Stock

USD 44.75 1.56 3.61%

The current 90-days correlation between Scorpio Tankers and Teekay Tankers is 0.73 (i.e., Poor diversification). The correlation of Scorpio Tankers 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.

Scorpio Tankers Correlation With Market

Average diversification

The correlation between Scorpio Tankers and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scorpio Tankers and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Scorpio Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scorpio Tankers. 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 Scorpio Stock please use our How to Invest in Scorpio Tankers guide.

Moving together with Scorpio Stock

0.86	TK	Teekay Earnings Call This Week	Pair Corr
0.75	IMPPP	Imperial Petroleum	Pair Corr
0.62	EPD	Enterprise Products Earnings Call This Week	Pair Corr
0.88	FRO	Frontline	Pair Corr
0.72	GEL	Genesis Energy LP Earnings Call This Week	Pair Corr
0.85	LPG	Dorian LPG Earnings Call This Week	Pair Corr
0.73	NGL	NGL Energy Partners	Pair Corr
0.73	PBT	Permian Basin Royalty	Pair Corr
0.78	GLOP-PB	GasLog Partners LP	Pair Corr
0.68	GLOP-PA	GasLog Partners LP	Pair Corr
0.8	GLOP-PC	GasLog Partners LP	Pair Corr
0.87	TEN	Tsakos Energy Navigation	Pair Corr
0.75	TNK	Teekay Tankers Earnings Call This Week	Pair Corr
0.66	WES	Western Midstream	Pair Corr
0.67	IMPP	Imperial Petroleum	Pair Corr
0.95	INSW	International Seaways	Pair Corr
0.78	SEAL-PB	Seapeak LLC	Pair Corr
0.75	SEAL-PA	Seapeak LLC	Pair Corr

Moving against Scorpio Stock

0.56	CQP	Cheniere Energy Partners Earnings Call This Week	Pair Corr
0.33	VNOM	Viper Energy Ut	Pair Corr
0.55	SMC	Summit Midstream Symbol Change	Pair Corr
0.4	TRP	TC Energy Corp Earnings Call This Week	Pair Corr
0.33	PBA	Pembina Pipeline Corp	Pair Corr

Related Correlations Analysis

	TNK	INSW	FRO	DHT	ASC
TNK		0.79	0.88	0.9	0.65	TNK
INSW	0.79		0.89	0.7	0.82	INSW
FRO	0.88	0.89		0.82	0.75	FRO
DHT	0.9	0.7	0.82		0.56	DHT
ASC	0.65	0.82	0.75	0.56		ASC
	TNK	INSW	FRO	DHT	ASC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Scorpio Stock performing well and Scorpio Tankers 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 Scorpio Tankers' 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
TNK	1.84	0.27	0.02	(1.74)	1.89	(2.08)	3.77	(3.41)	9.59
INSW	1.93	0.35	0.06	(5.28)	1.90	(2.10)	4.31	(2.94)	8.75
FRO	2.25	0.38	0.06	(2.23)	2.39	(2.54)	4.86	(3.79)	13.17
DHT	1.42	0.12	(0.05)	3.70	1.60	(1.56)	3.06	(2.42)	8.41
ASC	1.65	0.27	0.00	(0.78)	2.03	(1.73)	4.02	(3.11)	9.75

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC