Tsakos Energy Correlations

TEN-PF Stock

27.04 0.10 0.37%

The current 90-days correlation between Tsakos Energy Navigation and Axcelis Technologies is 0.06 (i.e., Significant diversification). The correlation of Tsakos 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.

Tsakos Energy Correlation With Market

Average diversification

The correlation between Tsakos Energy Navigation and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tsakos Energy Navigation and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tsakos Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tsakos Energy Navigation. 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.

Moving together with Tsakos Stock

0.71	TK	Teekay	Pair Corr
0.77	VG	Venture Global,	Pair Corr
0.91	IMPPP	Imperial Petroleum	Pair Corr
0.62	FRO	Frontline	Pair Corr
0.8	GEL	Genesis Energy LP	Pair Corr
0.92	LPG	Dorian LPG	Pair Corr
0.71	NAT	Nordic American Tankers	Pair Corr
0.78	NGL	NGL Energy Partners	Pair Corr
0.76	PAA	Plains All American	Pair Corr
0.87	PBT	Permian Basin Royalty	Pair Corr
0.83	GLOP-PB	GasLog Partners LP	Pair Corr
0.85	GLOP-PA	GasLog Partners LP	Pair Corr
0.85	GLOP-PC	GasLog Partners LP	Pair Corr
0.81	TEN	Tsakos Energy Navigation	Pair Corr
0.7	WES	Western Midstream	Pair Corr
0.7	EP-PC	El Paso Energy	Pair Corr

Moving against Tsakos Stock

0.77	CQP	Cheniere Energy Partners	Pair Corr
0.55	VNOM	Viper Energy Ut	Pair Corr
0.7	SMC	Summit Midstream Symbol Change	Pair Corr
0.39	TRP	TC Energy Corp	Pair Corr
0.37	OKE	ONEOK Inc	Pair Corr
0.33	NFE	New Fortress Energy	Pair Corr

Related Correlations Analysis

	NOKFF	SINGY	AAL	CPAC	CC	ULCC	ACLS
NOKFF		0.0	0.0	0.0	0.0	0.0	0.0	NOKFF
SINGY	0.0		0.86	0.82	0.29	0.78	0.81	SINGY
AAL	0.0	0.86		0.68	0.27	0.94	0.79	AAL
CPAC	0.0	0.82	0.68		0.33	0.62	0.86	CPAC
CC	0.0	0.29	0.27	0.33		0.16	0.39	CC
ULCC	0.0	0.78	0.94	0.62	0.16		0.68	ULCC
ACLS	0.0	0.81	0.79	0.86	0.39	0.68		ACLS
	NOKFF	SINGY	AAL	CPAC	CC	ULCC	ACLS

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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

ULCC	+ 0.94	AAL
AAL	+ 0.86	SINGY
ACLS	+ 0.86	CPAC
CPAC	+ 0.82	SINGY
ACLS	+ 0.81	SINGY
ACLS	+ 0.79	AAL

High negative correlations

ACLS	- 0.0	NOKFF
ULCC	- 0.0	NOKFF
CC	- 0.0	NOKFF
CPAC	- 0.0	NOKFF
AAL	- 0.0	NOKFF
SINGY	- 0.0	NOKFF

Risk-Adjusted Indicators

There is a big difference between Tsakos Stock performing well and Tsakos 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 Tsakos 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
NOKFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SINGY	0.64	0.27	0.23	2.23	0.13	(0.84)	1.79	(0.90)	3.64
AAL	2.05	0.11	0.08	0.19	2.49	(2.15)	5.04	(4.37)	18.28
CPAC	1.16	0.21	0.03	(1.55)	1.36	(1.33)	3.19	(2.92)	9.68
CC	2.81	0.14	0.07	0.22	3.15	(3.09)	6.50	(5.64)	16.42
ULCC	3.09	0.10	0.09	0.17	3.24	(3.57)	7.71	(4.74)	21.88
ACLS	2.39	0.52	0.22	0.47	2.12	(2.79)	6.44	(4.54)	13.36

Tsakos Energy Corporate Executives

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

Paul Durham	CoCFO Officer	Profile
Theo Kosmatos	Corporate CoCFO	Profile
Harrys Kosmatos	Corporate CoCFO	Profile

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