GasLog Partners Correlations
GLOP-PA Preferred Stock | USD 24.75 0.10 0.40% |
The correlation of GasLog Partners 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GasLog Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GasLog Partners LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between GasLog Partners LP and NYA is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GasLog Partners LP and NYA in the same portfolio, assuming nothing else is changed.
GasLog |
The ability to find closely correlated positions to GasLog Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GasLog Partners when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GasLog Partners - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GasLog Partners LP to buy it.
Moving together with GasLog Preferred Stock
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0.87 | DTM | DT Midstream Financial Report 7th of May 2024 | PairCorr |
0.92 | EPD | Enterprise Products Financial Report 7th of May 2024 | PairCorr |
0.74 | FRO | Frontline Financial Report 29th of May 2024 | PairCorr |
Moving against GasLog Preferred Stock
0.84 | TK | Teekay | PairCorr |
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0.67 | EURN | Euronav NV Earnings Call This Week | PairCorr |
0.64 | PXSAW | Pyxis Tankers | PairCorr |
0.61 | FLNG | FLEX LNG Financial Report 21st of May 2024 | PairCorr |
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Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between GasLog Preferred Stock performing well and GasLog Partners 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 GasLog Partners' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DLNG-PA | 0.36 | 0.07 | 0.04 | (1.14) | 0.25 | 0.93 | 2.39 | |||
GLOG-PA | 1.07 | (0.09) | 0.00 | (0.23) | 0.00 | 2.87 | 12.26 | |||
TNP-PE | 0.17 | 0.05 | (0.02) | 19.81 | 0.00 | 0.39 | 1.04 | |||
NGL-PC | 0.54 | 0.17 | 0.22 | 1.10 | 0.00 | 2.32 | 5.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GasLog Partners without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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GasLog Partners Corporate Management
Elected by the shareholders, the GasLog Partners' board of directors comprises two types of representatives: GasLog Partners inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GasLog. The board's role is to monitor GasLog Partners' management team and ensure that shareholders' interests are well served. GasLog Partners' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, GasLog Partners' outside directors are responsible for providing unbiased perspectives on the board's policies.
Joseph Nelson | Head Relations | Profile | |
Achilleas Tasioulas | Chief Officer | Profile | |
Konstantinos Karathanos | Chief Officer | Profile | |
Paolo Enoizi | CEO Director | Profile | |
Alexandros Laios | G Counsel | Profile |
Already Invested in GasLog Partners LP?
The danger of trading GasLog Partners LP is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of GasLog Partners is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than GasLog Partners. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GasLog Partners LP is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GasLog Partners LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for GasLog Preferred Stock analysis
When running GasLog Partners' price analysis, check to measure GasLog Partners' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GasLog Partners is operating at the current time. Most of GasLog Partners' value examination focuses on studying past and present price action to predict the probability of GasLog Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GasLog Partners' price. Additionally, you may evaluate how the addition of GasLog Partners to your portfolios can decrease your overall portfolio volatility.
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