Capital Product Correlations

Summary

The current 90-days correlation between Capital Product Partners and Danaos is -0.06 (i.e., Good diversification). The correlation of Capital Product 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Capital Product Correlation With Market

Significant diversification

The correlation between Capital Product Partners and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Product Partners and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 against Capital Stock

0.57	WMT	Walmart Aggressive Push	Pair Corr
0.51	DIS	Walt Disney Sell-off Trend	Pair Corr
0.48	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.45	BAC	Bank of America Aggressive Push	Pair Corr
0.44	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.41	HD	Home Depot	Pair Corr
0.39	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.37	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Related Correlations Analysis

	DAC	GSL	ESEA	NMM	EDRY	CMRE	MATX	HSHP	CLCO	NETI
DAC		0.58	0.43	0.6	-0.01	0.83	0.28	0.49	0.24	0.21	DAC
GSL	0.58		0.83	0.84	0.68	0.76	-0.23	0.78	0.71	-0.51	GSL
ESEA	0.43	0.83		0.77	0.67	0.72	-0.35	0.85	0.59	-0.64	ESEA
NMM	0.6	0.84	0.77		0.68	0.68	-0.4	0.75	0.64	-0.51	NMM
EDRY	-0.01	0.68	0.67	0.68		0.17	-0.82	0.62	0.79	-0.88	EDRY
CMRE	0.83	0.76	0.72	0.68	0.17		0.26	0.75	0.35	-0.1	CMRE
MATX	0.28	-0.23	-0.35	-0.4	-0.82	0.26		-0.23	-0.52	0.73	MATX
HSHP	0.49	0.78	0.85	0.75	0.62	0.75	-0.23		0.64	-0.63	HSHP
CLCO	0.24	0.71	0.59	0.64	0.79	0.35	-0.52	0.64		-0.65	CLCO
NETI	0.21	-0.51	-0.64	-0.51	-0.88	-0.1	0.73	-0.63	-0.65		NETI
	DAC	GSL	ESEA	NMM	EDRY	CMRE	MATX	HSHP	CLCO	NETI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

HSHP	+ 0.85	ESEA
NMM	+ 0.84	GSL
CMRE	+ 0.83	DAC
ESEA	+ 0.83	GSL
CLCO	+ 0.79	EDRY
HSHP	+ 0.78	GSL

High negative correlations

NETI	- 0.88	EDRY
MATX	- 0.82	EDRY
NETI	- 0.65	CLCO
NETI	- 0.64	ESEA
NETI	- 0.63	HSHP
CLCO	- 0.52	MATX

Risk-Adjusted Indicators

There is a big difference between Capital Stock performing well and Capital Product 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 Capital Product'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
DAC	1.15	(0.05)	0.00	(0.23)	0.00	0.00	2.46	(3.14)	8.98
GSL	1.24	(0.26)	0.00	(0.47)	0.00	0.00	2.46	(2.87)	8.24
ESEA	2.16	(0.23)	0.00	(1.42)	0.00	0.00	3.85	(4.63)	16.76
NMM	1.72	(0.13)	0.00	(0.21)	0.00	0.00	4.85	(3.20)	12.91
EDRY	1.39	(0.60)	0.00	(4.25)	0.00	0.00	1.96	(3.86)	8.90
CMRE	1.74	(0.12)	0.00	(0.10)	0.00	0.00	3.19	(4.34)	9.49
MATX	1.62	0.07	0.04	0.20	1.49	(2.10)	2.96	(2.60)	19.89
HSHP	1.86	(0.29)	0.00	(0.45)	0.00	0.00	4.44	(3.36)	12.97
CLCO	1.83	(0.28)	0.00	(0.81)	0.00	0.00	3.20	(4.06)	22.39
NETI	2.44	0.35	0.05	(1.12)	3.18	(2.32)	5.19	(5.41)	11.69

Delisting Warning - CPLP

Capital Product Partners was delisted

The entity Capital Product Partners with a symbol CPLP was delisted from NASDAQ Exchange. Please try Capital Clean Energy with a symbol CCEC from now on. Check all delisted instruments accross multiple markets.

Capital Product Corporate Management

Nikolaos Kalapotharakos	Chief LLC	Profile
Eleni Tsoukala	Independent Secretary	Profile
Spyridon Leousis	Chief LLC	Profile
Spyridon Leoussis	Chief LLC	Profile
Brian Gallagher	Executive Relation	Profile

Still Interested in Capital Product Partners?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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

2024 Macroaxis LLC