Dynagas LNG Correlations
| DLNG Stock | USD 3.66 0.02 0.55% |
The current 90-days correlation between Dynagas LNG Partners and Brooge Holdings is 0.11 (i.e., Average diversification). The correlation of Dynagas LNG 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.
Dynagas LNG Correlation With Market
Modest diversification
The correlation between Dynagas LNG Partners and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynagas LNG Partners and DJI in the same portfolio, assuming nothing else is changed.
Moving against Dynagas Stock
| 0.51 | GLOP-PB | GasLog Partners LP | PairCorr |
| 0.5 | GLOP-PA | GasLog Partners LP | PairCorr |
| 0.48 | PAA | Plains All American | PairCorr |
| 0.47 | IMPPP | Imperial Petroleum | PairCorr |
| 0.43 | NGL | NGL Energy Partners | PairCorr |
| 0.41 | LPG | Dorian LPG | PairCorr |
| 0.51 | GLP-PB | Global Partners LP | PairCorr |
| 0.51 | PAGP | Plains GP Holdings | PairCorr |
| 0.49 | SEAL-PA | Seapeak LLC | PairCorr |
| 0.44 | DLNG-PA | Dynagas LNG Partners | PairCorr |
| 0.44 | NGL-PC | NGL Energy Partners | PairCorr |
| 0.43 | SEAL-PB | Seapeak LLC | PairCorr |
| 0.43 | NVGS | Navigator Holdings | PairCorr |
| 0.42 | EP-PC | El Paso Energy | PairCorr |
| 0.41 | GLOP-PC | GasLog Partners LP | PairCorr |
| 0.36 | WES | Western Midstream | PairCorr |
| 0.36 | HESM | Hess Midstream Partners | PairCorr |
| 0.35 | TEN | Tsakos Energy Navigation | PairCorr |
| 0.32 | KNOP | KNOT Offshore Partners | PairCorr |
| 0.32 | NGL-PB | NGL Energy Partners | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dynagas Stock performing well and Dynagas LNG 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 Dynagas LNG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BROG | 9.01 | 1.98 | 0.14 | 1.05 | 11.74 | 23.86 | 90.41 | |||
| GLOP-PA | 0.42 | 0.07 | (0.05) | (0.98) | 0.40 | 0.94 | 3.41 | |||
| DLNG-PA | 0.52 | 0.11 | 0.00 | (0.64) | 0.55 | 1.45 | 3.53 | |||
| MMLP | 1.61 | 0.19 | 0.08 | 0.46 | 1.59 | 3.82 | 11.80 | |||
| KNOP | 1.58 | 0.10 | 0.01 | 1.17 | 1.59 | 4.55 | 10.10 | |||
| CCEC | 1.94 | (0.12) | 0.00 | (0.52) | 0.00 | 4.71 | 13.25 | |||
| GASS | 1.73 | 0.43 | 0.17 | 5.07 | 1.68 | 4.32 | 10.24 |
Dynagas LNG Corporate Executives
Elected by the shareholders, the Dynagas LNG's board of directors comprises two types of representatives: Dynagas LNG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dynagas. The board's role is to monitor Dynagas LNG's management team and ensure that shareholders' interests are well served. Dynagas LNG'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, Dynagas LNG's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Gregos | CFO and Principal Accounting Officer | Profile |