Seapeak LLC Correlations

SEAL-PB Preferred Stock

25.84 0.01 0.04%

The current 90-days correlation between Seapeak LLC and GasLog Partners LP is -0.11 (i.e., Good diversification). The correlation of Seapeak LLC 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.

Seapeak LLC Correlation With Market

Modest diversification

The correlation between Seapeak LLC and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seapeak LLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Seapeak LLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seapeak LLC 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 Seapeak LLC - 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 Seapeak LLC to buy it.

Moving together with Seapeak Preferred Stock

0.88	IMPPP	Imperial Petroleum	Pair Corr
0.68	FLNG	FLEX LNG	Pair Corr
0.64	FRO	Frontline	Pair Corr
0.91	LPG	Dorian LPG	Pair Corr
0.78	NAT	Nordic American Tankers Earnings Call This Week	Pair Corr
0.73	NGL	NGL Energy Partners	Pair Corr
0.88	PBT	Permian Basin Royalty	Pair Corr
0.91	GLOP-PB	GasLog Partners LP	Pair Corr
0.75	GLOP-PA	GasLog Partners LP	Pair Corr
0.79	GLOP-PC	GasLog Partners LP	Pair Corr
0.78	TEN	Tsakos Energy Navigation	Pair Corr
0.78	EP-PC	El Paso Energy	Pair Corr

Moving against Seapeak Preferred Stock

0.83	EE	Excelerate Energy	Pair Corr
0.53	GLP	Global Partners LP	Pair Corr
0.48	CQP	Cheniere Energy Partners	Pair Corr
0.44	DTM	DT Midstream	Pair Corr
0.43	VNOM	Viper Energy Ut	Pair Corr
0.42	VG	Venture Global,	Pair Corr
0.34	DLNG	Dynagas LNG Partners Earnings Call This Week	Pair Corr
0.31	PXSAW	Pyxis Tankers	Pair Corr
0.78	SMC	Summit Midstream Upward Rally	Pair Corr
0.73	OKE	ONEOK Inc	Pair Corr
0.59	KMI	Kinder Morgan Sell-off Trend	Pair Corr
0.54	PXS	Pyxis Tankers	Pair Corr
0.59	KNTK	Kinetik Holdings	Pair Corr
0.58	WMB	Williams Companies	Pair Corr

Related Correlations Analysis

	GLOP-PA	GLOP-PC	AM	EE	ET	TK	DLNG	VNOM	IMPPP	FLNG
GLOP-PA		0.82	-0.47	-0.69	-0.15	0.27	-0.53	-0.61	0.84	0.32	GLOP-PA
GLOP-PC	0.82		-0.37	-0.75	-0.17	0.32	-0.39	-0.42	0.83	0.48	GLOP-PC
AM	-0.47	-0.37		0.37	0.25	-0.25	0.32	0.28	-0.32	0.16	AM
EE	-0.69	-0.75	0.37		0.35	-0.06	0.43	0.64	-0.91	-0.45	EE
ET	-0.15	-0.17	0.25	0.35		0.13	0.14	0.4	-0.2	0.27	ET
TK	0.27	0.32	-0.25	-0.06	0.13		0.1	0.16	0.17	0.41	TK
DLNG	-0.53	-0.39	0.32	0.43	0.14	0.1		0.44	-0.46	-0.03	DLNG
VNOM	-0.61	-0.42	0.28	0.64	0.4	0.16	0.44		-0.65	0.14	VNOM
IMPPP	0.84	0.83	-0.32	-0.91	-0.2	0.17	-0.46	-0.65		0.54	IMPPP
FLNG	0.32	0.48	0.16	-0.45	0.27	0.41	-0.03	0.14	0.54		FLNG
	GLOP-PA	GLOP-PC	AM	EE	ET	TK	DLNG	VNOM	IMPPP	FLNG

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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

IMPPP	+ 0.84	GLOP-PA
IMPPP	+ 0.83	GLOP-PC
GLOP-PC	+ 0.82	GLOP-PA
VNOM	+ 0.64	EE
FLNG	+ 0.54	IMPPP
FLNG	+ 0.48	GLOP-PC

High negative correlations

IMPPP	- 0.91	EE
EE	- 0.75	GLOP-PC
EE	- 0.69	GLOP-PA
IMPPP	- 0.65	VNOM
VNOM	- 0.61	GLOP-PA
DLNG	- 0.53	GLOP-PA

Risk-Adjusted Indicators

There is a big difference between Seapeak Preferred Stock performing well and Seapeak LLC 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 Seapeak LLC'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
GLOP-PA	0.41	0.07	(0.08)	(1.57)	0.38	(0.48)	0.94	(0.86)	3.41
GLOP-PC	0.48	0.05	(0.08)	22.97	0.54	(0.53)	1.08	(1.00)	3.16
AM	0.96	(0.05)	0.00	0.52	0.00	0.00	1.84	(2.01)	9.07
EE	1.51	(0.23)	0.00	2.24	0.00	0.00	3.38	(3.34)	9.07
ET	0.74	(0.01)	(0.10)	0.06	0.88	(0.80)	1.64	(1.36)	4.63
TK	1.74	0.16	0.03	2.60	1.84	(1.97)	4.26	(2.37)	11.31
DLNG	1.15	(0.08)	0.00	(0.20)	0.00	0.00	2.79	(2.58)	7.07
VNOM	1.49	0.05	(0.04)	(0.22)	1.82	(1.63)	3.65	(3.11)	8.66
IMPPP	0.35	0.09	(0.04)	(3.90)	0.30	(0.44)	0.99	(0.77)	2.44
FLNG	1.24	0.34	0.14	(0.68)	1.16	(1.49)	2.98	(1.75)	7.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in Seapeak LLC 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.

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