ARDMORE SHIPPING CORPORATION (ASC) — Stock Correlations & Overview
Over the past year, ASC has moved most closely with TNK, INSW, TRMD. Explore the stocks most correlated and inversely correlated with ASC below, along with its price, financials, and company profile.
Stocks correlated with ASC
Correlation of daily returns. Higher positive values move with ASC; negative values move opposite it. Informational only, not investment advice.
Most correlated with ASC
| Symbol | Company | Correlation |
|---|---|---|
| TNK | Teekay Tankers Ltd. | 0.82 |
| INSW | International Seaways, Inc. Common StockWATER TRANSPORTATION | 0.81 |
| TRMD | TORM plc Class A Common Stock | 0.80 |
| FRO | Frontline Plc | 0.79 |
| TEN | Tsakos Energy Navigation Ltd. | 0.78 |
Most inversely correlated with ASC
| Symbol | Company | Correlation |
|---|---|---|
| SMST | Tidal Trust II Defiance Daily Target 2x Short MSTR ETF | -0.23 |
| MSTZ | T-Rex 2X Inverse MSTR Daily Target ETF | -0.23 |
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.21 |
| ASTC | Astrotech Corporation (DE) Common StockLABORATORY ANALYTICAL INSTRUMENTS | -0.20 |
| WNTR | YieldMax MSTR Short Option Income Strategy ETF | -0.20 |
Frequently asked questions about ASC correlations
- Which stocks are most correlated with ASC?
- Based on one year of daily returns, the stocks most correlated with ARDMORE SHIPPING CORPORATION (ASC) are TNK (0.82), INSW (0.81) and TRMD (0.80). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ASC?
- Over the past year, the stocks most inversely correlated with ARDMORE SHIPPING CORPORATION (ASC) are SMST (-0.23), MSTZ (-0.23) and BZQ (-0.21). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ASC correlations calculated?
- We compute the correlation of daily returns between ASC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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