DYNAGAS LNG PARNERS LP (DLNG) — Stock Correlations & Overview
Over the past year, DLNG has moved most closely with MEOH, GFR, GBR. Explore the stocks most correlated and inversely correlated with DLNG below, along with its price, financials, and company profile.
Stocks correlated with DLNG
Correlation of daily returns. Higher positive values move with DLNG; negative values move opposite it. Informational only, not investment advice.
Most correlated with DLNG
| Symbol | Company | Correlation |
|---|---|---|
| MEOH | Methanex Corp | 0.33 |
| GFR | Greenfire Resources Ltd. | 0.28 |
| GBR | New Concept Energy IncCRUDE PETROLEUM & NATURAL GAS | 0.26 |
| BPYPM | Brookfield Property Partners L.P. 6.25% Class A Cumulative Redeemable Preferred Units, Series 1 | 0.24 |
| GASS | StealthGas, Inc. | 0.24 |
Most inversely correlated with DLNG
| Symbol | Company | Correlation |
|---|---|---|
| DSGR | Distribution Solutions Group, Inc. Common StockWHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES | -0.25 |
| STAK | STAK Inc. Class A Ordinary Shares | -0.25 |
| MCK | McKesson CorporationWHOLESALE-DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES | -0.25 |
| CTRE | CareTrust REIT, IncREAL ESTATE INVESTMENT TRUSTS | -0.24 |
| SMG | The Scotts Miracle-Gro CompanyAGRICULTURAL CHEMICALS | -0.22 |
Frequently asked questions about DLNG correlations
- Which stocks are most correlated with DLNG?
- Based on one year of daily returns, the stocks most correlated with DYNAGAS LNG PARNERS LP (DLNG) are MEOH (0.33), GFR (0.28) and GBR (0.26). 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 DLNG?
- Over the past year, the stocks most inversely correlated with DYNAGAS LNG PARNERS LP (DLNG) are DSGR (-0.25), STAK (-0.25) and MCK (-0.25). 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 DLNG correlations calculated?
- We compute the correlation of daily returns between DLNG 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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