Okeanis Eco Tankers Corp. (ECO) — Stock Correlations & Overview
Over the past year, ECO has moved most closely with FRO, TEN, TNK. Explore the stocks most correlated and inversely correlated with ECO below, along with its price, financials, and company profile.
Stocks correlated with ECO
Correlation of daily returns. Higher positive values move with ECO; negative values move opposite it. Informational only, not investment advice.
Most correlated with ECO
| Symbol | Company | Correlation |
|---|---|---|
| FRO | Frontline Plc | 0.80 |
| TEN | Tsakos Energy Navigation Ltd. | 0.76 |
| TNK | Teekay Tankers Ltd. | 0.74 |
| DHT | DHT HOLDINGS, INC. | 0.73 |
| INSW | International Seaways, Inc. Common StockWATER TRANSPORTATION | 0.73 |
Most inversely correlated with ECO
| Symbol | Company | Correlation |
|---|---|---|
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.22 |
| SMST | Tidal Trust II Defiance Daily Target 2x Short MSTR ETF | -0.21 |
| MSTZ | T-Rex 2X Inverse MSTR Daily Target ETF | -0.21 |
| WNTR | YieldMax MSTR Short Option Income Strategy ETF | -0.21 |
| AUID | authID Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | -0.18 |
Frequently asked questions about ECO correlations
- Which stocks are most correlated with ECO?
- Based on one year of daily returns, the stocks most correlated with Okeanis Eco Tankers Corp. (ECO) are FRO (0.80), TEN (0.76) and TNK (0.74). 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 ECO?
- Over the past year, the stocks most inversely correlated with Okeanis Eco Tankers Corp. (ECO) are BZQ (-0.22), SMST (-0.21) and MSTZ (-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 ECO correlations calculated?
- We compute the correlation of daily returns between ECO 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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