FLEX LNG Ltd. Ordinary Shares (FLNG) — Stock Correlations & Overview
Over the past year, FLNG has moved most closely with HAFN, INSW, NVGS. Explore the stocks most correlated and inversely correlated with FLNG below, along with its price, financials, and company profile.
Stocks correlated with FLNG
Correlation of daily returns. Higher positive values move with FLNG; negative values move opposite it. Informational only, not investment advice.
Most correlated with FLNG
| Symbol | Company | Correlation |
|---|---|---|
| HAFN | Hafnia Limited | 0.54 |
| INSW | International Seaways, Inc. Common StockWATER TRANSPORTATION | 0.53 |
| NVGS | NAVIGATOR HOLDINGS LTD. | 0.52 |
| TRMD | TORM plc Class A Common Stock | 0.52 |
| ASC | ARDMORE SHIPPING CORPORATION | 0.51 |
Most inversely correlated with FLNG
| Symbol | Company | Correlation |
|---|---|---|
| CTWO | COtwo Advisors Physical European Carbon Allowance TrustFINANCE SERVICES | -0.24 |
| FTCI | FTC Solar, Inc. Common StockSEMICONDUCTORS & RELATED DEVICES | -0.24 |
| ETN | Eaton Corporation, plc Ordinary SharesMISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT | -0.23 |
| ETIp | Entergy Texas, Inc. 5.375% Series A Preferred StockELECTRIC SERVICES | -0.22 |
| JLHL | Julong Holding Limited Class A Ordinary Shares | -0.22 |
Frequently asked questions about FLNG correlations
- Which stocks are most correlated with FLNG?
- Based on one year of daily returns, the stocks most correlated with FLEX LNG Ltd. Ordinary Shares (FLNG) are HAFN (0.54), INSW (0.53) and NVGS (0.52). 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 FLNG?
- Over the past year, the stocks most inversely correlated with FLEX LNG Ltd. Ordinary Shares (FLNG) are CTWO (-0.24), FTCI (-0.24) and ETN (-0.23). 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 FLNG correlations calculated?
- We compute the correlation of daily returns between FLNG 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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