StealthGas, Inc. (GASS) — Stock Correlations & Overview
Over the past year, GASS has moved most closely with ASC, TRMD, TNK. Explore the stocks most correlated and inversely correlated with GASS below, along with its price, financials, and company profile.
Stocks correlated with GASS
Correlation of daily returns. Higher positive values move with GASS; negative values move opposite it. Informational only, not investment advice.
Most correlated with GASS
| Symbol | Company | Correlation |
|---|---|---|
| ASC | ARDMORE SHIPPING CORPORATION | 0.55 |
| TRMD | TORM plc Class A Common Stock | 0.52 |
| TNK | Teekay Tankers Ltd. | 0.51 |
| LPG | DORIAN LPG LTDDEEP SEA FOREIGN TRANSPORTATION OF FREIGHT | 0.50 |
| NVGS | NAVIGATOR HOLDINGS LTD. | 0.50 |
Most inversely correlated with GASS
| Symbol | Company | Correlation |
|---|---|---|
| NCLO | Nuveen AA-BBB CLO ETF | -0.20 |
| WOOF | Petco Health and Wellness Company, Inc. Class A Common StockRETAIL-RETAIL STORES, NEC | -0.19 |
| OCG | Oriental Culture Holding LTD Ordinary Shares | -0.19 |
| TACT | Transact Technologies IncCOMPUTER PERIPHERAL EQUIPMENT, NEC | -0.19 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.18 |
Frequently asked questions about GASS correlations
- Which stocks are most correlated with GASS?
- Based on one year of daily returns, the stocks most correlated with StealthGas, Inc. (GASS) are ASC (0.55), TRMD (0.52) and TNK (0.51). 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 GASS?
- Over the past year, the stocks most inversely correlated with StealthGas, Inc. (GASS) are NCLO (-0.20), WOOF (-0.19) and OCG (-0.19). 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 GASS correlations calculated?
- We compute the correlation of daily returns between GASS 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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