Globus Maritime Limited (GLBS) — Stock Correlations & Overview
Over the past year, GLBS has moved most closely with MASS, SMUP, SMU. Explore the stocks most correlated and inversely correlated with GLBS below, along with its price, financials, and company profile.
Stocks correlated with GLBS
Correlation of daily returns. Higher positive values move with GLBS; negative values move opposite it. Informational only, not investment advice.
Most correlated with GLBS
| Symbol | Company | Correlation |
|---|---|---|
| MASS | 908 Devices Inc. Common StockLABORATORY ANALYTICAL INSTRUMENTS | 0.33 |
| SMUP | T-REX 2X Long SMR Daily Target ETF | 0.32 |
| SMU | Tradr 2X Long SMR Daily ETF | 0.32 |
| BLSH | Bullish | 0.32 |
| ARKG | ARK Genomic Revolution ETF | 0.32 |
Most inversely correlated with GLBS
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.31 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.25 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.24 |
| TWM | ProShares UltraShort Russell2000 | -0.24 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.24 |
Frequently asked questions about GLBS correlations
- Which stocks are most correlated with GLBS?
- Based on one year of daily returns, the stocks most correlated with Globus Maritime Limited (GLBS) are MASS (0.33), SMUP (0.32) and SMU (0.32). 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 GLBS?
- Over the past year, the stocks most inversely correlated with Globus Maritime Limited (GLBS) are SARK (-0.31), AIBD (-0.25) and SRTY (-0.24). 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 GLBS correlations calculated?
- We compute the correlation of daily returns between GLBS 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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