Himalaya Shipping Ltd. (HSHP) — Stock Correlations & Overview
Over the past year, HSHP has moved most closely with SHIP, SB, SBLK. Explore the stocks most correlated and inversely correlated with HSHP below, along with its price, financials, and company profile.
Stocks correlated with HSHP
Correlation of daily returns. Higher positive values move with HSHP; negative values move opposite it. Informational only, not investment advice.
Frequently asked questions about HSHP correlations
- Which stocks are most correlated with HSHP?
- Based on one year of daily returns, the stocks most correlated with Himalaya Shipping Ltd. (HSHP) are SHIP (0.68), SB (0.64) and SBLK (0.63). 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 HSHP?
- Over the past year, the stocks most inversely correlated with Himalaya Shipping Ltd. (HSHP) are BZQ (-0.32), EFU (-0.29) and EPV (-0.27). 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 HSHP correlations calculated?
- We compute the correlation of daily returns between HSHP 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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