NAVIGATOR HOLDINGS LTD. (NVGS) — Stock Correlations & Overview
Over the past year, NVGS has moved most closely with ASC, TRMD, INSW. Explore the stocks most correlated and inversely correlated with NVGS below, along with its price, financials, and company profile.
Stocks correlated with NVGS
Correlation of daily returns. Higher positive values move with NVGS; negative values move opposite it. Informational only, not investment advice.
Most correlated with NVGS
| Symbol | Company | Correlation |
|---|---|---|
| ASC | ARDMORE SHIPPING CORPORATION | 0.74 |
| TRMD | TORM plc Class A Common Stock | 0.69 |
| INSW | International Seaways, Inc. Common StockWATER TRANSPORTATION | 0.68 |
| TNK | Teekay Tankers Ltd. | 0.67 |
| BOAT | SonicShares Global Shipping ETF | 0.66 |
Most inversely correlated with NVGS
| Symbol | Company | Correlation |
|---|---|---|
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.31 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.28 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.26 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.25 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.24 |
Frequently asked questions about NVGS correlations
- Which stocks are most correlated with NVGS?
- Based on one year of daily returns, the stocks most correlated with NAVIGATOR HOLDINGS LTD. (NVGS) are ASC (0.74), TRMD (0.69) and INSW (0.68). 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 NVGS?
- Over the past year, the stocks most inversely correlated with NAVIGATOR HOLDINGS LTD. (NVGS) are BZQ (-0.31), YANG (-0.28) and YXI (-0.26). 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 NVGS correlations calculated?
- We compute the correlation of daily returns between NVGS 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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