Performance Shipping Inc. Common Shares (PSHG) — Stock Correlations & Overview
Over the past year, PSHG has moved most closely with BZUN, RLY, NANR. Explore the stocks most correlated and inversely correlated with PSHG below, along with its price, financials, and company profile.
Stocks correlated with PSHG
Correlation of daily returns. Higher positive values move with PSHG; negative values move opposite it. Informational only, not investment advice.
Most correlated with PSHG
| Symbol | Company | Correlation |
|---|---|---|
| BZUN | Baozun Inc. American Depositary Shares | 0.30 |
| RLY | State Street Multi-Asset Real Return ETF | 0.28 |
| NANR | State Street SPDR S&P North American Natural Resources ETF | 0.28 |
| CCNR | Financial Investors Trust ALPS/CoreCommodity Natural Resources ETF | 0.27 |
| CSNR | Cohen & Steers Natural Resources Active ETF | 0.27 |
Most inversely correlated with PSHG
| Symbol | Company | Correlation |
|---|---|---|
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.22 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.21 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.21 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.21 |
| CMBS | iShares CMBS ETF | -0.20 |
Frequently asked questions about PSHG correlations
- Which stocks are most correlated with PSHG?
- Based on one year of daily returns, the stocks most correlated with Performance Shipping Inc. Common Shares (PSHG) are BZUN (0.30), RLY (0.28) and NANR (0.28). 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 PSHG?
- Over the past year, the stocks most inversely correlated with Performance Shipping Inc. Common Shares (PSHG) are YXI (-0.22), ZSL (-0.21) and GLL (-0.21). 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 PSHG correlations calculated?
- We compute the correlation of daily returns between PSHG 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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