Safe Bulkers, Inc. (SB) — Stock Correlations & Overview
Over the past year, SB has moved most closely with SBLK, CMRE, HSHP. Explore the stocks most correlated and inversely correlated with SB below, along with its price, financials, and company profile.
Stocks correlated with SB
Correlation of daily returns. Higher positive values move with SB; negative values move opposite it. Informational only, not investment advice.
Most correlated with SB
| Symbol | Company | Correlation |
|---|---|---|
| SBLK | Star Bulk Carriers Corp. | 0.67 |
| CMRE | Costamare Inc. | 0.65 |
| HSHP | Himalaya Shipping Ltd. | 0.64 |
| GSL | Global Ship Lease, Inc. | 0.63 |
| BOAT | SonicShares Global Shipping ETF | 0.63 |
Most inversely correlated with SB
| Symbol | Company | Correlation |
|---|---|---|
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.40 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.34 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.33 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.33 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.33 |
Frequently asked questions about SB correlations
- Which stocks are most correlated with SB?
- Based on one year of daily returns, the stocks most correlated with Safe Bulkers, Inc. (SB) are SBLK (0.67), CMRE (0.65) and HSHP (0.64). 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 SB?
- Over the past year, the stocks most inversely correlated with Safe Bulkers, Inc. (SB) are BZQ (-0.40), TZA (-0.34) and EUM (-0.33). 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 SB correlations calculated?
- We compute the correlation of daily returns between SB 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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