Scorpio Tankers Inc. (STNG) — Stock Correlations & Overview
Over the past year, STNG has moved most closely with TNK, INSW, TRMD. Explore the stocks most correlated and inversely correlated with STNG below, along with its price, financials, and company profile.
Stocks correlated with STNG
Correlation of daily returns. Higher positive values move with STNG; negative values move opposite it. Informational only, not investment advice.
Most correlated with STNG
| Symbol | Company | Correlation |
|---|---|---|
| TNK | Teekay Tankers Ltd. | 0.79 |
| INSW | International Seaways, Inc. Common StockWATER TRANSPORTATION | 0.78 |
| TRMD | TORM plc Class A Common Stock | 0.77 |
| ASC | ARDMORE SHIPPING CORPORATION | 0.76 |
| HAFN | Hafnia Limited | 0.73 |
Most inversely correlated with STNG
| Symbol | Company | Correlation |
|---|---|---|
| IRDM | Iridium Communications Inc.COMMUNICATIONS SERVICES, NEC | -0.20 |
| RDGT | Ridgetech, Inc. Ordinary Shares | -0.20 |
| TACT | Transact Technologies IncCOMPUTER PERIPHERAL EQUIPMENT, NEC | -0.19 |
| NFE | New Fortress Energy Inc. Class A Common StockNATURAL GAS DISTRIBUTION | -0.18 |
| ETIp | Entergy Texas, Inc. 5.375% Series A Preferred StockELECTRIC SERVICES | -0.18 |
Frequently asked questions about STNG correlations
- Which stocks are most correlated with STNG?
- Based on one year of daily returns, the stocks most correlated with Scorpio Tankers Inc. (STNG) are TNK (0.79), INSW (0.78) and TRMD (0.77). 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 STNG?
- Over the past year, the stocks most inversely correlated with Scorpio Tankers Inc. (STNG) are IRDM (-0.20), RDGT (-0.20) and TACT (-0.19). 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 STNG correlations calculated?
- We compute the correlation of daily returns between STNG 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.