Teekay Tankers Ltd. (TNK) — Stock Correlations & Overview
Over the past year, TNK has moved most closely with TK, INSW, FRO. Explore the stocks most correlated and inversely correlated with TNK below, along with its price, financials, and company profile.
Stocks correlated with TNK
Correlation of daily returns. Higher positive values move with TNK; negative values move opposite it. Informational only, not investment advice.
Most correlated with TNK
| Symbol | Company | Correlation |
|---|---|---|
| TK | Teekay Corporation Ltd. | 0.91 |
| INSW | International Seaways, Inc. Common StockWATER TRANSPORTATION | 0.87 |
| FRO | Frontline Plc | 0.83 |
| ASC | ARDMORE SHIPPING CORPORATION | 0.82 |
| DHT | DHT HOLDINGS, INC. | 0.81 |
Most inversely correlated with TNK
| Symbol | Company | Correlation |
|---|---|---|
| ETIp | Entergy Texas, Inc. 5.375% Series A Preferred StockELECTRIC SERVICES | -0.22 |
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.19 |
| SMST | Tidal Trust II Defiance Daily Target 2x Short MSTR ETF | -0.19 |
| MSTZ | T-Rex 2X Inverse MSTR Daily Target ETF | -0.19 |
| LNN | Lindsay CorporationFARM MACHINERY & EQUIPMENT | -0.19 |
Frequently asked questions about TNK correlations
- Which stocks are most correlated with TNK?
- Based on one year of daily returns, the stocks most correlated with Teekay Tankers Ltd. (TNK) are TK (0.91), INSW (0.87) and FRO (0.83). 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 TNK?
- Over the past year, the stocks most inversely correlated with Teekay Tankers Ltd. (TNK) are ETIp (-0.22), BZQ (-0.19) and SMST (-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 TNK correlations calculated?
- We compute the correlation of daily returns between TNK 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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