Global Partners Correlations

GLP Stock

USD 42.17 2.34 5.26%

The current 90-days correlation between Global Partners LP and FLEX LNG is 0.29 (i.e., Modest diversification). The correlation of Global Partners is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Global Partners Correlation With Market

Modest diversification

The correlation between Global Partners LP and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Partners LP and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Global Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Partners LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Global Stock

0.69	GEI	Gibson Energy	Pair Corr
0.87	PG	Procter Gamble	Pair Corr
0.61	MCD	McDonalds	Pair Corr
0.88	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.72	BA	Boeing	Pair Corr
0.92	T	ATT Inc	Pair Corr

Moving against Global Stock

0.88	PATH	Uipath Inc	Pair Corr
0.85	CLCO	Cool Company	Pair Corr
0.71	PLG	Platinum Group Metals	Pair Corr
0.53	KNOP	KNOT Offshore Partners	Pair Corr
0.52	BK	Bank of New York	Pair Corr
0.48	GEBHF	Genting Berhad	Pair Corr
0.45	FET	Forum Energy Technologies	Pair Corr
0.39	GS	Goldman Sachs Group	Pair Corr
0.35	CGUD	Com GuardCom	Pair Corr
0.33	IRNRF	Iron Road Limited	Pair Corr
0.87	INTC	Intel	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.77	GE	GE Aerospace	Pair Corr
0.71	UEC	Uranium Energy Corp	Pair Corr
0.56	AXP	American Express	Pair Corr
0.56	WMT	Walmart	Pair Corr
0.53	MRK	Merck Company	Pair Corr
0.43	MSFT	Microsoft	Pair Corr
0.43	BAC	Bank of America	Pair Corr
0.4	MMM	3M Company	Pair Corr
0.36	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	FLNG	DNOW	EFXT	WKC	XPRO	NEXT	FLOC	LPG	INVX	NVGS
FLNG		0.38	0.28	0.63	0.47	0.15	0.47	0.25	0.29	0.55	FLNG
DNOW	0.38		-0.35	0.68	-0.03	0.46	0.18	0.69	-0.22	0.3	DNOW
EFXT	0.28	-0.35		0.06	0.86	-0.82	0.17	-0.49	0.93	0.15	EFXT
WKC	0.63	0.68	0.06		0.28	0.24	0.33	0.45	0.13	0.45	WKC
XPRO	0.47	-0.03	0.86	0.28		-0.65	0.14	-0.33	0.85	0.15	XPRO
NEXT	0.15	0.46	-0.82	0.24	-0.65		0.16	0.54	-0.73	0.11	NEXT
FLOC	0.47	0.18	0.17	0.33	0.14	0.16		0.41	0.12	0.7	FLOC
LPG	0.25	0.69	-0.49	0.45	-0.33	0.54	0.41		-0.52	0.67	LPG
INVX	0.29	-0.22	0.93	0.13	0.85	-0.73	0.12	-0.52		0.02	INVX
NVGS	0.55	0.3	0.15	0.45	0.15	0.11	0.7	0.67	0.02		NVGS
	FLNG	DNOW	EFXT	WKC	XPRO	NEXT	FLOC	LPG	INVX	NVGS

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

INVX	+ 0.93	EFXT
XPRO	+ 0.86	EFXT
INVX	+ 0.85	XPRO
NVGS	+ 0.7	FLOC
LPG	+ 0.69	DNOW
WKC	+ 0.68	DNOW

High negative correlations

NEXT	- 0.82	EFXT
INVX	- 0.73	NEXT
NEXT	- 0.65	XPRO
INVX	- 0.52	LPG
LPG	- 0.49	EFXT
EFXT	- 0.35	DNOW

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Partners Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Global Partners' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FLNG	1.03	0.07	0.01	0.24	1.05	(1.15)	2.19	(1.96)	5.80
DNOW	1.54	(0.30)	0.00	(0.06)	0.00	0.00	2.94	(4.01)	12.13
EFXT	1.49	0.53	0.27	0.53	1.45	(1.72)	3.53	(2.78)	10.58
WKC	1.11	(0.06)	(0.05)	0.03	1.16	(1.31)	2.38	(1.96)	5.80
XPRO	2.24	0.18	0.11	0.18	2.43	(2.43)	5.31	(3.60)	12.88
NEXT	2.66	(0.82)	0.00	(1.86)	0.00	0.00	4.56	(6.31)	24.30
FLOC	2.31	(0.06)	0.01	0.06	2.90	(2.31)	3.89	(4.43)	23.76
LPG	1.51	(0.19)	0.00	(0.09)	0.00	0.00	2.62	(3.49)	11.49
INVX	1.97	0.22	0.12	0.24	1.97	(2.09)	4.68	(2.95)	10.71
NVGS	1.24	0.09	0.02	0.29	1.26	(1.45)	2.69	(2.20)	7.22

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC