MARKET COMPOSITE
Marine Shipping Stocks19-30-2024 20:30:00 PM
Price
$136.70
+ 1.14%
The list of companies include ASC-Ardmore Shipping Corp, ATCO-Atlas Corp., CMRE-Costamare Inc, DAC-Danaos Corporation, DHT-DHT Holdings Inc, DSX-Diana Shipping Inc, EDRY-EuroDry Ltd, EGLE-Eagle Bulk Shipping Inc, ESEA-Euroseas Ltd, FRO-Frontline Ltd, GASS-StealthGas Inc, GLNG-Golar Lng, GNK-Genco Shipping & Trading Limited, GOGL-Golden Ocean Group Limited, GRIN-Grindrod Shipping Holdings Ltd, INSW-International Seaways Inc, KEX-Kirby Corp., LPG-Dorian LPG Ltd, NAT-Nordic American Tankers Ltd, NM-Navios Maritime Holdings, Inc., NVGS-Navigator Holdings Ltd, OSG-Overseas Shipholding Group, Inc., PSHG-Performance Shipping Inc, PXS-Pyxis Tankers Inc, SB-Safe Bulkers, Inc, SBLK-Star Bulk Carriers Corp, SFL-SFL Corporation Ltd, STNG-Scorpio Tankers Inc, TK-Teekay Corp, TNK-Teekay Tankers Ltd
* Latest intraday update before market close @ 19:45:41 PM 04/19/2024
Summary
:
Average return is up 0.8%
Median return is up 0.9%
25 out of 32 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
TRMD + 1.6%SFL + 1.7%CMRE + 1.8%GLNG + 1.8%DHT + 1.8%TK + 2.4%INSW + 2.4%DLNG + 4.0%

Aggregated price index with volume information

Summary:

  • Marine Shipping stocks up 1.1% on average while median return up 1.0% in a day
  • Marine Shipping stocks down 0.9% on average while median return down 0.3% in a week
  • Marine Shipping stocks up 0.9% on average while median return up -1.3% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
DLNG3.8%
6.8%
28.1%
3.480.480.7592%120.7M0%20%72\/At resistance1260.1%
INSW2.8%
1.7%
0.6%
4.710.561.592.6B4%97%52\/2200.1%
TK2.8%
0.0%
-1.8%
4.650.720.23660.3M3%27%47\/\/Below support2200.2%
CMRE2.3%
-0.7%
-2.6%
3.71-0.21.023.17108%1.3B3%28%45\/-\/2200.1%
SFL2.0%
1.0%
-4.6%
19.17-1.331.132.241.8B2%27%46\/\/At support2200.2%
ASC1.9%
0.0%
-3.1%
-0.190.390.57645.2M3%78%46\/-2200.0%
EDRY1.9%
2.5%
-7.1%
1.812.6657.8M1%12%44\-/Below support520.1%
GLNG1.9%
0.8%
2.5%
-57.35-0.891.083.222.6B5%74%64\/-Above resistance220-0.0%
DHT1.8%
-1.0%
3.0%
11.3314.420.981.92-84%1.8B6%56%49\/-/1460.1%
TNK1.8%
-2.0%
-0.7%
3.8-2.650.450.701.7B4%31%48\-/2200.2%
TRMD1.7%
-7.4%
-2.9%
0.630.863B82%41\/-/1570.3%
GASS1.6%
-0.3%
-4.7%
1.630.190.73-75%223.7M0%53%43/-/Below support1190.2%
KNOP1.6%
-1.7%
-4.0%
0.681.052.29173.6M1%24%43\/\86-0.1%
STNG1.6%
-2.0%
-3.7%
0.10.581.573.7B5%47%46\/-/At support1460.4%
DAC1.4%
1.0%
2.3%
1.231.093.05920%1.4B10%24%53-/-2200.1%
GNK1.3%
0.0%
3.7%
0.091.042.24878.5M3%62%54\/-\/At resistance2200.1%
FRO1.0%
-4.1%
2.0%
6.680.540.991.61-83%5.1B4%25%46\/2200.2%
ESEA0.9%
-6.0%
-9.6%
2.120.535.303.2294%234.4M5%4%40\/Below support1700.4%
KEX0.9%
-2.1%
5.2%
25.7619.421.201.835.6B3%97%56\/Above resistance2200.1%
LPG0.9%
1.1%
6.6%
5.290.480.621.8850%1.6B10%79%55\/Below support2200.4%
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
Detail Performance Summary
  • 1M winners are : Winners for past month are $DLNG 28.1%, $EURN 11.3%, $LPG 6.6%, $KEX 5.2%, $PSHG 4.8%
  • 1M losers are : Losers for past month are $SFL -4.6%, $GASS -4.7%, $CPLP -5.6%, $EDRY -7.1%, $ESEA -9.6%
  • 1W winners are : Winners for past week are $DLNG 6.8%, $CPLP 2.5%, $EDRY 2.5%, $SB 2.1%, $INSW 1.7%
  • 1W losers are : Losers for past week are $NMM -3.8%, $FRO -4.1%, $ESEA -6.0%, $TRMD -7.4%, $PSHG -10.4%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 22.4%, for the past 3 months is 18.9%

In the past month for a 5 days rolling window, the highest corrrelation is 42.0%, the lowest correlation is -1.4%, the latest correlation is 19.2%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 88.0% between GNK and GOGL

The lowest correlation is -50.3% between EURN and GASS

Stock news

    SFL Corporation Ltd. (NYSE: SFL) ("SFL" or the "Company") has today notified Nordic Trustee AS that it will exercise the call option to redeem all outstanding bonds under its senior secured bond issue 2019/2024 with ISIN NO0010853609. Reference is made to the attached notice from Nordic Trustee AS for further information about the call option. April 19, 2024 The Board of DirectorsSFL Corporation Ltd.Hamilton, Bermuda Investor and Analyst Contacts:Aksel Olesen, Chief Financial Officer, SFL Manage

    Here is how Air Lease (AL) and Costamare (CMRE) have performed compared to their sector so far this year.

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

    If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

    The latest trading day saw Safe Bulkers (SB) settling at $4.77, representing a +1.27% change from its previous close.

    In the most recent trading session, Danaos (DAC) closed at $71.96, indicating a -0.15% shift from the previous trading day.

    NEW YORK, April 18, 2024--GK Investor LLC ("GK"), an affiliate of George Economou that is an approximately 5.3% shareholder of Genco Shipping & Trading Limited ("Genco" or the "Company") (NYSE: GNK), today announced that it has filed its definitive proxy statement with the U.S. Securities and Exchange Commission in connection with Genco’s 2024 Annual Meeting of Shareholders (the "Annual Meeting"), scheduled for May 23, 2024. In addition, GK is sending a letter to the Company’s shareholders which

    ATHENS, Greece, April 18, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Bohai Shipping (HEBEI) Co., Ltd, for one of its Capesize dry bulk vessels, the m/v P. S. Palios. The gross charter rate is US$27,150 per day, minus a 5% commission paid to third parti

    International Seaways (INSW) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

    If you are looking for stocks that are well positioned to maintain their recent uptrend, Kirby (KEX) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.