MARKET COMPOSITE
Market TodayThemes and Stocks SummaryThematic Stock SearchCrypto SummaryFAQAbout
Marine Shipping Stocks$114.33
-1.05%4:00PM 03/22/2023
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 @ 16:45:45 PM 03/23/2023
Summary :
Average return is up 0.7%
Median return is up 0.3%
23 out of 38 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • Marine Shipping stocks down 1.0% on average while median return down 1.4% in a day
  • Marine Shipping stocks up 1.2% on average while median return up 1.3% in a week
  • Marine Shipping stocks down 5.1% on average while median return down 5.3% 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

Click on + to show price series and click on ticker for stock detail page

Ticker
1 Day Return
1 Week Return
1 Month Return
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 %)
TK6.0%
14.9%
23.1%
29.590.720.23650.8M3%27%66\/-\/Above resistance1670.5%
TNK3.0%
6.2%
19.5%
35.73-2.650.450.701.3B4%31%61\-/Above resistance1670.6%
OSG0.8%
8.8%
4.6%
0.500.46324.6M4%50%59/\/1670.3%
ESEA0.7%
3.0%
3.5%
1.430.535.303.2294%129.7M5%4%47/-\207-0.2%
CPLP0.4%
2.0%
-8.9%
0.370.531.6063%254.7M0%17%42/\At support177-0.0%
DAC0.4%
-2.6%
-8.6%
1.231.093.05920%1.1B10%24%37-\-167-0.2%
GASS0.2%
-2.4%
-6.8%
1.630.190.73-75%101.4M0%53%41/-131-0.0%
TRMD0.2%
11.0%
9.7%
0.630.86954.7M82%59-/At resistance1040.4%
GLOP-0.1%
1.3%
-9.7%
-0.180.260.49150%425M4%18%46\/1670.3%
NVGS-0.4%
10.0%
2.5%
147.841.020.631.771.1B0%28%58\/-/1670.1%
ATCO-0.5%
-0.5%
0.0%
7.520.92.2188%3.8B7%55%48/-\/1550.2%
PXS-0.6%
-1.1%
1.2%
0.621.5555.1M2%21%46\/Below support940.3%
GRIN-0.8%
-5.4%
-23.7%
0.990.76214.1M0%27%25/\Below support142-0.3%
NMM-0.8%
1.8%
-7.0%
0.090.542.47722.6M0%7%39\/-333-0.0%
CMRE-0.9%
-4.3%
-6.0%
2.32-0.21.023.17108%1.1B3%28%37\/\167-0.1%
GLBS-0.9%
-2.9%
-5.3%
0.374.5511.4M8%3%40\52-0.1%
EURN-1.1%
5.2%
6.2%
0.870.791.493.9B1%37%52/\68-0.1%
DHT-1.3%
2.2%
2.0%
-543.4114.420.981.92-84%1.8B6%56%53\/930.2%
INSW-1.4%
5.3%
-1.6%
5.650.561.592.2B4%97%47\/\/Below support1670.5%
STNG-1.4%
2.6%
-7.2%
0.10.581.573.3B5%47%48\-/At support930.2%

* 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.

Related ETFs (click on ticker for stock detail page)

leak data

  • 1M winners are : Winners for past month are $TK 23.1%, $TNK 19.5%, $NAT 11.4%, $SB 10.9%, $TRMD 9.7%
  • 1M losers are : Losers for past month are $NM -17.3%, $EGLE -19.6%, $KNOP -20.0%, $GRIN -23.7%, $PSHG -69.9%
  • 1W winners are : Winners for past week are $PSHG 17.4%, $TK 14.9%, $TRMD 11.0%, $NVGS 10.0%, $OSG 8.8%
  • 1W losers are : Losers for past week are $GNK -5.0%, $GRIN -5.4%, $NM -6.1%, $TNP -8.4%, $KNOP -16.9%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 44.1%, for the past 3 months is 28.8%

In the past month for a 5 days rolling window, the highest corrrelation is 61.7%, the lowest correlation is 2.4%, the latest correlation is 53.4%

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 87.5% between ASC and LPG

The lowest correlation is -37.3% between EDRY and GLOP

Stock news

    03/20/2023LPG
    16 Top Growth Stocks Expecting A 50% To 439% Rise This Year

    Palo Alto Networks and Salesforce lead this list of 16 top-rated growth stocks eyeing 50% to 439% EPS growth this year.

    03/16/2023TNP
    TEN Ltd. Reports Record Profits for Fourth Quarter and Year-End 2022 and Declares Annual Dividend of $0.60 Per Common Share

    Year revenues at $860 million and record profits of $204.2 million (EPS at $6.02 for 2022) 240% increase in annual EBITDA 140% increase in common stock dividend Dynamic fleet renewal - Boosts sale & purchase activity Strong market fundamentals remain - Over $1.2 billion in minimum contracted revenue ATHENS, Greece, March 16, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE: TNP) (the “Company”) reports results (unaudited) for the fourth quarter and the year ended December 31, 2022. FINANCIAL RESUL

    03/16/2023CMRE
    Neptune Maritime Leasing Announces Investment From Costamare Inc.

    ST HELIER, Jersey, March 16, 2023 (GLOBE NEWSWIRE) -- Neptune Maritime Leasing Limited (“Neptune Leasing” or the “Company”) is pleased to announce that Costamare Inc., (“Costamare”) (NYSE: CMRE), has agreed to become the leading investor in Neptune Leasing through the investment of an amount of up to $200M. Costamare will be appointing three additional members to the Board of Neptune Leasing, including Vassilis Mantzavinos, an experienced shipping banker. Nikoletta Fouska, Chief Investment Offic

    03/16/2023ATCO
    Atlas Files 2022 Annual Report on Form 20-F

    Atlas Corp. ("Atlas") (NYSE: ATCO) today announced that it has filed its 2022 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2022, with the Securities and Exchange Commission on EDGAR. These documents will also be available under the Investor Relations section of our website, and a hard copy will be provided to shareholders free of charge upon written request to IR@atlascorporation.com.

    03/16/2023PXS
    Pyxis Tankers Announces Financial Results for the Three Months and Year Ended December 31, 2022

    Maroussi, Greece, March 16, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company” or “Pyxis Tankers”), an international pure-play product tanker company, today announced unaudited results for the three months and year ended December 31, 2022. Summary For the three months ended December 31, 2022, our Revenues, net were $18.4 million. For the same period, our time charter equivalent (“TCE”) revenues were $13.8 million, an increase of approximately $10.0 million or 256% from the comparab

    03/16/2023CMRE
    Costamare Inc. Announces Investment in Neptune Maritime Leasing Limited

    MONACO, March 16, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) has agreed to become the leading investor in Neptune Maritime Leasing Limited (“Neptune Leasing”) through the investment of an amount of up to $200 million. Neptune Leasing is a growth-oriented maritime leasing platform providing flexible financing solutions to shipowners, which was established in 2021 by seasoned financier Harris Antoniou, who will continue as CEO. Mr. Vassilis Mantzavinos, an

    03/15/2023GLOP
    Safe Bulkers Announces Appointments to the Board of Directors

    MONACO, March 15, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers” or the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that, on recommendation of the Corporate Governance, Nominating and Compensation Committee, the Board of Directors of the Company (the “Board”) voted to expand the size of the Board from seven directors to nine directors and to elect Kristin H. Holth and Marina Hajioannou to fill the new positions, effecti

    03/15/2023KEX
    Here's Why Kirby (KEX) is a Strong Value Stock

    Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

    03/15/2023GLBS
    Globus Maritime Announces Agreement to Sell the Sun Globe, a Supramax Vessel

    GLYFADA, Greece, March 15, 2023 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus” or the “Company”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that, through a wholly owned subsidiary, it has entered into a binding agreement to sell to an unaffiliated third party its 2007-built supramax vessel, of 58,790 dwt, the m/v Sun Globe, for a gross price of US$ 14.1 million before commissions and expenses. The vessel is expected to be delivered to its new owner between May 1, 2023, a

    03/15/2023GLNG
    Golar closes acquisition of New Fortress Energy stake in FLNG Hilli

    Further to the announcement on February 6, 2023, Golar LNG Limited (“Golar”) is pleased to confirm today that the agreement to acquire New Fortress Energy Inc.’s (“NFE”) interest in FLNG Hilli, effective January 1, 2023, has closed. In return for NFE’s 50% Common Unit holding in Golar Hilli LLC, Golar has transferred its remaining 4.1 million NFE shares to NFE, paid NFE $100 million in cash, and assumed approximately $323 million of FLNG Hilli debt. FORWARD LOOKING STATEMENTS This press release