Pair Trades for DAC (NYSE) - Danaos Corporation
Pair Trades are recommended against US Stocks, ETFs or Funds (min. 1+ Year Historical Data and ≥300k Daily Trading Volume)Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| GOGL nasdaq | -57.7% | 1.10 | Marine Transportatio.. |
| ZIM nyse | -56.8% | -6.96 | Marine Transportatio.. |
| GNK nyse | -38.2% | 0.17 | Marine Transportatio.. |
| SBLK nasdaq | -36.0% | 0.77 | Marine Transportatio.. |
| DSX nyse | 5.8% | -1.95 | Marine Transportatio.. |
| SB nyse | 24.9% | 0.37 | Marine Transportatio.. |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SKYW nasdaq | 94.7% | 2.94 | Passenger Airlines |
| APG nyse | 94.4% | 1.51 | Construction & Engin.. |
| CNM nyse | 94.1% | 1.89 | Trading Companies &.. |
| BECN nasdaq | 94.0% | 0.91 | Trading Companies &.. |
| OC nyse | 93.6% | 1.11 | Building Products |
| WMS nyse | 93.0% | 0.87 | Building Products |
| MSM nyse | 92.9% | -0.20 | Trading Companies &.. |
| PCAR nasdaq | 92.8% | 1.61 | Construction Machine.. |
| FERG nyse | 92.4% | 1.01 | Trading Companies &.. |
| PH nyse | 92.4% | 1.51 | Industrial Machinery.. |
| CLH nyse | 92.2% | -0.01 | Environmental & Faci.. |
| IR nyse | 91.4% | 0.75 | Industrial Machinery.. |
| PRIM nasdaq | 91.3% | 0.03 | Construction & Engin.. |
| PRIM nyse | 91.3% | 0.03 | Construction & Engin.. |
| SAIA nasdaq | 90.8% | 2.21 | Trucking |
| FLS nyse | 90.8% | 0.08 | Industrial Machinery.. |
| ETN nyse | 90.7% | 1.33 | Electrical Component.. |
| LII nyse | 90.4% | 2.55 | Building Products |
| WWD nasdaq | 90.2% | 1.32 | Industrial Machinery.. |
| NVT nyse | 90.0% | 0.81 | Electrical Component.. |
| PNR nyse | 89.9% | 0.35 | Industrial Machinery.. |
| BLDR nyse | 89.8% | 0.83 | Building Products |
| XPO nyse | 89.8% | 4.65 | Air Freight & Logist.. |
| CXT nyse | 89.7% | -1.49 | Industrial Machinery.. |
| TREX nyse | 89.6% | 1.58 | Building Products |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| UP nyse | -78.3% | -3.96 | Trucking |
| MRCY nasdaq | -77.9% | -2.73 | Aerospace & Defense |
| SMR nyse | -76.4% | -10.33 | Industrial Machinery.. |
| BLNK nasdaq | -75.6% | -8.82 | Automotive Retail |
| PL nyse | -75.1% | -7.02 | Industrial Machinery.. |
| FCEL nasdaq | -72.1% | -6.94 | Electrical Component.. |
| TPIC nasdaq | -71.4% | -15.88 | Heavy Electrical Equ.. |
| SHYF nasdaq | -71.4% | -9.14 | Industrial Machinery.. |
| DFLI nasdaq | -71.3% | -16.52 | Industrial Machinery.. |
| TTC nyse | -71.0% | -2.75 | Agricultural & Farm.. |
| EVTL nyse | -70.8% | -11.46 | Aerospace & Defense |
| ADT nyse | -68.6% | -0.71 | Specialized Consumer.. |
| CYRX nasdaq | -68.5% | -3.83 | Health Care Equipmen.. |
| BLDP nasdaq | -66.7% | -2.48 | Electrical Component.. |
| XOS nasdaq | -66.5% | 28.42 | Industrial Machinery.. |
| SST nyse | -66.1% | -12.01 | Interactive Media &.. |
| RTX nyse | -65.4% | -2.55 | Aerospace & Defense |
| ULCC nasdaq | -65.2% | -8.10 | Passenger Airlines |
| BZ nasdaq | -64.9% | -0.65 | Interactive Media &.. |
| TBI nyse | -64.5% | -2.85 | Human Resource & Emp.. |
| ESGL nyse arca | -64.5% | -28.23 | Waste Management |
| ESGL nasdaq | -64.5% | -28.23 | Waste Management |
| BE nyse | -63.2% | -1.14 | Heavy Electrical Equ.. |
| TITN nasdaq | -62.5% | -1.93 | Trading Companies &.. |
| LLAP nyse | -62.2% | -4.69 | Industrial Machinery.. |