CISS vs SLNG: Correlation
Measured on weekly returns over the past three years, C3is Inc. (CISS) and Stabilis Solutions, Inc. (SLNG) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CISS and SLNG?
Over the past 3 years, CISS and SLNG moved with a correlation of 0.31, which is moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 45576.5 %².
By 3-year correlation, SLNG places #17 of the 42 assets tracked against CISS. Their recent paths diverged sharply: over the last 12 months SLNG outperformed by 143.0 percentage points (-99.5% for CISS against +43.5% for SLNG). Note the risk asymmetry: CISS runs 30.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CISS vs SLNG: side by side
| CISS (C3is Inc.) | SLNG (Stabilis Solutions, Inc.) | |
|---|---|---|
| 1-year return | -99.5% | +43.5% |
| 5-year return | n/a | -16.1% |
| Volatility (ann.) | 2098.5% | 69.9% |
| Beta vs S&P 500 | 2.24 | 0.39 |
| Max drawdown (3Y) | -100.0% | -58.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CISS | SLNG |
|---|---|---|
| 2022 | – | +25.8% |
| 2023 | – | -22.0% |
| 2024 | -98.9% | +28.9% |
| 2025 | -97.3% | -15.0% |
| 2026 | -93.4% | +28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CISS and SLNG good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CISS and SLNG?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.40 over the last year and n/a over 5 years.
Is SLNG a good diversifier for CISS?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CISS correlations · SLNG correlations
