FLNG vs TRMD: Correlation
Measured on weekly returns over the past three years, FLEX LNG Ltd. (FLNG) and TORM plc (TRMD) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNG and TRMD?
Across a 3-year window, the weekly returns of FLNG and TRMD correlate at 0.60, strong. The past 12 months show a weaker link (0.48) than the 3-year average (0.60). Stretching to 5 years gives 0.48, with an annualized covariance of 634.3 %².
In FLNG's tracked universe of 11 assets, TRMD sits right near the top at #2. Correlation aside, the last 12 months split them widely, with TRMD ahead by 32.8 points (+28.6% versus +61.4%).
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.
FLNG vs TRMD: side by side
| FLNG (FLEX LNG Ltd.) | TRMD (TORM plc) | |
|---|---|---|
| 1-year return | +28.6% | +61.4% |
| 5-year return | +261.5% | +679.6% |
| Volatility (ann.) | 26.8% | 39.6% |
| Beta vs S&P 500 | 0.26 | 0.60 |
| Max drawdown (3Y) | -25.4% | -60.6% |
| Market cap | $1.7B | $3.3B |
| P/E (trailing) | 16.0 | 5.2 |
| Dividend yield | 9.86% | 7.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLNG | TRMD |
|---|---|---|
| 2022 | +56.3% | +297.7% |
| 2023 | -1.2% | +31.6% |
| 2024 | -11.7% | -23.5% |
| 2025 | +26.4% | +11.3% |
| 2026 | +32.3% | +70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNG and TRMD good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FLNG and TRMD?
The FLNG/TRMD correlation stands at 0.60 on a 3-year window (1 year: 0.48, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is TRMD a good diversifier for FLNG?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flng-vs-trmd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flng-vs-trmd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLNG correlations · TRMD correlations
