IMPP vs STNG: Correlation
Measured on weekly returns over the past three years, Imperial Petroleum Inc. (IMPP) and Scorpio Tankers Inc. (STNG) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMPP and STNG?
Across a 3-year window, the weekly returns of IMPP and STNG correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.45 over 3. Stretching to 5 years gives 0.22, with an annualized covariance of 860.6 %².
Within IMPP's tracked universe of 11 assets, STNG comes in at #4 by 3-year correlation. The trailing year gives STNG the advantage: +53.3% versus +58.3%, a 5.0-point spread.
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.
IMPP vs STNG: side by side
| IMPP (Imperial Petroleum Inc.) | STNG (Scorpio Tankers Inc.) | |
|---|---|---|
| 1-year return | +53.3% | +58.3% |
| 5-year return | -95.5% | +454.0% |
| Volatility (ann.) | 51.6% | 36.8% |
| Beta vs S&P 500 | 0.12 | 0.42 |
| Max drawdown (3Y) | -49.8% | -61.0% |
| Market cap | $0.2B | $3.9B |
| P/E (trailing) | 3.1 | 4.7 |
| Dividend yield | 0.00% | 2.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMPP | STNG |
|---|---|---|
| 2022 | -88.7% | +325.5% |
| 2023 | -27.0% | +15.4% |
| 2024 | +14.0% | -16.3% |
| 2025 | +20.3% | +5.3% |
| 2026 | +39.8% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMPP and STNG good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IMPP and STNG?
The IMPP/STNG correlation stands at 0.45 on a 3-year window (1 year: 0.41, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is STNG a good diversifier for IMPP?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/impp-vs-stng.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/impp-vs-stng/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMPP correlations · STNG correlations
