SLNG vs TBN: Correlation
How closely do Stabilis Solutions, Inc. (SLNG) and Tamboran Resources Corporation (TBN) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLNG and TBN?
On 3 years of weekly data the SLNG/TBN correlation comes out at 0.32, moderate. The link has tightened recently: the 1-year correlation (0.47) runs above the 3-year figure (0.32). The 5-year figure is n/a, and annualized covariance runs at 1366.2 %².
TBN is one of the assets that tracks SLNG most closely: it ranks #2 out of the 12 assets we track against SLNG. The last year tells two different stories: TBN led by 43.2 percentage points, +43.5% for SLNG against +86.7% for TBN.
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.
SLNG vs TBN: side by side
| SLNG (Stabilis Solutions, Inc.) | TBN (Tamboran Resources Corporation) | |
|---|---|---|
| 1-year return | +43.5% | +86.7% |
| 5-year return | -16.1% | n/a |
| Volatility (ann.) | 69.9% | 52.6% |
| Beta vs S&P 500 | 0.39 | -0.08 |
| Max drawdown (3Y) | -58.7% | -38.6% |
| Market cap | $0.1B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLNG | TBN |
|---|---|---|
| 2022 | +25.8% | – |
| 2023 | -22.0% | – |
| 2024 | +28.9% | – |
| 2025 | -15.0% | +29.7% |
| 2026 | +28.4% | +38.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLNG and TBN good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SLNG and TBN?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.47 over the last year and n/a over 5 years.
Is TBN a good diversifier for SLNG?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/slng-vs-tbn.json
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Related comparisons
Hubs: SLNG correlations · TBN correlations
