Table 1 Correlation Matrix of Data
From: Technical analysis: the psychology of the market of dry bulk freight rates
Moving Average | GC. DWT ordered | 5000-7499 DWT General Cargo Fleet Development | 7500-9999 DWT General Cargo Fleet Development | 10,000-14,999 DWT General Cargo Fleet Development | 15,000-19,999 DWT General Cargo Fleet Development | 20,000+ DWT General Cargo Fleet Development | Total Sales | Total General Cargo Demolition | Global GDP | |
|---|---|---|---|---|---|---|---|---|---|---|
Moving Average | 1.00 | |||||||||
GC. DWT.ordered | 0.61 b | 1.00 | ||||||||
General Cargo Fleet Development | −0.10 b | 0.40 | 1.00 | |||||||
General Cargo Fleet Development | −0.19 b | 0.23 a | 0.98 | 1.00 | ||||||
General Cargo Fleet Development | −0.19 b | − 0.31 | −0.47 | − 0.47 | 1.00 | |||||
General Cargo Fleet Development | −0.08 b | − 0.37 | −0.83 | − 0.83 | 0.86 | 1.00 | ||||
Cargo Fleet Development | −0.20 | − 0.51 | −0.79 | − 0.76 | 0.83 | 0.98 | 1.00 | |||
Total Sales | 0.21 b | 0.23 | 0.37 | 0.39 | −0.34 | −0.49 | − 0.50 | 1.00 | ||
Total General Cargo Demolition | −0.37 b | − 0.38 | −0.38 | − 0.36 | 0.57 | 0.61 | 0.66 | −0.43 | 1.00 | |
Global GDP | 0.00 b | 0.43 a | 0.96 | 0.96 | − 0.57 | −0.91 | − 0.87 | 0.41 | − 0.60 | 1.00 |