Product Tanker Shipping

Product tanker cycle: aging fleet + ton-mile growth, 30-50% FCF yields at peak

Total Return

+9.0%

Sharpe Ratio

0.04

Max Drawdown

-25.8%

Win Rate

41.3%

Alpha

-20.2%

Comp. Score *

0.26

Risk Parameters

Max Allocation2.0%

Stop Loss38.7%

Take Profit15.0%

Max DD Tolerance25.8%

Rebalanceweekly

Execution Guidance

Order TypeLimit

Entry RuleBuy on golden cross (SMA50 > SMA200). These are CYCLE trades — timing matters.

TimingSAFE TO BUY. *

ScalingEnter 30% at signal, add 30% on confirmation, hold 40% for cycle peak.

Positions — Vol-Adjusted Sizing

Symbol	Action	Vol	Stop Loss	Take Profit	Size	Links
TRMD	FLAT	41%	40.0% below entry	25.9% above entry	1.2%	TV YH
FRO	FLAT	48%	40.0% below entry	30.2% above entry	1.0%	TV YH
STNG	FLAT	39%	40.0% below entry	24.9% above entry	1.2%	TV YH
INSW	FLAT	39%	40.0% below entry	24.7% above entry	1.2%	TV YH
TNK	FLAT	40%	40.0% below entry	24.9% above entry	1.2%	TV YH
DHT	FLAT	36%	40.0% below entry	22.4% above entry	1.3%	TV YH
HAFN	FLAT	40%	40.0% below entry	25.0% above entry	1.2%	TV YH
ASC	FLAT	38%	40.0% below entry	23.9% above entry	1.3%	TV YH

▶ For Passive Investors (Buy & Hold)

This strategy has moderate long-term potential but requires monitoring. - Take profit: Take profit at +50%. This strategy is inconsistent — capture gains when available. - Stop loss: Reduce position by 50% at -25% drawdown. Consistency is only 42%. - Exit rule: Exit when newbuild orders surge past 15% of fleet.

Avg 5Y Return

5.2%

Avg 5Y Sharpe

-0.19

10Y Return

-20.3%

10Y Sharpe

-0.2

HODL Composite

0.00

Consistency

42%

Suitable for passive