FREYR Battery Correlations

Stocks . USA . 
Stock . FREYR Battery SA
FREY Stock  USD 2.53  0.33  15.00%   
The current 90-days correlation between FREYR Battery SA and Solid Power is 0.09 (i.e., Significant diversification). The correlation of FREYR Battery is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

FREYR Battery Correlation With Market

Very weak diversification

The correlation between FREYR Battery SA and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FREYR Battery SA and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FREYR Battery SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with FREYR Stock

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Moving against FREYR Stock

  0.72FLUX Flux Power HoldingsPairCorr
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  0.46EOSE Eos Energy Enterprises Buyout TrendPairCorr
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  0.82LSCG Lighting SciencePairCorr
  0.34SDST Stardust Power Symbol ChangePairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FLNC
+ 0.4
LICY
FLNC
+ 0.16
ENVX
LICY
+ 0.15
ENVX
ENVX
+ 0.14
SLDP
  
High negative correlations   
LICY
- 0.46
SLDP
MVST
- 0.35
SLDP
MVST
- 0.31
ENVX
FLNC
- 0.21
SLDP
FLNC
- 0.12
MVST
LICY
- 0.05
MVST

Risk-Adjusted Indicators

There is a big difference between FREYR Stock performing well and FREYR Battery Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze FREYR Battery's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

FREYR Battery Corporate Management

Are BrautasetChief OfficerProfile
Jeffrey SpittelVice RelationsProfile
Gery BonduelleChief OfficerProfile
Amy JaickHead CommuicationProfile
Peter MatraiCoFounder DirectorProfile
Tove LjungquistEx OperationsProfile
Katrin BerntsenVP AffairsProfile
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