Frontline Correlations

FRO Stock

USD 28.58 0.27 0.95%

The current 90-days correlation between Frontline and South Bow is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Frontline moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Frontline moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Frontline Correlation With Market

Average diversification

The correlation between Frontline and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frontline and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Frontline Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Frontline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

To learn how to invest in Frontline Stock, please use our How to Invest in Frontline guide.

Moving together with Frontline Stock

0.67	EE	Excelerate Energy	Pair Corr
0.69	SUN	Sunoco LP	Pair Corr
0.77	UGP	Ultrapar Participacoes	Pair Corr
0.71	PPL	Pembina Pipeline Corp	Pair Corr
0.71	PKX	POSCO Holdings	Pair Corr
0.74	EC	Ecopetrol SA ADR	Pair Corr
0.62	BNAI	Brand Engagement Network Trending	Pair Corr
0.62	RCAT	Red Cat Holdings	Pair Corr

Moving against Frontline Stock

0.41	PUTKY	United Tractors Tbk	Pair Corr
0.34	ADHI	Arsenal Digital Holdings	Pair Corr
0.43	377320AA4	US377320AA45	Pair Corr
0.38	CP	Canadian Pacific Railway	Pair Corr

Related Correlations Analysis

	SOBO	CHRD	WFRD	NOV	CNX	NE	VIST	TGS	MTDR	CRK
SOBO		0.6	0.43	0.4	0.55	0.35	0.45	0.54	0.64	0.47	SOBO
CHRD	0.6		0.54	0.55	0.65	0.72	0.57	0.62	0.83	0.32	CHRD
WFRD	0.43	0.54		0.94	0.16	0.65	0.42	0.24	0.54	0.02	WFRD
NOV	0.4	0.55	0.94		0.18	0.77	0.49	0.19	0.56	0.09	NOV
CNX	0.55	0.65	0.16	0.18		0.32	0.41	0.39	0.73	0.75	CNX
NE	0.35	0.72	0.65	0.77	0.32		0.71	0.35	0.56	0.27	NE
VIST	0.45	0.57	0.42	0.49	0.41	0.71		0.47	0.49	0.36	VIST
TGS	0.54	0.62	0.24	0.19	0.39	0.35	0.47		0.46	0.11	TGS
MTDR	0.64	0.83	0.54	0.56	0.73	0.56	0.49	0.46		0.37	MTDR
CRK	0.47	0.32	0.02	0.09	0.75	0.27	0.36	0.11	0.37		CRK
	SOBO	CHRD	WFRD	NOV	CNX	NE	VIST	TGS	MTDR	CRK

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Risk-Adjusted Indicators

There is a big difference between Frontline Stock performing well and Frontline 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 Frontline'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SOBO	1.19	0.16	0.08	(1.56)	1.32	(1.28)	2.27	(2.41)	8.35
CHRD	1.62	0.14	0.05	4.76	2.05	(1.60)	3.53	(3.61)	9.20
WFRD	1.93	0.43	0.21	0.45	1.79	(2.26)	3.82	(3.38)	13.20
NOV	1.86	0.40	0.18	0.34	1.87	(2.18)	4.99	(3.46)	12.79
CNX	1.57	0.27	0.14	1.98	1.60	(1.91)	3.38	(2.77)	8.32
NE	1.79	0.25	0.11	0.35	1.87	(2.07)	4.36	(2.86)	13.91
VIST	2.15	0.66	0.25	2.61	1.80	(2.40)	6.03	(3.43)	23.65
TGS	1.67	0.04	0.02	0.09	1.66	(2.04)	4.45	(3.06)	7.71
MTDR	1.67	0.20	0.09	0.36	2.00	(1.81)	3.10	(4.01)	9.03
CRK	2.89	0.53	0.13	1.15	3.59	(2.97)	5.60	(5.83)	16.77

Frontline Corporate Executives

Elected by the shareholders, the Frontline's board of directors comprises two types of representatives: Frontline inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Frontline. The board's role is to monitor Frontline's management team and ensure that shareholders' interests are well served. Frontline's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Frontline's outside directors are responsible for providing unbiased perspectives on the board's policies.

Inger Klemp

Chief Financial Officer of Frontline Management AS, Principal Financial Officer

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