Frontline Correlations

FRO Stock

USD 34.72 0.90 2.66%

The current 90-days correlation between Frontline and Eni SpA ADR 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

Very weak diversification

The correlation between Frontline and DJI is 0.49 (i.e., Very weak 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 real.

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

Moving together with Frontline Stock

0.85	AM	Antero Midstream Partners	Pair Corr
0.91	EE	Excelerate Energy	Pair Corr
0.95	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.94	TK	Teekay	Pair Corr
0.81	SRR	Source Rock Royalties	Pair Corr
0.8	AQ30	ALTAGAS LTD PRFG	Pair Corr
0.74	ENB	Enbridge	Pair Corr
0.89	G2O	Golar LNG Limited Earnings Call This Week	Pair Corr
0.82	KEY	Keyera Corp	Pair Corr
0.76	EN3	Enbridge	Pair Corr
0.71	TPZ	Topaz Energy Corp Earnings Call This Week	Pair Corr
0.89	P5P	Pembina Pipeline Corp Earnings Call This Week	Pair Corr
0.75	CHQ1	Cheniere Energy Earnings Call This Week	Pair Corr
0.96	TK41	Tsakos Energy Navigation	Pair Corr
0.81	K2Y	Keyera Corp	Pair Corr
0.9	ASC	Ardmore Shpng	Pair Corr
0.86	CQP	Cheniere Energy Partners	Pair Corr
0.89	OCW	Euronav NV Earnings Call This Week	Pair Corr
0.97	DHT	DHT Holdings	Pair Corr
0.9	DKL	Delek Logistics Partners	Pair Corr
0.78	DTM	DT Midstream	Pair Corr
0.77	ENB	Enbridge Sell-off Trend	Pair Corr
0.88	EPD	Enterprise Products	Pair Corr
0.82	ETP	Energy Transfer Partners	Pair Corr
0.84	GEL	Genesis Energy LP	Pair Corr
0.86	GLP	Global Partners LP Earnings Call This Week	Pair Corr
0.9	KMI	Kinder Morgan Aggressive Push	Pair Corr
0.88	KYN	Kayne Anderson MLP	Pair Corr
0.83	LNG	Cheniere Energy	Pair Corr
0.95	LPG	Dorian LPG	Pair Corr
0.97	NAT	Nordic American Tankers	Pair Corr
0.84	NGL	NGL Energy Partners	Pair Corr
0.83	OKE	ONEOK Inc Earnings Call Tomorrow	Pair Corr
0.86	PAA	Plains All American	Pair Corr
0.86	PBA	Pembina Pipeline Corp	Pair Corr
0.93	SFL	SFL Corporation	Pair Corr

Related Correlations Analysis

	SU	SLB	IMO	E
SU		0.93	0.9	0.95	SU
SLB	0.93		0.72	0.86	SLB
IMO	0.9	0.72		0.89	IMO
E	0.95	0.86	0.89		E
	SU	SLB	IMO	E

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
SU	1.13	0.36	0.23	13.61	0.89	(1.29)	2.44	(1.80)	5.05
SLB	1.74	0.42	0.29	0.38	1.26	(2.36)	4.46	(3.10)	12.54
IMO	1.61	0.28	0.12	0.53	1.69	(1.70)	3.84	(2.73)	8.06
E	1.07	0.21	0.12	0.71	1.16	(1.14)	2.04	(2.26)	6.47

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

Profile

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