Frontline Correlations

FRO Stock

USD 21.61 0.82 3.94%

The current 90-days correlation between Frontline and Chord Energy Corp is 0.12 (i.e., Average 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

Good diversification

The correlation between Frontline and DJI is -0.01 (i.e., Good 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 population.

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

Moving together with Frontline Stock

0.76	DHT	DHT Holdings	Pair Corr
0.82	TNK	Teekay Tankers	Pair Corr
0.84	TRMD	Torm PLC Class	Pair Corr
0.73	NMRD	Nemaura Medical	Pair Corr

Moving against Frontline Stock

0.61	WF	Woori Financial Group	Pair Corr
0.45	OKE	ONEOK Inc	Pair Corr
0.35	DLNG	Dynagas LNG Partners	Pair Corr
0.32	TRGP	Targa Resources	Pair Corr
0.67	RKLB	Rocket Lab USA Buyout Trend	Pair Corr
0.64	SIDU	Sidus Space Trending	Pair Corr
0.58	EDRVY	EDP Renovveis SA	Pair Corr
0.52	SYF	Synchrony Financial	Pair Corr
0.5	DB	Deutsche Bank AG	Pair Corr
0.48	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.44	BAC-PL	Bank of America	Pair Corr
0.41	BROS	Dutch Bros	Pair Corr
0.38	SMXWW	SMX Public Limited	Pair Corr
0.37	FTV	Fortive Corp	Pair Corr

Related Correlations Analysis

	SOBO	CHRD	WFRD	NOV	CNX	NE	VIST	TGS	MTDR	CRK
SOBO		0.63	0.16	0.15	0.33	0.09	-0.11	-0.05	0.65	0.41	SOBO
CHRD	0.63		0.21	0.22	0.45	0.6	-0.01	-0.01	0.82	0.32	CHRD
WFRD	0.16	0.21		0.95	0.76	0.42	0.78	0.82	0.04	0.51	WFRD
NOV	0.15	0.22	0.95		0.81	0.54	0.86	0.88	0.02	0.63	NOV
CNX	0.33	0.45	0.76	0.81		0.66	0.75	0.73	0.36	0.84	CNX
NE	0.09	0.6	0.42	0.54	0.66		0.54	0.42	0.32	0.58	NE
VIST	-0.11	-0.01	0.78	0.86	0.75	0.54		0.97	-0.22	0.63	VIST
TGS	-0.05	-0.01	0.82	0.88	0.73	0.42	0.97		-0.19	0.55	TGS
MTDR	0.65	0.82	0.04	0.02	0.36	0.32	-0.22	-0.19		0.27	MTDR
CRK	0.41	0.32	0.51	0.63	0.84	0.58	0.63	0.55	0.27		CRK
	SOBO	CHRD	WFRD	NOV	CNX	NE	VIST	TGS	MTDR	CRK

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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

TGS	+ 0.97	VIST
NOV	+ 0.95	WFRD
TGS	+ 0.88	NOV
VIST	+ 0.86	NOV
CRK	+ 0.84	CNX
MTDR	+ 0.82	CHRD

High negative correlations

MTDR	- 0.22	VIST
MTDR	- 0.19	TGS
VIST	- 0.11	SOBO
TGS	- 0.05	SOBO
TGS	- 0.01	CHRD
VIST	- 0.01	CHRD

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	(0.04)	0.00	(0.10)	0.00	0.00	2.27	(3.08)	8.35
CHRD	1.64	(0.16)	0.00	(0.25)	0.00	0.00	2.62	(3.80)	9.26
WFRD	1.90	0.30	0.15	0.31	1.85	(2.27)	4.22	(3.49)	10.13
NOV	1.97	0.30	0.13	0.25	2.21	(2.22)	5.89	(4.47)	12.79
CNX	1.49	0.08	0.03	0.24	1.64	(1.71)	2.85	(2.77)	8.32
NE	1.83	(0.05)	(0.01)	0.03	2.38	(2.00)	4.03	(3.05)	13.91
VIST	2.12	0.52	0.18	0.99	2.05	(2.40)	6.62	(3.43)	23.65
TGS	2.54	0.62	0.33	0.50	1.59	(3.56)	4.52	(3.06)	40.09
MTDR	1.92	(0.15)	0.00	(0.14)	0.00	0.00	3.19	(4.50)	13.48
CRK	2.90	0.05	0.02	0.11	3.90	(2.74)	5.73	(6.88)	15.74

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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