Frontier Developments Correlations

FRRDF Stock

USD 7.30 0.00 0.00%

The current 90-days correlation between Frontier Developments plc and UbiSoft Entertainment is -0.18 (i.e., Good diversification). The correlation of Frontier Developments 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.

Frontier Developments Correlation With Market

Good diversification

The correlation between Frontier Developments plc and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frontier Developments plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Frontier Developments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Frontier Developments when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Frontier Developments - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Frontier Developments plc to buy it.

Moving together with Frontier Pink Sheet

0.68	RLMD	Relmada Therapeutics	Pair Corr
0.69	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.66	HL	Hecla Mining	Pair Corr
0.65	STAG	STAG Industrial	Pair Corr
0.72	AAL	American Airlines	Pair Corr
0.77	CX	Cemex SAB de Sell-off Trend	Pair Corr
0.81	HMDCF	HUTCHMED Limited	Pair Corr
0.67	KYOCF	Kyocera	Pair Corr
0.76	CHACR	Crane Harbor Acquisition	Pair Corr

Moving against Frontier Pink Sheet

0.64	CHHE	China Health Industries	Pair Corr
0.52	NTES	NetEase	Pair Corr
0.52	NETTF	NetEase Inc	Pair Corr
0.48	TTWO	Take Two Interactive	Pair Corr
0.44	RBLX	Roblox Corp	Pair Corr
0.32	TAK	Takeda Pharmaceutical	Pair Corr
0.32	26442TAG2	US26442TAG22	Pair Corr
0.36	SWRM	Appswarm	Pair Corr

Related Correlations Analysis

	BOYAF	UBSFY	BVSFF	UBSFF	OKIEY	IGGGF	SWDHY	EGHSF
BOYAF		0.77	-0.42	0.72	-0.67	0.44	0.0	0.06	BOYAF
UBSFY	0.77		-0.33	0.96	-0.69	0.57	0.0	0.07	UBSFY
BVSFF	-0.42	-0.33		-0.29	0.14	-0.19	0.0	-0.15	BVSFF
UBSFF	0.72	0.96	-0.29		-0.75	0.56	0.0	0.1	UBSFF
OKIEY	-0.67	-0.69	0.14	-0.75		-0.36	0.0	-0.11	OKIEY
IGGGF	0.44	0.57	-0.19	0.56	-0.36		0.0	-0.04	IGGGF
SWDHY	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SWDHY
EGHSF	0.06	0.07	-0.15	0.1	-0.11	-0.04	0.0		EGHSF
	BOYAF	UBSFY	BVSFF	UBSFF	OKIEY	IGGGF	SWDHY	EGHSF

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

UBSFF	+ 0.96	UBSFY
UBSFY	+ 0.77	BOYAF
UBSFF	+ 0.72	BOYAF
IGGGF	+ 0.57	UBSFY
IGGGF	+ 0.56	UBSFF
IGGGF	+ 0.44	BOYAF

High negative correlations

OKIEY	- 0.75	UBSFF
OKIEY	- 0.69	UBSFY
OKIEY	- 0.67	BOYAF
BVSFF	- 0.42	BOYAF
IGGGF	- 0.36	OKIEY
BVSFF	- 0.33	UBSFY

Risk-Adjusted Indicators

There is a big difference between Frontier Pink Sheet performing well and Frontier Developments 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 Frontier Developments' 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
BOYAF	1.87	(1.04)	0.00	(1.06)	0.00	0.00	0.00	0.00	39.24
UBSFY	2.49	(0.78)	0.00	(0.35)	0.00	0.00	6.43	(5.67)	16.02
BVSFF	2.22	1.15	0.00	5.48	0.00	0.00	0.87	0.00	66.38
UBSFF	3.65	(0.84)	0.00	(0.27)	0.00	0.00	10.71	(10.06)	32.91
OKIEY	0.35	0.09	0.00	0.24	0.00	0.00	0.00	0.00	13.49
IGGGF	0.48	(0.27)	0.00	(1.10)	0.00	0.00	0.00	0.00	8.93
SWDHY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGHSF	1.10	(0.01)	(0.02)	0.06	1.54	(1.12)	1.85	(2.57)	6.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in Frontier Developments without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Frontier Developments Corporate Management

Yvonne Dawes	Head HR	Profile
David OBE	CEO Founder	Profile
Alexander Bevis	Company CFO	Profile
Jonathan Watts	Chief Director	Profile

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