Frontline (Norway) Market Value
| FRO Stock | NOK 216.80 0.50 0.23% |
| Symbol | Frontline |
Frontline 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Frontline's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Frontline.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Frontline on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Frontline or generate 0.0% return on investment in Frontline over 720 days. Frontline is related to or competes with BW Offshore, and Odfjell Drilling. Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide More
Frontline Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Frontline's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Frontline upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.56 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 3.78 |
Frontline Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Frontline's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Frontline's standard deviation. In reality, there are many statistical measures that can use Frontline historical prices to predict the future Frontline's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (1.09) |
Frontline Backtested Returns
Frontline secures Sharpe Ratio (or Efficiency) of -0.083, which denotes the company had a -0.083% return per unit of risk over the last 3 months. Frontline exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Frontline's Mean Deviation of 1.68, standard deviation of 2.23, and Variance of 4.96 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, Frontline's returns are expected to increase less than the market. However, during the bear market, the loss of holding Frontline is expected to be smaller as well. At this point, Frontline has a negative expected return of -0.18%. Please make sure to confirm Frontline's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Frontline performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Frontline has insignificant predictability. Overlapping area represents the amount of predictability between Frontline time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Frontline price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Frontline price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 549.88 |
Frontline lagged returns against current returns
Autocorrelation, which is Frontline stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Frontline's stock expected returns. We can calculate the autocorrelation of Frontline returns to help us make a trade decision. For example, suppose you find that Frontline has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Frontline regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Frontline stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Frontline stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Frontline stock over time.
Current vs Lagged Prices |
| Timeline |
Frontline Lagged Returns
When evaluating Frontline's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Frontline stock have on its future price. Frontline autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Frontline autocorrelation shows the relationship between Frontline stock current value and its past values and can show if there is a momentum factor associated with investing in Frontline.
Regressed Prices |
| Timeline |
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When determining whether Frontline offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Frontline's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Frontline Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Frontline Stock:Check out Frontline Correlation, Frontline Volatility and Frontline Alpha and Beta module to complement your research on Frontline. For more information on how to buy Frontline Stock please use our How to buy in Frontline Stock guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Frontline technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.