Frontline Correlations

FRO Stock  USD 18.41  0.12  0.66%   
The current 90-days correlation between Frontline and Plains GP Holdings is 0.09 (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

Good diversification

The correlation between Frontline and DJI is -0.06 (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.
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 metropolitan statistical area.
To learn how to invest in Frontline Stock, please use our How to Invest in Frontline guide.

Moving together with Frontline Stock

  0.64AM Antero Midstream PartnersPairCorr
  0.89TK TeekayPairCorr
  0.69DLNG Dynagas LNG PartnersPairCorr
  0.7IMPPP Imperial PetroleumPairCorr
  0.84DHT DHT HoldingsPairCorr
  0.72DTM DT MidstreamPairCorr
  0.67EPD Enterprise ProductsPairCorr
  0.69GEL Genesis Energy LPPairCorr
  0.61KMI Kinder MorganPairCorr
  0.7LPG Dorian LPGPairCorr
  0.69NGL NGL Energy PartnersPairCorr
  0.63PBT Permian Basin RoyaltyPairCorr
  0.68GLOP-PB GasLog Partners LPPairCorr
  0.76GLOP-PC GasLog Partners LPPairCorr
  0.77TEN Tsakos Energy NavigationPairCorr
  0.84TNK Teekay TankersPairCorr
  0.62HESM Hess Midstream Partners Buyout TrendPairCorr
  0.7IMPP Imperial PetroleumPairCorr
  0.86INSW International SeawaysPairCorr
  0.7SEAL-PB Seapeak LLCPairCorr
  0.61SEAL-PA Seapeak LLCPairCorr

Moving against Frontline Stock

  0.43SMC Summit Midstream Symbol ChangePairCorr
  0.39CQP Cheniere Energy PartnersPairCorr
  0.46BANL CBL InternationalPairCorr

Related Correlations Analysis

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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   
PAGPPAA
ETEE
VGTK
DLNGAM
DLNGTK
ETAM
  
High negative correlations   
AMPAGP
AMPAA

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MPLX  0.82  0.01 (0.06) 0.15  0.99 
 2.20 
 5.24 
PAA  1.19  0.12  0.04  0.37  1.25 
 2.96 
 6.51 
PAGP  1.23  0.10  0.03  0.34  1.33 
 2.80 
 6.91 
WES  1.11  0.07  0.01  0.26  1.30 
 2.98 
 6.06 
AM  1.04  0.08  0.01  0.30  1.32 
 1.93 
 7.98 
EE  1.57  0.00 (0.06) 0.11  1.74 
 3.38 
 13.65 
ET  1.23  0.00 (0.03) 0.14  1.42 
 2.86 
 8.93 
TK  1.76  0.49  0.18 (2.00) 1.52 
 3.84 
 9.34 
VG  3.53  1.05  0.24  6.97  3.41 
 8.18 
 34.05 
DLNG  1.77  0.03 (0.02) 0.20  1.93 
 4.29 
 9.22 

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 KlempChief Financial Officer of Frontline Management AS, Principal Financial OfficerProfile