Frontier Developments Correlations

FRRDF Stock

USD 7.30 0.00 0.00%

The current 90-days correlation between Frontier Developments plc and EML Payments Limited is 0.03 (i.e., Significant 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

Average diversification

The correlation between Frontier Developments plc and DJI is 0.15 (i.e., Average 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

0.69	NEXOY	Nexon Co	Pair Corr
0.73	NEXOF	NEXON	Pair Corr
0.71	ACN	Accenture plc	Pair Corr
0.63	JPM	JPMorgan Chase	Pair Corr
0.65	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.66	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.63	CAT	Caterpillar	Pair Corr
0.61	AA	Alcoa Corp Earnings Call This Week	Pair Corr

Moving against Frontier Pink Sheet

0.68	RBLX	Roblox Corp	Pair Corr
0.66	NTDOF	Nintendo	Pair Corr
0.65	NTDOY	Nintendo Co ADR	Pair Corr
0.45	STI	Solidion Technology	Pair Corr
0.38	NTES	NetEase	Pair Corr
0.68	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.61	MSFT	Microsoft	Pair Corr
0.54	T	ATT Inc	Pair Corr
0.52	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	AKAFF	AXNVF	DUSXF	RMDEF	EMCHF	WSKEF	SEEMF	GENTF	SCFR	KACPF
AKAFF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AKAFF
AXNVF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AXNVF
DUSXF	0.0	0.0		1.0	0.0	0.0	0.0	0.0	0.0	0.0	DUSXF
RMDEF	0.0	0.0	1.0		0.0	0.0	0.0	0.0	0.0	0.0	RMDEF
EMCHF	0.0	0.0	0.0	0.0		-0.54	-0.55	0.02	0.46	0.0	EMCHF
WSKEF	0.0	0.0	0.0	0.0	-0.54		0.57	0.19	-0.34	0.0	WSKEF
SEEMF	0.0	0.0	0.0	0.0	-0.55	0.57		0.48	-0.23	0.0	SEEMF
GENTF	0.0	0.0	0.0	0.0	0.02	0.19	0.48		0.15	0.0	GENTF
SCFR	0.0	0.0	0.0	0.0	0.46	-0.34	-0.23	0.15		0.0	SCFR
KACPF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		KACPF
	AKAFF	AXNVF	DUSXF	RMDEF	EMCHF	WSKEF	SEEMF	GENTF	SCFR	KACPF

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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

RMDEF	+ 1.0	DUSXF
SEEMF	+ 0.57	WSKEF
GENTF	+ 0.48	SEEMF
SCFR	+ 0.46	EMCHF
GENTF	+ 0.19	WSKEF
SCFR	+ 0.15	GENTF

High negative correlations

SEEMF	- 0.55	EMCHF
WSKEF	- 0.54	EMCHF
SCFR	- 0.34	WSKEF
SCFR	- 0.23	SEEMF
KACPF	- 0.0	SCFR
KACPF	- 0.0	GENTF

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
AKAFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AXNVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DUSXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RMDEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EMCHF	0.23	(0.14)	0.00	(1.51)	0.00	0.00	0.00	0.00	7.81
WSKEF	30.79	20.27	0.00	(0.27)	0.00	0.00	0.00	0.00	1,040
SEEMF	6.81	1.20	0.11	7.07	6.75	(10.94)	19.62	(15.00)	38.43
GENTF	0.36	0.20	0.00	(0.71)	0.00	0.00	0.00	0.00	11.46
SCFR	0.89	(0.05)	0.00	0.19	0.00	0.00	0.00	(6.67)	14.84
KACPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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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