Frontline Plc (FRO) Correlation Distribution
Across 6,809 rolling correlation observations between Frontline Plc (FRO) and other NASDAQ-listed stocks, 34.1% are positive and 65.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.198, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10% and strong negative correlations (≤−0.7) for 21.1%.
- Total observations
- 6,809
- Mean correlation
- -0.198
- Most common range
- -0.7 to -0.6
- Positive pairs
- 34.1%
- Strong positive (≥0.7)
- 10%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 715 | 10.5% | |
| -0.8 to -0.7 | 714 | 10.5% | |
| -0.7 to -0.6 | 802 | 11.8% | |
| -0.6 to -0.5 | 801 | 11.8% | |
| -0.5 to -0.4 | 360 | 5.3% | |
| -0.4 to -0.3 | 359 | 5.3% | |
| -0.3 to -0.2 | 249 | 3.7% | |
| -0.2 to -0.1 | 249 | 3.7% | |
| -0.1 to 0.0 | 228 | 3.3% | |
| 0.0 to 0.1 | 227 | 3.3% | |
| 0.1 to 0.2 | 210 | 3.1% | |
| 0.2 to 0.3 | 209 | 3.1% | |
| 0.3 to 0.4 | 226 | 3.3% | |
| 0.4 to 0.5 | 225 | 3.3% | |
| 0.5 to 0.6 | 274 | 4.0% | |
| 0.6 to 0.7 | 273 | 4.0% | |
| 0.7 to 0.8 | 289 | 4.2% | |
| 0.8 to 0.9 | 288 | 4.2% | |
| 0.9 to 1.0 | 102 | 1.5% |
Frequently asked questions
What is the average correlation of FRO?
Frontline Plc (FRO) has an average correlation of about -0.198 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FRO positively correlated with other stocks?
Not predominantly — 34.1% of pairs are positive and 65.9% are negative. Strong positive correlations (≥0.7) make up 10%.
What is the most common correlation range for FRO?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.1% of all pairs.
Explore the full interactive correlation distribution for FRO.
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