Frontline Plc (FRO) — Stock Correlations & Overview
Over the past year, FRO has moved most closely with DHT, TEN, TNK. Explore the stocks most correlated and inversely correlated with FRO below, along with its price, financials, and company profile.
Stocks correlated with FRO
Correlation of daily returns. Higher positive values move with FRO; negative values move opposite it. Informational only, not investment advice.
Most correlated with FRO
| Symbol | Company | Correlation |
|---|---|---|
| DHT | DHT HOLDINGS, INC. | 0.84 |
| TEN | Tsakos Energy Navigation Ltd. | 0.83 |
| TNK | Teekay Tankers Ltd. | 0.83 |
| INSW | International Seaways, Inc. Common StockWATER TRANSPORTATION | 0.82 |
| ECO | Okeanis Eco Tankers Corp. | 0.80 |
Most inversely correlated with FRO
| Symbol | Company | Correlation |
|---|---|---|
| ETIp | Entergy Texas, Inc. 5.375% Series A Preferred StockELECTRIC SERVICES | -0.22 |
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.21 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.21 |
| MSTZ | T-Rex 2X Inverse MSTR Daily Target ETF | -0.19 |
| SMST | Tidal Trust II Defiance Daily Target 2x Short MSTR ETF | -0.19 |
Frequently asked questions about FRO correlations
- Which stocks are most correlated with FRO?
- Based on one year of daily returns, the stocks most correlated with Frontline Plc (FRO) are DHT (0.84), TEN (0.83) and TNK (0.83). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FRO?
- Over the past year, the stocks most inversely correlated with Frontline Plc (FRO) are ETIp (-0.22), BZQ (-0.21) and EFU (-0.21). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FRO correlations calculated?
- We compute the correlation of daily returns between FRO and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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