AUBN vs FRO: Correlation
How closely do Auburn National Bancorporation, Inc. (AUBN) and Frontline Plc (FRO) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUBN and FRO?
Over the past 3 years, AUBN and FRO moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.22 over 3. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -322.7 %².
Out of 12 assets tracked against AUBN, FRO lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with FRO ahead by 119.5 points (+10.1% versus +129.6%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AUBN vs FRO: side by side
| AUBN (Auburn National Bancorporation, Inc.) | FRO (Frontline Plc) | |
|---|---|---|
| 1-year return | +10.1% | +129.6% |
| 5-year return | -4.9% | +771.5% |
| Volatility (ann.) | 31.8% | 46.1% |
| Beta vs S&P 500 | 0.04 | 0.57 |
| Max drawdown (3Y) | -24.5% | -52.0% |
| Market cap | $0.1B | $9.7B |
| P/E (trailing) | 10.9 | 10.2 |
| Dividend yield | 4.06% | 7.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUBN | FRO |
|---|---|---|
| 2022 | -26.0% | +73.7% |
| 2023 | -2.8% | +96.2% |
| 2024 | +16.3% | -22.5% |
| 2025 | +20.2% | +57.3% |
| 2026 | -0.2% | +115.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUBN and FRO good diversifiers for each other?
Yes. With a correlation of -0.22, AUBN and FRO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AUBN and FRO?
As of 2026-08-27, the correlation of weekly returns between AUBN and FRO is -0.22 over 3 years, -0.27 over 1 year and -0.13 over 5 years.
Is FRO a good diversifier for AUBN?
Yes. With a correlation of -0.22, AUBN and FRO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aubn-vs-fro.json
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Related comparisons
Hubs: AUBN correlations · FRO correlations
