FRO vs TCI: Correlation
How closely do Frontline Plc (FRO) and Transcontinental Realty Investors, Inc. (TCI) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRO and TCI?
Over the past 3 years, FRO and TCI moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.48 versus -0.23 over 3 years. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -465.1 %².
TCI is close to the least connected end of FRO's tracked universe, ranking #14 of 14. The last year tells two different stories: FRO led by 144.9 percentage points, +129.6% for FRO against -15.3% for TCI.
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.
FRO vs TCI: side by side
| FRO (Frontline Plc) | TCI (Transcontinental Realty Investors, Inc.) | |
|---|---|---|
| 1-year return | +129.6% | -15.3% |
| 5-year return | +771.5% | +9.7% |
| Volatility (ann.) | 46.1% | 44.2% |
| Beta vs S&P 500 | 0.57 | 0.28 |
| Max drawdown (3Y) | -52.0% | -43.8% |
| Market cap | $9.7B | $0.3B |
| P/E (trailing) | 10.2 | 41.9 |
| Dividend yield | 7.60% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRO | TCI |
|---|---|---|
| 2022 | +73.7% | +13.0% |
| 2023 | +96.2% | -21.8% |
| 2024 | -22.5% | -13.7% |
| 2025 | +57.3% | +96.6% |
| 2026 | +115.9% | -32.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRO and TCI good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between FRO and TCI?
As of 2026-08-27, the correlation of weekly returns between FRO and TCI is -0.23 over 3 years, -0.48 over 1 year and -0.11 over 5 years.
Is TCI a good diversifier for FRO?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FRO correlations · TCI correlations
