FRO vs TRMD: Correlation
Frontline Plc (FRO) and TORM plc (TRMD) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRO and TRMD?
Over the past 3 years, FRO and TRMD moved with a correlation of 0.78, which is strong. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 1416.8 %².
Among the 14 assets we track against FRO, TRMD ranks #5 by 3-year correlation. The last year tells two different stories: FRO led by 68.2 percentage points, +129.6% for FRO against +61.4% for TRMD.
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 TRMD: side by side
| FRO (Frontline Plc) | TRMD (TORM plc) | |
|---|---|---|
| 1-year return | +129.6% | +61.4% |
| 5-year return | +771.5% | +679.6% |
| Volatility (ann.) | 46.1% | 39.6% |
| Beta vs S&P 500 | 0.57 | 0.60 |
| Max drawdown (3Y) | -52.0% | -60.6% |
| Market cap | $9.7B | $3.3B |
| P/E (trailing) | 10.2 | 5.2 |
| Dividend yield | 7.60% | 7.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRO | TRMD |
|---|---|---|
| 2022 | +73.7% | +297.7% |
| 2023 | +96.2% | +31.6% |
| 2024 | -22.5% | -23.5% |
| 2025 | +57.3% | +11.3% |
| 2026 | +115.9% | +70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRO and TRMD good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FRO and TRMD?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.79 over the last year and 0.67 over 5 years.
Is TRMD a good diversifier for FRO?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 mean?
A reading of 0.78 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fro-vs-trmd.json
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Related comparisons
Hubs: FRO correlations · TRMD correlations
