FREYR Battery Correlations
| FREY Stock | USD 1.59 0.09 5.36% |
The current 90-days correlation between FREYR Battery SA and Solid Power is 0.46 (i.e., Very weak diversification). The correlation of FREYR Battery is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
FREYR Battery Correlation With Market
Significant diversification
The correlation between FREYR Battery SA and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FREYR Battery SA and DJI in the same portfolio, assuming nothing else is changed.
FREYR |
Moving together with FREYR Stock
| 0.63 | NVX | Novonix Ltd ADR Earnings Call This Week | PairCorr |
| 0.71 | STI | Solidion Technology | PairCorr |
| 0.75 | PITAW | Heramba Electric plc | PairCorr |
| 0.67 | IPWR | Ideal Power Earnings Call Tomorrow | PairCorr |
| 0.78 | SLDPW | Solid Power | PairCorr |
| 0.64 | MVSTW | Microvast Holdings | PairCorr |
Moving against FREYR Stock
| 0.48 | AYI | Acuity Brands | PairCorr |
| 0.42 | ENS | Enersys | PairCorr |
| 0.55 | CAPTW | Captivision Warrant | PairCorr |
| 0.53 | PLPC | Preformed Line Products Earnings Call Next Week | PairCorr |
| 0.47 | RFIL | RF Industries | PairCorr |
| 0.43 | APWC | Asia Pacific Wire | PairCorr |
Related Correlations Analysis
| 0.7 | 0.84 | 0.29 | 0.11 | SLDP | ||
| 0.7 | 0.6 | 0.03 | 0.08 | ENVX | ||
| 0.84 | 0.6 | -0.12 | -0.31 | MVST | ||
| 0.29 | 0.03 | -0.12 | 0.79 | LICY | ||
| 0.11 | 0.08 | -0.31 | 0.79 | FLNC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between FREYR Stock performing well and FREYR Battery Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze FREYR Battery's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SLDP | 4.46 | 0.31 | 0.06 | (1.20) | 4.43 | 9.52 | 41.68 | |||
| ENVX | 4.03 | 0.30 | 0.05 | 0.61 | 4.96 | 11.41 | 35.83 | |||
| MVST | 8.84 | 1.90 | 0.22 | 2.01 | 7.70 | 33.02 | 64.20 | |||
| LICY | 5.35 | (1.22) | 0.00 | 0.62 | 0.00 | 11.47 | 60.03 | |||
| FLNC | 4.51 | (1.47) | 0.00 | 1.16 | 0.00 | 7.45 | 55.90 |
FREYR Battery Corporate Management
| Jeffrey Spittel | Executive Development | Profile | |
| Amy Jaick | Head Commuication | Profile | |
| Peter Matrai | CoFounder Director | Profile | |
| Tove Ljungquist | Ex Operations | Profile | |
| Katrin Berntsen | VP Affairs | Profile | |
| Jeremy Bezdek | Executive Development | Profile |