FREYR Battery Correlations

Delisted . USA . 
Stock . FREYR Battery SA
FREYDelisted Stock  USD 1.67  0.02  1.21%   
The current 90-days correlation between FREYR Battery SA and Solid Power is 0.27 (i.e., Modest 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

Good diversification

The correlation between FREYR Battery SA and DJI is -0.02 (i.e., Good 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FREYR Battery SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with FREYR Stock

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  0.72ENVX Enovix Corp Buyout TrendPairCorr
  0.69FCEL FuelCell EnergyPairCorr
  0.8EAF GrafTech InternationalPairCorr
  0.71ESP Espey Mfg ElectronicsPairCorr
  0.83GTI Graphjet TechnologyPairCorr
  0.8GWH ESS TechPairCorr
  0.64NVT nVent Electric PLCPairCorr
  0.85NVX Novonix Ltd ADRPairCorr
  0.79NXU Nxu IncPairCorr
  0.8XPON Expion360PairCorr
  0.87STI Solidion TechnologyPairCorr
  0.67VRT Vertiv HoldingsPairCorr
  0.7EOSEW Eos Energy EnterprisesPairCorr
  0.72SDSTW Stardust Power Symbol ChangePairCorr
  0.66HUBB HubbellPairCorr
  0.8IPWR Ideal PowerPairCorr
  0.73NEOV NeoVolta Common StockPairCorr
  0.76SLDPW Solid PowerPairCorr
  0.86MVSTW Microvast HoldingsPairCorr
  0.84PITA Heramba Electric plcPairCorr
  0.81PLUG Plug PowerPairCorr
  0.71POLA Polar PowerPairCorr

Moving against FREYR Stock

  0.43ENS EnersysPairCorr
  0.6LTBR Lightbridge Corp Downward RallyPairCorr
  0.46APWC Asia Pacific WirePairCorr

Related Correlations Analysis

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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.

The entity FREYR Battery SA with a symbol FREY was recently relisted or delisted. You can potentially use T1 Energy with a symbol TE. Please make sure the ticker renaming or change in the classification of FREYR Battery SA is not a temporary action by the exchange.

FREYR Battery Corporate Management

Jeffrey SpittelExecutive DevelopmentProfile
Amy JaickHead CommuicationProfile
Peter MatraiCoFounder DirectorProfile
Tove LjungquistEx OperationsProfile
Katrin BerntsenVP AffairsProfile
Jeremy BezdekExecutive DevelopmentProfile

Still Interested in FREYR Battery SA?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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