Flutter Entertainment Correlations

Stocks . UK . 
Stock . Flutter Entertainment PLC
FLTR Stock   19,875  155.00  0.77%   
The current 90-days correlation between Flutter Entertainment PLC and Charter Communications Cl is 0.16 (i.e., Average diversification). The correlation of Flutter Entertainment 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.

Flutter Entertainment Correlation With Market

Significant diversification

The correlation between Flutter Entertainment PLC and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flutter Entertainment PLC and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Flutter Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Flutter Entertainment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Flutter Entertainment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Flutter Entertainment PLC to buy it.

Moving together with Flutter Stock

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  0.65TW Taylor Wimpey PLCPairCorr
  0.61SANB SANTANDER UK 8PairCorr
  0.850XVE BE Semiconductor IndPairCorr

Moving against Flutter Stock

  0.590R15 SoftBank Group CorpPairCorr
  0.5PREM Premier African MineralsPairCorr
  0.33PTEC Playtech PlcPairCorr
  0.43TMPL Temple Bar InvestmentPairCorr
  0.360O8X WirecardPairCorr

Related Correlations Analysis

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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   
0LJE
+ 0.89
SPT
0QHX
+ 0.86
0RKH
SPT
+ 0.81
0RKH
ELLA
+ 0.77
0HW4
SPT
+ 0.77
0HW4
0RKH
+ 0.77
ELLA
  
High negative correlations   
0Q1S
- 0.37
ELLA
0QHX
- 0.22
0Q1S
0Q1S
- 0.22
0HW4
SPT
- 0.21
0Q1S
0Q1S
- 0.21
0RKH
0LJE
- 0.14
0Q1S

Risk-Adjusted Indicators

There is a big difference between Flutter Stock performing well and Flutter Entertainment 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 Flutter Entertainment'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Flutter Entertainment without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Flutter Entertainment Corporate Management

Elected by the shareholders, the Flutter Entertainment's board of directors comprises two types of representatives: Flutter Entertainment inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Flutter. The board's role is to monitor Flutter Entertainment's management team and ensure that shareholders' interests are well served. Flutter Entertainment's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Flutter Entertainment's outside directors are responsible for providing unbiased perspectives on the board's policies.
Pdraig RordinGroup OfficerProfile
Phil BishopChief OfficerProfile
Paul CutterChief OfficerProfile
Padraig RiordainGroup OfficerProfile
Ian ProctorEx IrelandProfile
Robert ColdrakeChief OfficerProfile
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