Flutter Entertainment Correlations

FLUT Stock

306.79 2.00 0.66%

The current 90-days correlation between Flutter Entertainment plc and Chipotle Mexican Grill is 0.24 (i.e., Modest 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

Very weak diversification

The correlation between Flutter Entertainment plc and DJI is 0.59 (i.e., Very weak 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.

Build AI portfolio with Flutter Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flutter Entertainment plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Flutter Stock

0.91	RRR	Red Rock Resorts Earnings Call Tomorrow	Pair Corr
0.71	FL	Foot Locker	Pair Corr
0.71	RL	Ralph Lauren Corp	Pair Corr
0.77	EPSM	Epsium Enterprise	Pair Corr
0.81	ANF	Abercrombie Fitch	Pair Corr
0.89	BKE	Buckle Inc	Pair Corr
0.69	FOSL	Fossil Group	Pair Corr
0.69	FND	Floor Decor Holdings	Pair Corr
0.84	GES	Guess Inc	Pair Corr
0.76	HVT	Haverty Furniture	Pair Corr
0.7	LEG	Leggett Platt	Pair Corr
0.75	TPH	TRI Pointe Homes Earnings Call This Week	Pair Corr
0.75	UAA	Under Armour A	Pair Corr
0.81	GPRO	GoPro Inc	Pair Corr
0.78	GRPN	Groupon	Pair Corr
0.77	SCVL	Shoe Carnival	Pair Corr
0.61	ARHS	Arhaus Inc	Pair Corr
0.66	SONO	Sonos Inc	Pair Corr
0.71	URBN	Urban Outfitters	Pair Corr
0.67	RFG	Retail Food Group	Pair Corr
0.62	ALL	Aristocrat Leisure	Pair Corr
0.88	INBX	Inhibrx Biosciences,	Pair Corr
0.62	LNDNF	Lundin Energy AB	Pair Corr

Moving against Flutter Stock

0.58	AEO	American Eagle Outfitters	Pair Corr
0.73	TOY	Toys R ANZ	Pair Corr
0.67	ROST	Ross Stores	Pair Corr
0.54	PLCE	Childrens Place	Pair Corr
0.49	603057	Shanghai Ziyan Foods	Pair Corr
0.44	BET	Betmakers Technology Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BROS	CMG	COST	DIS	DPZ	NKE	V	WMT
BROS		0.2	0.51	0.6	-0.29	0.17	0.75	0.35	BROS
CMG	0.2		-0.21	0.76	-0.43	0.85	0.29	0.31	CMG
COST	0.51	-0.21		0.07	0.24	-0.24	0.63	0.71	COST
DIS	0.6	0.76	0.07		-0.54	0.78	0.65	0.35	DIS
DPZ	-0.29	-0.43	0.24	-0.54		-0.41	-0.12	0.05	DPZ
NKE	0.17	0.85	-0.24	0.78	-0.41		0.36	0.22	NKE
V	0.75	0.29	0.63	0.65	-0.12	0.36		0.59	V
WMT	0.35	0.31	0.71	0.35	0.05	0.22	0.59		WMT
	BROS	CMG	COST	DIS	DPZ	NKE	V	WMT

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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

NKE	+ 0.85	CMG
NKE	+ 0.78	DIS
DIS	+ 0.76	CMG
V	+ 0.75	BROS
WMT	+ 0.71	COST
V	+ 0.65	DIS

High negative correlations

DPZ	- 0.54	DIS
DPZ	- 0.43	CMG
NKE	- 0.41	DPZ
DPZ	- 0.29	BROS
NKE	- 0.24	COST
COST	- 0.21	CMG

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BROS	2.15	0.06	0.04	0.18	2.29	(2.37)	4.14	(3.94)	16.33
CMG	1.49	0.02	0.00	0.15	1.58	(1.74)	3.72	(2.82)	7.88
COST	0.86	(0.12)	0.00	(0.08)	0.00	0.00	2.24	(1.68)	7.00
DIS	1.17	0.43	0.46	0.55	0.33	(1.56)	2.96	(1.27)	12.45
DPZ	0.95	(0.10)	0.00	(0.06)	0.00	0.00	1.82	(1.88)	6.48
NKE	1.85	0.24	0.17	0.29	1.51	(2.28)	4.12	(3.07)	18.60
V	0.96	(0.07)	(0.04)	0.06	1.72	(0.86)	1.64	(2.33)	8.52
WMT	0.83	(0.06)	(0.12)	0.01	0.99	(0.95)	1.82	(1.56)	4.91

Flutter Entertainment Corporate Management

Phil Bishop	Chief Officer	Profile
Padraig Riordain	Group Officer	Profile
Robert Coldrake	Chief Officer	Profile
Paul Tymms	Group Relations	Profile
Daniel Taylor	Chief International	Profile
Fiona Gildea	Head Secretary	Profile

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