Flutter Entertainment Correlations

FLUT Stock

191.11 7.47 3.76%

The current 90-days correlation between Flutter Entertainment plc and Las Vegas Sands is 0.07 (i.e., Significant 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 0.42 (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 housing.

Moving together with Flutter Stock

0.88	PTLO	Portillos	Pair Corr
0.86	DIS	Walt Disney Sell-off Trend	Pair Corr
0.84	BA	Boeing	Pair Corr
0.85	PG	Procter Gamble	Pair Corr
0.9	T	ATT Inc Aggressive Push	Pair Corr
0.87	HD	Home Depot Earnings Call Today	Pair Corr

Moving against Flutter Stock

0.8	RIG	Transocean	Pair Corr
0.77	F	Ford Motor	Pair Corr
0.73	NVDA	NVIDIA Earnings Call Tomorrow	Pair Corr
0.73	PATH	Uipath Inc	Pair Corr
0.69	MPW	Medical Properties Trust	Pair Corr
0.68	DIN	Dine Brands Global	Pair Corr
0.65	BK	Bank of New York	Pair Corr
0.61	PLUG	Plug Power	Pair Corr
0.53	GS	Goldman Sachs Group	Pair Corr
0.49	UEC	Uranium Energy Corp	Pair Corr
0.45	OPEN	Opendoor Technologies	Pair Corr
0.4	NIO	Nio Class A Earnings Call Tomorrow	Pair Corr
0.38	GRAB	Grab Holdings	Pair Corr
0.35	CGUD	Com GuardCom	Pair Corr
0.92	CAT	Caterpillar	Pair Corr
0.91	IBM	International Business	Pair Corr
0.87	INTC	Intel	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.76	AXP	American Express	Pair Corr
0.68	BAC	Bank of America	Pair Corr
0.63	MRK	Merck Company Sell-off Trend	Pair Corr
0.61	XOM	Exxon Mobil Corp	Pair Corr
0.53	PLG	Platinum Group Metals	Pair Corr
0.49	WMT	Walmart Earnings Call This Week	Pair Corr
0.34	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	LVS	CPRT	CMG	YUM	CCL	DHI	EBAY	JD	TCOM	CUK
LVS		-0.49	-0.73	0.07	-0.51	-0.52	-0.4	-0.47	-0.08	-0.53	LVS
CPRT	-0.49		0.74	0.02	0.85	0.86	0.59	-0.02	-0.18	0.87	CPRT
CMG	-0.73	0.74		-0.05	0.61	0.64	0.83	0.23	-0.25	0.63	CMG
YUM	0.07	0.02	-0.05		-0.02	0.26	-0.03	0.14	0.19	0.0	YUM
CCL	-0.51	0.85	0.61	-0.02		0.8	0.43	0.15	0.08	1.0	CCL
DHI	-0.52	0.86	0.64	0.26	0.8		0.46	0.34	0.15	0.82	DHI
EBAY	-0.4	0.59	0.83	-0.03	0.43	0.46		0.12	-0.34	0.45	EBAY
JD	-0.47	-0.02	0.23	0.14	0.15	0.34	0.12		0.51	0.14	JD
TCOM	-0.08	-0.18	-0.25	0.19	0.08	0.15	-0.34	0.51		0.05	TCOM
CUK	-0.53	0.87	0.63	0.0	1.0	0.82	0.45	0.14	0.05		CUK
	LVS	CPRT	CMG	YUM	CCL	DHI	EBAY	JD	TCOM	CUK

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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

CUK	+ 1.0	CCL
CUK	+ 0.87	CPRT
DHI	+ 0.86	CPRT
CCL	+ 0.85	CPRT
EBAY	+ 0.83	CMG
CUK	+ 0.82	DHI

High negative correlations

CMG	- 0.73	LVS
CUK	- 0.53	LVS
DHI	- 0.52	LVS
CCL	- 0.51	LVS
CPRT	- 0.49	LVS
JD	- 0.47	LVS

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
LVS	1.73	0.30	0.10	0.65	2.22	(1.83)	3.39	(2.87)	14.47
CPRT	1.05	(0.24)	0.00	(0.24)	0.00	0.00	2.22	(2.49)	8.50
CMG	1.43	(0.58)	0.00	(0.45)	0.00	0.00	2.93	(3.29)	21.88
YUM	1.01	0.00	(0.04)	0.03	1.03	(1.16)	2.36	(1.76)	8.49
CCL	1.57	(0.21)	0.00	1.30	0.00	0.00	3.10	(3.65)	15.99
DHI	1.41	(0.32)	0.00	(0.22)	0.00	0.00	2.77	(3.35)	11.49
EBAY	1.53	(0.34)	0.00	(0.20)	0.00	0.00	3.18	(3.71)	20.15
JD	1.79	(0.15)	0.00	(0.07)	0.00	0.00	3.40	(3.11)	11.98
TCOM	1.39	0.16	0.10	0.19	1.40	(1.57)	3.21	(2.63)	18.26
CUK	1.51	(0.23)	0.00	1.75	0.00	0.00	3.20	(3.17)	14.94

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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