Six Flags Correlations

Stocks . USA . 
Stock . Six Flags Entertainment
FUN Stock  USD 30.75  1.31  4.45%   
The current 90-days correlation between Six Flags Entertainment and United Parks Resorts is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Six Flags moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Six Flags Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Six Flags Correlation With Market

Very weak diversification

The correlation between Six Flags Entertainment and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Six Flags Entertainment and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Six Flags Entertainment. 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.

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Moving against Six Stock

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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   
EPR
+ 0.91
OSW
DIN
+ 0.84
EPR
DIN
+ 0.76
JAKK
DIN
+ 0.74
OSW
EPR
+ 0.67
CLAR
CLAR
+ 0.62
OSW
  
High negative correlations   
CNK
- 0.29
CLAR
CLAR
- 0.02
PRKS
CNK
- 0.0
PRKS

Risk-Adjusted Indicators

There is a big difference between Six Stock performing well and Six Flags 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 Six Flags' 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.

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