Flutter Entertainment Correlations

FLUT Stock

149.47 4.43 2.88%

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 good diversification

The correlation between Flutter Entertainment plc and DJI is -0.29 (i.e., Very good 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 population.

Moving together with Flutter Stock

0.66	WEN	The Wendys Earnings Call This Week	Pair Corr
0.65	VVA	Viva Leisure Earnings Call This Week	Pair Corr
0.69	ALL	Aristocrat Leisure	Pair Corr
0.73	PZZA	Papa Johns International	Pair Corr
0.8	MSFT	Microsoft	Pair Corr

Moving against Flutter Stock

0.75	SBUX	Starbucks Aggressive Push	Pair Corr
0.73	MTY	MTY Food Group Earnings Call This Week	Pair Corr
0.72	YUMC	Yum China Holdings Earnings Call This Week	Pair Corr
0.63	BBT	Betr Entertainment	Pair Corr
0.57	RAVE	Rave Restaurant Group	Pair Corr
0.53	YUM	Yum Brands	Pair Corr
0.53	AGI	Ainsworth Game Technology	Pair Corr
0.51	DRI	Darden Restaurants	Pair Corr
0.49	WING	Wingstop	Pair Corr
0.48	MCD	McDonalds Earnings Call This Week	Pair Corr
0.46	SKC	Skycity Entertainment	Pair Corr
0.39	CMG	Chipotle Mexican Grill Earnings Call This Week	Pair Corr
0.39	JACK	Jack In	Pair Corr
0.37	BET	Betmakers Technology	Pair Corr
0.33	SGR	The Star Entertainment	Pair Corr
0.83	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.75	PG	Procter Gamble	Pair Corr
0.72	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.69	NFG	National Fuel Gas	Pair Corr
0.67	VZ	Verizon Communications Aggressive Push	Pair Corr
0.59	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.58	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.54	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.48	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	LVS	CPRT	CMG	YUM	CCL	DHI	EBAY	JD	TCOM	CUK
LVS		-0.41	-0.49	-0.52	-0.47	-0.13	-0.62	0.18	0.66	-0.5	LVS
CPRT	-0.41		-0.22	-0.03	-0.2	-0.29	0.11	0.4	-0.27	-0.19	CPRT
CMG	-0.49	-0.22		0.73	0.77	0.43	0.79	-0.5	-0.41	0.84	CMG
YUM	-0.52	-0.03	0.73		0.65	0.36	0.57	-0.58	-0.5	0.69	YUM
CCL	-0.47	-0.2	0.77	0.65		0.06	0.59	-0.38	-0.13	0.99	CCL
DHI	-0.13	-0.29	0.43	0.36	0.06		0.25	-0.18	-0.35	0.1	DHI
EBAY	-0.62	0.11	0.79	0.57	0.59	0.25		-0.17	-0.4	0.67	EBAY
JD	0.18	0.4	-0.5	-0.58	-0.38	-0.18	-0.17		0.41	-0.43	JD
TCOM	0.66	-0.27	-0.41	-0.5	-0.13	-0.35	-0.4	0.41		-0.21	TCOM
CUK	-0.5	-0.19	0.84	0.69	0.99	0.1	0.67	-0.43	-0.21		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	+ 0.99	CCL
CUK	+ 0.84	CMG
EBAY	+ 0.79	CMG
CCL	+ 0.77	CMG
YUM	+ 0.73	CMG
CUK	+ 0.69	YUM

High negative correlations

EBAY	- 0.62	LVS
JD	- 0.58	YUM
YUM	- 0.52	LVS
TCOM	- 0.5	YUM
JD	- 0.5	CMG
CUK	- 0.5	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	1.41	(0.05)	0.00	(0.16)	0.00	0.00	2.98	(2.74)	17.97
CPRT	1.02	(0.13)	0.00	(0.22)	0.00	0.00	2.22	(2.82)	6.69
CMG	1.50	0.26	0.16	0.30	1.44	(1.75)	4.22	(2.81)	10.79
YUM	1.06	0.20	0.14	0.47	0.98	(1.34)	2.49	(1.68)	11.71
CCL	2.22	0.12	0.08	0.14	2.51	(2.38)	8.08	(3.63)	13.44
DHI	1.63	0.04	0.03	0.11	1.59	(2.13)	4.74	(3.27)	11.16
EBAY	1.32	0.01	0.00	0.09	1.89	(1.26)	2.81	(3.25)	11.00
JD	1.10	(0.31)	0.00	(0.25)	0.00	0.00	2.75	(2.03)	7.11
TCOM	1.61	(0.33)	0.00	(0.26)	0.00	0.00	3.57	(3.64)	21.80
CUK	2.28	0.27	0.14	0.20	2.19	(2.79)	7.92	(3.21)	21.35

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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