Flutter Entertainment Correlations
| FLUT Stock | 275.52 8.80 3.30% |
The current 90-days correlation between Flutter Entertainment plc and GMS Inc is 0.11 (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
Modest diversification
The correlation between Flutter Entertainment plc and DJI is 0.26 (i.e., Modest 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.
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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 Pink Sheet
| 0.62 | LTFD | Littlefield | PairCorr |
| 0.7 | GMBLP | Esports Entertainment | PairCorr |
| 0.72 | IP | International Paper | PairCorr |
| 0.74 | SW | Smurfit WestRock plc | PairCorr |
| 0.78 | DRVN | Driven Brands Holdings | PairCorr |
| 0.67 | WBUY | WEBUY GLOBAL LTD | PairCorr |
| 0.79 | GEF | Greif Bros Fiscal Year End 4th of December 2024 | PairCorr |
| 0.65 | KAR | KAR Auction Services | PairCorr |
Moving against Flutter Pink Sheet
| 0.78 | EBET | Ebet Inc | PairCorr |
| 0.73 | GMBL | Esports Entertainment | PairCorr |
| 0.47 | GMBLW | Esports Entertainment | PairCorr |
| 0.41 | EFOI | Energy Focu | PairCorr |
| 0.36 | F-PB | Ford Motor | PairCorr |
| 0.33 | F-PC | Ford Motor | PairCorr |
| 0.81 | DSS | DSS Inc | PairCorr |
| 0.71 | AVY | Avery Dennison Corp | PairCorr |
| 0.7 | WPRT | Westport Fuel Systems | PairCorr |
| 0.65 | MMA | Alta Global Group | PairCorr |
| 0.63 | IVP | Inspire Veterinary | PairCorr |
| 0.54 | EXTO | Almacenes xito SA | PairCorr |
| 0.54 | CYD | China Yuchai Interna | PairCorr |
| 0.49 | TFRFF | Tefron | PairCorr |
| 0.49 | FXLV | F45 Training Holdings | PairCorr |
| 0.43 | FRZA | Forza X1 | PairCorr |
| 0.41 | IPW | iPower Inc | PairCorr |
| 0.39 | FIGS | Figs Inc | PairCorr |
| 0.35 | EVKG | Ever Glory Internati | PairCorr |
| 0.35 | GPK | Graphic Packaging Holding | PairCorr |
Related Correlations Analysis
| 0.84 | 0.67 | 0.83 | 0.5 | 0.72 | 0.83 | GMS | ||
| 0.84 | 0.76 | 0.95 | 0.35 | 0.74 | 0.95 | CEIX | ||
| 0.67 | 0.76 | 0.73 | 0.29 | 0.72 | 0.81 | CDR-PB | ||
| 0.83 | 0.95 | 0.73 | 0.22 | 0.77 | 0.93 | SEIC | ||
| 0.5 | 0.35 | 0.29 | 0.22 | 0.07 | 0.32 | SCL | ||
| 0.72 | 0.74 | 0.72 | 0.77 | 0.07 | 0.81 | IPXXU | ||
| 0.83 | 0.95 | 0.81 | 0.93 | 0.32 | 0.81 | STEP | ||
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Risk-Adjusted Indicators
There is a big difference between Flutter Pink Sheet 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMS | 1.43 | (0.03) | 0.01 | 0.10 | 1.89 | 3.02 | 9.77 | |||
| CEIX | 1.80 | 0.32 | 0.26 | 0.27 | 1.40 | 5.15 | 14.10 | |||
| CDR-PB | 1.91 | 0.24 | 0.03 | (2.79) | 2.77 | 4.28 | 13.67 | |||
| SEIC | 0.80 | 0.18 | 0.17 | 0.34 | 0.61 | 1.57 | 7.23 | |||
| SCL | 1.23 | (0.16) | (0.05) | 0.03 | 1.42 | 2.07 | 12.16 | |||
| IPXXU | 0.04 | (0.01) | 0.00 | 0.72 | 0.00 | 0.28 | 0.65 | |||
| STEP | 1.51 | 0.17 | 0.15 | 0.22 | 1.60 | 2.82 | 16.32 |
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.Did you try this?
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Flutter Entertainment Corporate Management
| Phil Bishop | Chief Officer | Profile | |
| Lisa Sewell | Chief Officer | Profile | |
| Barni Evans | Chief Sportsbet | Profile | |
| Padraig Riordain | Group Officer | Profile | |
| Ian Brown | Chief Ireland | Profile |