Flutter Entertainment Correlations

FLUT Stock

232.58 0.82 0.35%

The current 90-days correlation between Flutter Entertainment plc and Atmos Energy is 0.1 (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

Poor diversification

The correlation between Flutter Entertainment plc and DJI is 0.68 (i.e., Poor 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.

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

0.78	H	Hyatt Hotels	Pair Corr
0.86	BH	Biglari Holdings	Pair Corr
0.95	WH	Wyndham Hotels Resorts	Pair Corr
0.94	DKNG	DraftKings	Pair Corr
0.78	DNUT	Krispy Kreme	Pair Corr
0.63	WING	Wingstop	Pair Corr
0.82	EXPE	Expedia Group	Pair Corr
0.96	BYD	Boyd Gaming	Pair Corr
0.86	CCL	Carnival	Pair Corr
0.86	CHH	Choice Hotels Intern	Pair Corr
0.72	CMG	Chipotle Mexican Grill	Pair Corr
0.82	CSV	Carriage Services	Pair Corr
0.86	CUK	Carnival Plc ADS Earnings Call This Week	Pair Corr
0.94	CZR	Caesars Entertainment	Pair Corr
0.61	DIN	Dine Brands Global	Pair Corr
0.77	FAT	FAT Brands	Pair Corr
0.86	FLL	Full House Resorts	Pair Corr
0.86	FUN	Six Flags Entertainment	Pair Corr
0.75	GHG	GreenTree Hospitality	Pair Corr
0.79	FTDR	Frontdoor	Pair Corr
0.92	HGV	Hilton Grand Vacations	Pair Corr
0.93	HLT	Hilton Worldwide Holdings	Pair Corr
0.67	IGT	International Game	Pair Corr
0.89	IHG	InterContinental Hotels	Pair Corr

Moving against Flutter Stock

0.82	EJH	E Home Household	Pair Corr
0.4	HRB	HR Block	Pair Corr
0.33	QSR	Restaurant Brands	Pair Corr
0.31	MCD	McDonalds Sell-off Trend	Pair Corr

Related Correlations Analysis

	TCI	ATO	BKH	AAM	IGI	AMP	NRG	POR
TCI		0.39	0.21	0.31	0.02	-0.24	-0.08	0.53	TCI
ATO	0.39		0.84	0.8	0.54	-0.53	-0.24	0.87	ATO
BKH	0.21	0.84		0.52	0.75	-0.18	-0.04	0.77	BKH
AAM	0.31	0.8	0.52		0.28	-0.76	-0.53	0.65	AAM
IGI	0.02	0.54	0.75	0.28		0.06	0.22	0.57	IGI
AMP	-0.24	-0.53	-0.18	-0.76	0.06		0.8	-0.44	AMP
NRG	-0.08	-0.24	-0.04	-0.53	0.22	0.8		-0.28	NRG
POR	0.53	0.87	0.77	0.65	0.57	-0.44	-0.28		POR
	TCI	ATO	BKH	AAM	IGI	AMP	NRG	POR

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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

POR	+ 0.87	ATO
BKH	+ 0.84	ATO
AAM	+ 0.8	ATO
NRG	+ 0.8	AMP
POR	+ 0.77	BKH
IGI	+ 0.75	BKH

High negative correlations

AMP	- 0.76	AAM
NRG	- 0.53	AAM
AMP	- 0.53	ATO
POR	- 0.44	AMP
POR	- 0.28	NRG
NRG	- 0.24	ATO

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
TCI	1.57	0.07	0.05	0.04	1.84	(2.10)	4.21	(2.79)	15.38
ATO	1.02	0.19	0.16	0.47	1.32	(1.02)	1.96	(1.86)	7.55
BKH	0.96	0.10	0.09	0.20	1.57	(0.83)	2.20	(2.11)	7.88
AAM	0.13	0.02	0.24	13.06	0.20	(0.20)	0.20	(0.10)	2.99
IGI	0.35	(0.02)	0.00	(0.22)	0.00	0.00	0.55	(0.86)	2.65
AMP	1.71	(0.04)	0.00	(0.11)	0.00	0.00	2.68	(4.75)	14.51
NRG	3.06	0.19	0.03	0.03	4.53	(3.03)	4.92	(7.67)	20.50
POR	1.10	0.04	0.05	0.01	1.59	(1.08)	1.77	(2.62)	6.45

Flutter Entertainment Corporate Management

Phil Bishop	Chief Officer	Profile
Padraig Riordain	Group Officer	Profile
Daniel Taylor	Chief International	Profile
Conor Lynch	Chief Officer	Profile
Lisa Sewell	Chief Officer	Profile

Trending Assets

ATO

Atmos Energy

151.48 2.19 1.47

TCI

Transcontinental Realty

28.30 0.19 0.68

IGI

Western Asset Investment

15.90 0.08 0.51

NRG

NRG Energy

94.47 1.58 1.70

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