Flywire Corp Correlations

FLYW Stock

USD 13.75 0.02 0.15%

The current 90-days correlation between Flywire Corp and Nayax is 0.04 (i.e., Significant diversification). The correlation of Flywire Corp 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.

Flywire Corp Correlation With Market

Poor diversification

The correlation between Flywire Corp and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flywire Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Flywire Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flywire Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.

For more information on how to buy Flywire Stock please use our How to Invest in Flywire Corp guide.

Moving together with Flywire Stock

0.61	V	Visa Class A Earnings Call This Week	Pair Corr
0.63	JKHY	Jack Henry Associates	Pair Corr
0.78	NMIH	NMI Holdings	Pair Corr
0.63	SNCR	Synchronoss Technologies	Pair Corr
0.65	CVNA	Carvana	Pair Corr

Moving against Flywire Stock

0.54	STNE	StoneCo Tech Boost	Pair Corr
0.43	CURR	Currenc Group Ordinary Tech Boost	Pair Corr
0.39	PYPL	PayPal Holdings Earnings Call This Week	Pair Corr
0.46	COST	Costco Wholesale Corp	Pair Corr

Related Correlations Analysis

	NYAX	VYX	NABL	ASGN	PRCH	HIMX	LASR	LSPD	BHE	ADEA
NYAX		-0.15	-0.72	0.78	-0.45	0.13	0.88	-0.24	0.67	0.74	NYAX
VYX	-0.15		0.5	0.03	0.77	0.44	-0.17	0.49	-0.3	0.4	VYX
NABL	-0.72	0.5		-0.37	0.65	0.3	-0.64	0.62	-0.6	-0.31	NABL
ASGN	0.78	0.03	-0.37		-0.31	0.28	0.83	0.1	0.52	0.69	ASGN
PRCH	-0.45	0.77	0.65	-0.31		0.59	-0.51	0.2	-0.46	0.04	PRCH
HIMX	0.13	0.44	0.3	0.28	0.59		0.21	0.26	0.2	0.42	HIMX
LASR	0.88	-0.17	-0.64	0.83	-0.51	0.21		-0.01	0.79	0.68	LASR
LSPD	-0.24	0.49	0.62	0.1	0.2	0.26	-0.01		-0.15	0.18	LSPD
BHE	0.67	-0.3	-0.6	0.52	-0.46	0.2	0.79	-0.15		0.31	BHE
ADEA	0.74	0.4	-0.31	0.69	0.04	0.42	0.68	0.18	0.31		ADEA
	NYAX	VYX	NABL	ASGN	PRCH	HIMX	LASR	LSPD	BHE	ADEA

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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

LASR	+ 0.88	NYAX
LASR	+ 0.83	ASGN
BHE	+ 0.79	LASR
ASGN	+ 0.78	NYAX
PRCH	+ 0.77	VYX
ADEA	+ 0.74	NYAX

High negative correlations

NABL	- 0.72	NYAX
LASR	- 0.64	NABL
BHE	- 0.6	NABL
LASR	- 0.51	PRCH
BHE	- 0.46	PRCH
PRCH	- 0.45	NYAX

Risk-Adjusted Indicators

There is a big difference between Flywire Stock performing well and Flywire Corp 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 Flywire Corp'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
NYAX	1.97	0.40	0.14	7.81	2.11	(2.22)	3.93	(2.90)	13.73
VYX	1.84	(0.24)	0.00	(0.07)	0.00	0.00	3.42	(4.27)	10.29
NABL	1.75	(0.29)	0.00	(0.35)	0.00	0.00	2.39	(4.86)	16.05
ASGN	1.68	(0.01)	0.01	0.06	2.13	(1.90)	4.36	(3.13)	11.39
PRCH	3.00	(1.04)	0.00	(0.32)	0.00	0.00	4.27	(6.15)	42.64
HIMX	2.28	(0.25)	0.00	(0.06)	0.00	0.00	4.15	(4.72)	16.57
LASR	3.08	0.38	0.12	0.23	3.53	(3.36)	6.51	(5.62)	23.42
LSPD	1.95	(0.10)	(0.03)	0.00	2.46	(2.15)	2.99	(4.61)	21.78
BHE	1.46	0.14	0.09	0.17	1.69	(1.46)	3.59	(3.10)	13.12
ADEA	2.59	0.10	0.05	0.11	3.91	(2.72)	4.89	(3.51)	33.50

Flywire Corp Corporate Management

Gary Cunningham	Chief Officer	Profile
Mohit Kansal	Senior Services	Profile
Colin Smyth	Senior Travel	Profile
Akil Hollis	Vice Relations	Profile
Peter JD	General Officer	Profile
Ryan Frere	Executive B2B	Profile
Eric Spear	Senior Engineering	Profile

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