Flywire Corp Correlations

FLYW Stock  USD 10.79  0.18  1.64%   
The current 90-days correlation between Flywire Corp and Nayax is 0.1 (i.e., Average 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

Very good diversification

The correlation between Flywire Corp and DJI is -0.34 (i.e., Very good 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.
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 unemployment.
For more information on how to buy Flywire Stock please use our How to Invest in Flywire Corp guide.

Moving together with Flywire Stock

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  0.8EVTC EvertecPairCorr
  0.79FISV Fiserv Common Stock Symbol ChangePairCorr
  0.69DLO DlocalPairCorr
  0.95FIS Fidelity NationalPairCorr
  0.81GPN Global Payments Earnings Call TodayPairCorr
  0.64JKHY Jack Henry AssociatesPairCorr
  0.88PYPL PayPal HoldingsPairCorr
  0.94TOST Toast IncPairCorr

Moving against Flywire Stock

  0.64STNE StoneCoPairCorr
  0.33PAYO Payoneer GlobalPairCorr
  0.32WU Western Union Earnings Call This WeekPairCorr
  0.86MXCHY Orbia Advance CorpPairCorr
  0.81TLOFF Talon Metals CorpPairCorr
  0.76NNBR NN IncPairCorr
  0.73482480AN0 KLAC 525 15PairCorr
  0.67PLSE Pulse BiosciencesPairCorr
  0.62NTZ Natuzzi SpAPairCorr
  0.5TOPCF TopconPairCorr
  0.49YLLXF Yellow Cake plcPairCorr
  0.42SYTA Siyata Mobile Symbol ChangePairCorr

Related Correlations Analysis


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

ADEANYAX
BHELASR
LSPDNABL
LASRNYAX
PRCHNABL
ADEALASR
  

High negative correlations

BHENABL
LASRNABL
BHELSPD
LASRPRCH
BHEPRCH
NABLNYAX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NYAX  1.95  0.56  0.25  1.11  1.77 
 4.16 
 13.73 
VYX  1.99 (0.34) 0.00 (0.14) 0.00 
 3.04 
 14.15 
NABL  1.87 (0.68) 0.00 (0.51) 0.00 
 2.39 
 11.95 
ASGN  1.89 (0.15) 0.00 (0.07) 0.00 
 4.91 
 21.29 
PRCH  2.72 (0.30) 0.00 (0.11) 0.00 
 4.27 
 16.76 
HIMX  2.04 (0.07)(0.02)(0.01) 2.54 
 4.22 
 16.27 
LASR  3.07  0.56  0.14  0.32  3.95 
 6.51 
 18.85 
LSPD  1.82 (0.60) 0.00 (0.34) 0.00 
 2.54 
 15.21 
BHE  1.43  0.34  0.18  0.30  1.47 
 3.97 
 7.60 
ADEA  2.37  0.44  0.20  0.25  1.99 
 4.89 
 36.55 

Flywire Corp Corporate Management

Gary CunninghamChief OfficerProfile
Mohit KansalSenior ServicesProfile
Colin SmythSenior TravelProfile
Akil HollisVice RelationsProfile
Peter JDGeneral OfficerProfile
Ryan FrereExecutive B2BProfile
Eric SpearSenior EngineeringProfile