Six Flags Correlations

Six Flags Correlation With Market

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Six Flags Entertainment. 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.

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 PTON + 0.87 SBET YETI + 0.85 VAC YETI + 0.82 PRKS MODG + 0.78 DRVN YETI + 0.78 DRVN VAC + 0.75 PRKS

High negative correlations PTON - 0.83 MODG PTON - 0.79 DRVN MODG - 0.76 SBET SBET - 0.64 DRVN PTON - 0.52 YETI MODG - 0.43 CPRI

Risk-Adjusted Indicators

There is a big difference between Six Stock performing well and Six Flags 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 Six Flags' 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.