Six Flags Correlations
| SIXDelisted Stock | USD 32.00 0.82 2.50% |
The current 90-days correlation between Six Flags Entertainment and SeaWorld Entertainment is -0.04 (i.e., Good diversification). The correlation of Six Flags 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.
Six Flags Correlation With Market
Modest diversification
The correlation between Six Flags Entertainment and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Six Flags Entertainment and DJI in the same portfolio, assuming nothing else is changed.
Six |
Moving together with Six Stock
| 0.66 | HPQ | HP Inc | PairCorr |
| 0.9 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.9 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.65 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.78 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.77 | WMT | Walmart Aggressive Push | PairCorr |
| 0.89 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.76 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against Six Stock
| 0.88 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.86 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.84 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.71 | AAGH | America Great Health | PairCorr |
| 0.61 | NNAX | New Momentum | PairCorr |
| 0.56 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.39 | AMIX | Autonomix Medical, Common | PairCorr |
| 0.36 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SEAS | 1.85 | 0.07 | (0.05) | (0.04) | 2.18 | 3.85 | 10.32 | |||
| JAKK | 1.99 | 0.33 | 0.09 | 11.51 | 2.08 | 3.97 | 20.03 | |||
| OSW | 1.23 | 0.21 | 0.16 | 0.27 | 1.11 | 3.27 | 8.13 | |||
| CLAR | 1.90 | (0.16) | (0.04) | 0.00 | 2.74 | 4.24 | 12.96 | |||
| FUN | 1.68 | (0.09) | (0.02) | 0.06 | 2.02 | 3.54 | 9.00 | |||
| JOUT | 1.35 | (0.23) | 0.00 | (0.07) | 0.00 | 2.89 | 8.15 | |||
| GOLF | 1.23 | 0.08 | 0.02 | 0.26 | 1.36 | 2.22 | 14.90 | |||
| MAT | 1.27 | (0.03) | 0.00 | 0.56 | 0.00 | 2.93 | 11.42 | |||
| XPOF | 2.92 | 0.06 | 0.02 | 0.17 | 3.25 | 5.96 | 35.52 | |||
| LTH | 1.58 | (0.07) | (0.02) | 0.06 | 2.05 | 3.14 | 13.48 |
Six Flags Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Six Flags stock to make a market-neutral strategy. Peer analysis of Six Flags could also be used in its relative valuation, which is a method of valuing Six Flags by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Six Flags Entertainment?
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