Flutter Entertainment Correlations
| FLUT Stock | 238.02 3.10 1.29% |
The current 90-days correlation between Flutter Entertainment plc and Ameriprise Financial is 0.55 (i.e., Very weak 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
Very weak diversification
The correlation between Flutter Entertainment plc and DJI is 0.44 (i.e., Very weak 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.
Flutter |
Moving together with Flutter Stock
| 0.8 | LOCO | El Pollo Loco | PairCorr |
| 0.69 | W | Wayfair Trending | PairCorr |
| 0.72 | HD | Home Depot | PairCorr |
| 0.66 | ETSY | Etsy Inc Buyout Trend | PairCorr |
| 0.8 | EWCZ | European Wax Center Potential Growth | PairCorr |
| 0.79 | BBY | Best Buy Sell-off Trend | PairCorr |
| 0.72 | DDS | Dillards | PairCorr |
| 0.71 | DKS | Dicks Sporting Goods | PairCorr |
| 0.69 | GIL | Gildan Activewear | PairCorr |
Moving against Flutter Stock
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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMP | 1.25 | (0.09) | 0.00 | (0.06) | 0.00 | 2.19 | 8.79 | |||
| RYAAY | 1.52 | 0.03 | 0.02 | 0.03 | 1.72 | 3.53 | 12.11 | |||
| EGP | 1.08 | 0.08 | 0.05 | 0.11 | 1.30 | 1.88 | 7.67 | |||
| TW | 1.14 | 0.13 | 0.09 | 0.43 | 1.25 | 2.36 | 5.87 | |||
| WAB | 1.31 | (0.06) | 0.00 | (0.05) | 0.00 | 2.30 | 12.32 | |||
| JYNT | 1.62 | 0.24 | 0.15 | 0.27 | 1.39 | 4.55 | 10.24 | |||
| ALK | 2.07 | (0.21) | 0.00 | (1.25) | 0.00 | 3.40 | 12.94 |
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 |