Flywire Corp Correlations

FLYW Stock

USD 10.12 0.17 1.65%

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

Modest diversification

The correlation between Flywire Corp and DJI is 0.2 (i.e., Modest 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 manufacturing.

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

Moving together with Flywire Stock

0.89	S	SentinelOne	Pair Corr
0.65	NN	Nextnav Acquisition Corp	Pair Corr
0.74	VRNS	Varonis Systems	Pair Corr
0.87	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.74	EVCM	EverCommerce	Pair Corr
0.89	FIVN	Five9 Inc	Pair Corr
0.75	FOUR	Shift4 Payments	Pair Corr
0.86	DBX	Dropbox	Pair Corr
0.71	DLO	Dlocal Tech Boost	Pair Corr
0.82	GCT	GigaCloud Technology	Pair Corr
0.65	MDB	MongoDB	Pair Corr

Moving against Flywire Stock

0.78	VRSN	VeriSign	Pair Corr
0.72	EVTC	Evertec	Pair Corr
0.62	MQ	Marqeta Tech Boost	Pair Corr
0.44	GB	Global Blue Group	Pair Corr
0.36	JG	Aurora Mobile	Pair Corr
0.69	SWI	SolarWinds Corp	Pair Corr
0.68	TCX	Tucows Inc	Pair Corr
0.52	DOX	Amdocs	Pair Corr
0.52	HCP	Hashicorp	Pair Corr
0.37	XBP	XBP Europe Holdings Tech Boost	Pair Corr
0.36	VHC	VirnetX Holding Corp	Pair Corr

Related Correlations Analysis

	ESMT	EVTC	BASE	IIIV	EVCM	IMXI	NTCT	GB	CSGS	CCSI
ESMT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ESMT
EVTC	0.0		-0.4	-0.16	-0.19	-0.62	-0.48	0.05	0.28	-0.42	EVTC
BASE	0.0	-0.4		0.77	0.04	0.15	0.83	-0.15	0.46	0.8	BASE
IIIV	0.0	-0.16	0.77		-0.1	-0.2	0.75	-0.09	0.72	0.75	IIIV
EVCM	0.0	-0.19	0.04	-0.1		0.77	0.23	-0.66	-0.48	0.01	EVCM
IMXI	0.0	-0.62	0.15	-0.2	0.77		0.25	-0.34	-0.7	0.03	IMXI
NTCT	0.0	-0.48	0.83	0.75	0.23	0.25		-0.36	0.43	0.81	NTCT
GB	0.0	0.05	-0.15	-0.09	-0.66	-0.34	-0.36		0.02	-0.2	GB
CSGS	0.0	0.28	0.46	0.72	-0.48	-0.7	0.43	0.02		0.5	CSGS
CCSI	0.0	-0.42	0.8	0.75	0.01	0.03	0.81	-0.2	0.5		CCSI
	ESMT	EVTC	BASE	IIIV	EVCM	IMXI	NTCT	GB	CSGS	CCSI

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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

NTCT	+ 0.83	BASE
CCSI	+ 0.81	NTCT
CCSI	+ 0.8	BASE
IIIV	+ 0.77	BASE
IMXI	+ 0.77	EVCM
NTCT	+ 0.75	IIIV

High negative correlations

CSGS	- 0.7	IMXI
GB	- 0.66	EVCM
IMXI	- 0.62	EVTC
CSGS	- 0.48	EVCM
NTCT	- 0.48	EVTC
CCSI	- 0.42	EVTC

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
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVTC	1.26	0.11	0.10	0.13	1.37	(1.57)	2.06	(1.85)	18.49
BASE	2.21	(0.13)	0.00	(0.20)	0.00	0.00	3.11	(5.02)	22.01
IIIV	1.61	0.15	0.08	0.10	1.81	(1.75)	3.09	(2.81)	13.80
EVCM	1.58	(0.18)	0.00	(0.22)	0.00	0.00	3.22	(3.52)	10.24
IMXI	1.64	(0.64)	0.00	(1.28)	0.00	0.00	2.91	(3.83)	20.39
NTCT	1.49	0.04	0.00	(0.04)	0.00	0.00	2.27	(3.31)	16.99
GB	1.79	0.32	0.17	3.36	1.72	(2.20)	3.86	(3.54)	18.44
CSGS	1.25	0.23	0.15	0.20	1.41	(1.29)	2.82	(2.16)	8.74
CCSI	1.98	0.09	0.02	0.00	3.01	(1.82)	4.01	(4.06)	20.81

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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