Six Flags Correlations

FUN Stock

USD 46.39 0.32 0.69%

The current 90-days correlation between Six Flags Entertainment and SeaWorld Entertainment is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Six Flags moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Six Flags Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Six Flags Correlation With Market

Very weak diversification

The correlation between Six Flags Entertainment and DJI is 0.45 (i.e., Very weak 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.

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 employment.

Moving together with Six Stock

0.65	PBPB	Potbelly	Pair Corr
0.7	WEYS	Weyco Group	Pair Corr
0.69	ADT	ADT Inc	Pair Corr

Moving against Six Stock

0.63	PPERY	Bank Mandiri Persero	Pair Corr
0.57	TLK	Telkom Indonesia Tbk	Pair Corr
0.52	BKRKY	Bank Rakyat	Pair Corr
0.51	NKE	Nike Inc Aggressive Push	Pair Corr
0.49	PPERF	Bank Mandiri Persero	Pair Corr
0.45	BLMN	Bloomin Brands	Pair Corr
0.36	LOCO	El Pollo Loco	Pair Corr
0.36	NDLS	Noodles Company	Pair Corr
0.36	STKS	One Group Hospitality	Pair Corr
0.34	SKX	Skechers USA	Pair Corr
0.62	PBCRY	Bank Central Asia	Pair Corr
0.61	KO	Coca Cola Sell-off Trend	Pair Corr
0.55	VZ	Verizon Communications Aggressive Push	Pair Corr
0.54	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.47	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.46	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.41	PBCRF	PT Bank Central	Pair Corr
0.39	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.33	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	SEAS	PLNT	MSGE	MAT	SIX	JOUT	GOLF	OSW	ESCA	CLAR
SEAS		-0.36	0.54	0.02	-0.31	0.05	-0.47	0.01	-0.18	0.29	SEAS
PLNT	-0.36		-0.83	-0.26	0.85	-0.26	0.85	0.75	0.72	0.23	PLNT
MSGE	0.54	-0.83		0.33	-0.73	0.29	-0.7	-0.5	-0.49	0.08	MSGE
MAT	0.02	-0.26	0.33		-0.19	-0.03	-0.18	0.03	-0.1	0.23	MAT
SIX	-0.31	0.85	-0.73	-0.19		-0.56	0.73	0.8	0.59	0.06	SIX
JOUT	0.05	-0.26	0.29	-0.03	-0.56		0.02	-0.59	-0.2	0.3	JOUT
GOLF	-0.47	0.85	-0.7	-0.18	0.73	0.02		0.51	0.6	0.23	GOLF
OSW	0.01	0.75	-0.5	0.03	0.8	-0.59	0.51		0.68	0.31	OSW
ESCA	-0.18	0.72	-0.49	-0.1	0.59	-0.2	0.6	0.68		0.39	ESCA
CLAR	0.29	0.23	0.08	0.23	0.06	0.3	0.23	0.31	0.39		CLAR
	SEAS	PLNT	MSGE	MAT	SIX	JOUT	GOLF	OSW	ESCA	CLAR

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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

SIX	+ 0.85	PLNT
GOLF	+ 0.85	PLNT
OSW	+ 0.8	SIX
OSW	+ 0.75	PLNT
GOLF	+ 0.73	SIX
ESCA	+ 0.72	PLNT

High negative correlations

MSGE	- 0.83	PLNT
SIX	- 0.73	MSGE
GOLF	- 0.7	MSGE
OSW	- 0.59	JOUT
JOUT	- 0.56	SIX
OSW	- 0.5	MSGE

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	(0.04)	(0.05)	0.04	2.18	(1.94)	3.85	(3.45)	10.32
PLNT	1.30	0.25	0.15	0.45	1.14	(1.51)	3.44	(2.60)	12.22
MSGE	1.29	(0.35)	0.00	(0.17)	0.00	0.00	2.49	(2.56)	13.38
MAT	1.31	(0.06)	0.00	0.89	0.00	0.00	2.93	(2.31)	11.42
SIX	1.85	0.31	0.15	0.54	1.59	(2.30)	5.80	(3.33)	10.72
JOUT	1.39	(0.29)	0.00	(0.13)	0.00	0.00	2.76	(2.77)	8.15
GOLF	1.25	0.10	0.04	0.28	1.29	(1.56)	2.70	(2.74)	14.90
OSW	1.22	0.18	0.14	0.25	1.12	(1.48)	3.27	(2.29)	8.13
ESCA	2.22	0.00	0.02	0.12	3.27	(2.16)	5.20	(4.79)	16.07
CLAR	1.93	(0.13)	(0.03)	0.03	2.72	(1.83)	4.24	(4.77)	12.96

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