Flex Correlations

FLEX Stock

USD 68.03 5.62 9.00%

The current 90-days correlation between Flex and Greenidge Generation Holdings is 0.32 (i.e., Weak diversification). The correlation of Flex 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.

Flex Correlation With Market

Very weak diversification

The correlation between Flex 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 Flex and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Flex Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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

Moving together with Flex Stock

0.71	LST	Light Science Techno	Pair Corr
0.64	601231	Universal Scientific	Pair Corr

Moving against Flex Stock

0.65	002175	Oriental Times Media	Pair Corr
0.44	MEI	Methode Electronics	Pair Corr
0.41	300333	Sinosun Tech	Pair Corr
0.31	300939	Shenzhen AV Display	Pair Corr
0.77	300248	Newcapec Electronics	Pair Corr
0.51	002036	LianChuang Electronic	Pair Corr

Related Correlations Analysis

	GREE	MRM	YFYA	JCVIX	TLRY	MRK	WKHS	RFLR	OAKU	PEPS
GREE		0.45	0.13	0.31	0.71	-0.21	-0.06	0.65	-0.08	0.34	GREE
MRM	0.45		0.38	0.01	0.31	0.09	0.01	0.54	0.18	0.37	MRM
YFYA	0.13	0.38		-0.25	-0.31	0.76	0.38	0.64	0.54	0.88	YFYA
JCVIX	0.31	0.01	-0.25		0.14	-0.29	0.25	0.36	-0.62	-0.01	JCVIX
TLRY	0.71	0.31	-0.31	0.14		-0.53	-0.49	0.18	-0.18	-0.11	TLRY
MRK	-0.21	0.09	0.76	-0.29	-0.53		0.49	0.31	0.5	0.52	MRK
WKHS	-0.06	0.01	0.38	0.25	-0.49	0.49		0.32	-0.09	0.33	WKHS
RFLR	0.65	0.54	0.64	0.36	0.18	0.31	0.32		0.22	0.79	RFLR
OAKU	-0.08	0.18	0.54	-0.62	-0.18	0.5	-0.09	0.22		0.38	OAKU
PEPS	0.34	0.37	0.88	-0.01	-0.11	0.52	0.33	0.79	0.38		PEPS
	GREE	MRM	YFYA	JCVIX	TLRY	MRK	WKHS	RFLR	OAKU	PEPS

Please upgrade your account to get full access to Macroaxis premium features

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

PEPS	+ 0.88	YFYA
PEPS	+ 0.79	RFLR
MRK	+ 0.76	YFYA
TLRY	+ 0.71	GREE
RFLR	+ 0.65	GREE
RFLR	+ 0.64	YFYA

High negative correlations

OAKU	- 0.62	JCVIX
MRK	- 0.53	TLRY
WKHS	- 0.49	TLRY
TLRY	- 0.31	YFYA
MRK	- 0.29	JCVIX
JCVIX	- 0.25	YFYA

Risk-Adjusted Indicators

There is a big difference between Flex Stock performing well and Flex 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 Flex'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
GREE	6.08	0.66	0.12	0.21	6.55	(7.04)	13.50	(10.22)	57.17
MRM	6.02	1.15	0.17	0.76	6.26	(7.62)	10.71	(13.40)	123.75
YFYA	0.08	0.00	(0.38)	0.14	0.00	(0.13)	0.10	(0.10)	0.81
JCVIX	0.73	(0.08)	(0.07)	0.00	0.91	(0.81)	1.50	(1.41)	4.03
TLRY	5.29	(0.41)	0.00	(0.18)	0.00	0.00	6.51	(8.33)	81.94
MRK	1.38	0.23	0.16	0.34	1.13	(1.79)	4.84	(2.60)	11.45
WKHS	32.00	17.51	3.15	(0.47)	2.39	(61.37)	12.50	(7.92)	1,040
RFLR	0.68	0.00	(0.01)	0.06	0.78	(0.75)	1.50	(1.41)	4.17
OAKU	0.51	0.01	(0.02)	0.11	0.86	(1.56)	2.21	(1.64)	7.65
PEPS	0.59	0.03	0.03	0.10	0.87	(0.56)	1.23	(1.33)	4.16

Flex Corporate Management

Gus Shahin	Chief Officer	Profile
Silvia Gianelli	Senior Communications	Profile
David Rubin	Vice Relations	Profile
Daniel Wendler	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC