Correlation Between Flutter Entertainment and Polarean Imaging

Can any of the company-specific risk be diversified away by investing in both Flutter Entertainment and Polarean Imaging at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Flutter Entertainment and Polarean Imaging into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Flutter Entertainment PLC and Polarean Imaging Plc, you can compare the effects of market volatilities on Flutter Entertainment and Polarean Imaging and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Flutter Entertainment with a short position of Polarean Imaging. Check out your portfolio center. Please also check ongoing floating volatility patterns of Flutter Entertainment and Polarean Imaging.

Diversification Opportunities for Flutter Entertainment and Polarean Imaging

0.88

Correlation Coefficient

Flutter Entertainment  Polarean Imaging

Very poor diversification

The 3 months correlation between Flutter and Polarean is 0.88. Overlapping area represents the amount of risk that can be diversified away by holding Flutter Entertainment PLC and Polarean Imaging Plc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Polarean Imaging Plc and Flutter Entertainment is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Flutter Entertainment PLC are associated (or correlated) with Polarean Imaging. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Polarean Imaging Plc has no effect on the direction of Flutter Entertainment i.e., Flutter Entertainment and Polarean Imaging go up and down completely randomly.

Pair Corralation between Flutter Entertainment and Polarean Imaging

Assuming the 90 days trading horizon Flutter Entertainment PLC is expected to generate 0.3 times more return on investment than Polarean Imaging. However, Flutter Entertainment PLC is 3.3 times less risky than Polarean Imaging. It trades about 0.02 of its potential returns per unit of risk. Polarean Imaging Plc is currently generating about -0.06 per unit of risk. If you would invest  1,405,500  in Flutter Entertainment PLC on September 13, 2025 and sell it today you would earn a total of  219,000  from holding Flutter Entertainment PLC or generate 15.58% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Strong
Accuracy	99.8%
Values	Daily Returns

Flutter Entertainment PLC  vs.  Polarean Imaging Plc

Flutter Entertainment PLC

Risk-Adjusted Performance

Weakest

Over the last 90 days Flutter Entertainment PLC has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in January 2026. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Polarean Imaging Plc

Risk-Adjusted Performance

Weakest

Over the last 90 days Polarean Imaging Plc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in January 2026. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with Flutter Entertainment and Polarean Imaging

The main advantage of trading using opposite Flutter Entertainment and Polarean Imaging positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Flutter Entertainment position performs unexpectedly, Polarean Imaging can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Polarean Imaging will offset losses from the drop in Polarean Imaging's long position.

The idea behind Flutter Entertainment PLC and Polarean Imaging Plc pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.