ADMA vs FLZH: Correlation
Measured on weekly returns over the past three years, ADMA Biologics Inc (ADMA) and Flash Sports & Media Holdings, Inc. (FLZH) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADMA and FLZH?
Across a 3-year window, the weekly returns of ADMA and FLZH correlate at -0.32, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.62) runs below the 3-year figure (-0.32). Stretching to 5 years gives -0.26, with an annualized covariance of -8154.4 %².
Out of 10 assets tracked against ADMA, FLZH lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months ADMA outperformed by 54.2 percentage points (-45.0% for ADMA against -99.2% for FLZH). One caveat on sizing: FLZH is 7.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADMA vs FLZH: side by side
| ADMA (ADMA Biologics Inc) | FLZH (Flash Sports & Media Holdings, Inc.) | |
|---|---|---|
| 1-year return | -45.0% | -99.2% |
| 5-year return | +612.8% | -100.0% |
| Volatility (ann.) | 59.2% | 424.7% |
| Beta vs S&P 500 | 1.12 | -2.13 |
| Max drawdown (3Y) | -69.0% | -99.9% |
| Market cap | $2.1B | – |
| P/E (trailing) | 13.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADMA | FLZH |
|---|---|---|
| 2022 | +175.2% | -74.0% |
| 2023 | +16.5% | -48.5% |
| 2024 | +279.4% | -32.5% |
| 2025 | +6.4% | -70.4% |
| 2026 | -48.0% | -98.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADMA and FLZH good diversifiers for each other?
Yes. With a correlation of -0.32, ADMA and FLZH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADMA and FLZH?
As of 2026-08-27, the correlation of weekly returns between ADMA and FLZH is -0.32 over 3 years, -0.62 over 1 year and -0.26 over 5 years.
Is FLZH a good diversifier for ADMA?
Yes. With a correlation of -0.32, ADMA and FLZH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: ADMA correlations · FLZH correlations
