ALZN vs FLZH: Correlation
Measured on weekly returns over the past three years, Alzamend Neuro, Inc. (ALZN) and Flash Sports & Media Holdings, Inc. (FLZH) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALZN and FLZH?
Across a 3-year window, the weekly returns of ALZN and FLZH correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.56) than the 3-year average (-0.27). Stretching to 5 years gives -0.20, with an annualized covariance of -10732.9 %².
Out of 10 assets tracked against ALZN, FLZH lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with ALZN ahead by 66.9 points (-32.3% versus -99.2%). One caveat on sizing: FLZH is 4.6 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.
ALZN vs FLZH: side by side
| ALZN (Alzamend Neuro, Inc.) | FLZH (Flash Sports & Media Holdings, Inc.) | |
|---|---|---|
| 1-year return | -32.3% | -99.2% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 92.3% | 424.7% |
| Beta vs S&P 500 | 0.81 | -2.13 |
| Max drawdown (3Y) | -99.8% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALZN | FLZH |
|---|---|---|
| 2022 | -70.3% | -74.0% |
| 2023 | -89.5% | -48.5% |
| 2024 | -87.0% | -32.5% |
| 2025 | -82.6% | -70.4% |
| 2026 | -8.5% | -98.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALZN and FLZH good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALZN and FLZH?
As of 2026-08-27, the correlation of weekly returns between ALZN and FLZH is -0.27 over 3 years, -0.56 over 1 year and -0.20 over 5 years.
Is FLZH a good diversifier for ALZN?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alzn-vs-flzh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alzn-vs-flzh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALZN correlations · FLZH correlations
