BR vs FLZH: Correlation
Broadridge Financial Solutions (BR) and Flash Sports & Media Holdings, Inc. (FLZH) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and FLZH?
Across a 3-year window, the weekly returns of BR and FLZH correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.15, with an annualized covariance of -2325.9 %².
Among the 45 assets we track against BR, FLZH sits near the bottom by co-movement, at rank #42. Correlation aside, the last 12 months split them widely, with BR ahead by 71.6 points (-27.6% versus -99.2%). Risk is not evenly split, since FLZH carries 18.8 times the volatility of the other side.
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.
BR vs FLZH: side by side
| BR (Broadridge Financial Solutions) | FLZH (Flash Sports & Media Holdings, Inc.) | |
|---|---|---|
| 1-year return | -27.6% | -99.2% |
| 5-year return | +16.0% | -100.0% |
| Volatility (ann.) | 22.6% | 424.7% |
| Beta vs S&P 500 | 0.65 | -2.13 |
| Max drawdown (3Y) | -48.2% | -99.9% |
| Market cap | $20.9B | – |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 2.15% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BR | FLZH |
|---|---|---|
| 2022 | -25.3% | -74.0% |
| 2023 | +56.2% | -48.5% |
| 2024 | +11.7% | -32.5% |
| 2025 | +0.3% | -70.4% |
| 2026 | -17.0% | -98.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and FLZH good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BR and FLZH?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.33 over the last year and -0.15 over 5 years.
Is FLZH a good diversifier for BR?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/br-vs-flzh.json
Embed this badge (it refreshes with the data), with attribution:
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BR correlations · FLZH correlations
