BTOC vs FLXS: Correlation
Measured on weekly returns over the past three years, Armlogi Holding Corp. (BTOC) and Flexsteel Industries, Inc. (FLXS) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTOC and FLXS?
On 3 years of weekly data the BTOC/FLXS correlation comes out at 0.40, moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.40). The 5-year figure is n/a, and annualized covariance runs at 1926.8 %².
FLXS is one of the assets that tracks BTOC most closely: it ranks #2 out of the 10 assets we track against BTOC. Their recent paths diverged sharply: over the last 12 months FLXS outperformed by 162.7 percentage points (-79.7% for BTOC against +83.0% for FLXS).
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.
BTOC vs FLXS: side by side
| BTOC (Armlogi Holding Corp.) | FLXS (Flexsteel Industries, Inc.) | |
|---|---|---|
| 1-year return | -79.7% | +83.0% |
| 5-year return | n/a | +162.8% |
| Volatility (ann.) | 83.6% | 58.9% |
| Beta vs S&P 500 | 1.75 | 0.68 |
| Max drawdown (3Y) | -97.1% | -54.1% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 13.4 |
| Dividend yield | 0.00% | 1.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTOC | FLXS |
|---|---|---|
| 2022 | – | -40.7% |
| 2023 | – | +26.1% |
| 2024 | – | +192.9% |
| 2025 | -87.5% | -25.9% |
| 2026 | -44.6% | +109.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTOC and FLXS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BTOC and FLXS?
As of 2026-08-27, the correlation of weekly returns between BTOC and FLXS is 0.40 over 3 years, 0.19 over 1 year and n/a over 5 years.
Is FLXS a good diversifier for BTOC?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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/btoc-vs-flxs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btoc-vs-flxs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTOC correlations · FLXS correlations
