BUR vs FLZH: Correlation
Measured on weekly returns over the past three years, Burford Capital Limited (BUR) and Flash Sports & Media Holdings, Inc. (FLZH) carry a correlation of -0.53, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUR and FLZH?
Over the past 3 years, BUR and FLZH moved with a correlation of -0.53, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.76) runs below the 3-year figure (-0.53). Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -10522.5 %².
Among the 15 assets we track against BUR, FLZH sits near the bottom by co-movement, at rank #15. Correlation aside, the last 12 months split them widely, with BUR ahead by 31.0 points (-68.2% versus -99.2%). Note the risk asymmetry: FLZH runs 9.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BUR vs FLZH: side by side
| BUR (Burford Capital Limited) | FLZH (Flash Sports & Media Holdings, Inc.) | |
|---|---|---|
| 1-year return | -68.2% | -99.2% |
| 5-year return | -62.0% | -100.0% |
| Volatility (ann.) | 46.5% | 424.7% |
| Beta vs S&P 500 | 1.40 | -2.13 |
| Max drawdown (3Y) | -75.5% | -99.9% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUR | FLZH |
|---|---|---|
| 2022 | -21.6% | -74.0% |
| 2023 | +93.3% | -48.5% |
| 2024 | -17.5% | -32.5% |
| 2025 | -29.7% | -70.4% |
| 2026 | -50.9% | -98.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUR and FLZH good diversifiers for each other?
By historical standards, yes. A correlation of -0.53 means the two rarely move for the same reasons.
FAQ
What is the correlation between BUR and FLZH?
As of 2026-08-27, the correlation of weekly returns between BUR and FLZH is -0.53 over 3 years, -0.76 over 1 year and -0.36 over 5 years.
Is FLZH a good diversifier for BUR?
By historical standards, yes. A correlation of -0.53 means the two rarely move for the same reasons.
What does a correlation of -0.53 mean?
On the −1 to +1 scale, -0.53 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
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Related comparisons
Hubs: BUR correlations · FLZH correlations
