BYFC vs FLEX: Correlation
Measured on weekly returns over the past three years, Broadway Financial Corporation (BYFC) and Flex Ltd. (FLEX) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYFC and FLEX?
Over the past 3 years, BYFC and FLEX moved with a correlation of 0.36, which is moderate. The past 12 months show a tighter link (0.48) than the 3-year average (0.36). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 857.0 %².
FLEX is one of the assets that tracks BYFC most closely: it ranks #1 out of the 12 assets we track against BYFC. Correlation aside, the last 12 months split them widely, with FLEX ahead by 59.8 points (+54.8% versus +114.6%).
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.
BYFC vs FLEX: side by side
| BYFC (Broadway Financial Corporation) | FLEX (Flex Ltd.) | |
|---|---|---|
| 1-year return | +54.8% | +114.6% |
| 5-year return | -59.2% | +716.5% |
| Volatility (ann.) | 47.2% | 50.9% |
| Beta vs S&P 500 | 0.86 | 1.70 |
| Max drawdown (3Y) | -43.5% | -40.0% |
| Market cap | $0.1B | $42.6B |
| P/E (trailing) | – | 43.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BYFC | FLEX |
|---|---|---|
| 2022 | -56.3% | +17.1% |
| 2023 | -16.0% | +41.9% |
| 2024 | +0.9% | +67.2% |
| 2025 | +8.0% | +57.4% |
| 2026 | +62.8% | +90.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYFC and FLEX good diversifiers for each other?
Reasonably. At 0.36, BYFC and FLEX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BYFC and FLEX?
The BYFC/FLEX correlation stands at 0.36 on a 3-year window (1 year: 0.48, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is FLEX a good diversifier for BYFC?
Reasonably. At 0.36, BYFC and FLEX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/byfc-vs-flex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/byfc-vs-flex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BYFC correlations · FLEX correlations
