CTAS vs FLZH: Correlation
Measured on weekly returns over the past three years, Cintas (CTAS) and Flash Sports & Media Holdings, Inc. (FLZH) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTAS and FLZH?
On 3 years of weekly data the CTAS/FLZH correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.31) than the 3-year average (-0.19). The 5-year figure is -0.13, and annualized covariance runs at -1905.4 %².
By 3-year correlation, FLZH places #29 of the 38 assets tracked against CTAS. The last year tells two different stories: CTAS led by 95.9 percentage points, -3.3% for CTAS against -99.2% for FLZH. One caveat on sizing: FLZH is 18.3 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.
CTAS vs FLZH: side by side
| CTAS (Cintas) | FLZH (Flash Sports & Media Holdings, Inc.) | |
|---|---|---|
| 1-year return | -3.3% | -99.2% |
| 5-year return | +117.4% | -100.0% |
| Volatility (ann.) | 23.2% | 424.7% |
| Beta vs S&P 500 | 0.71 | -2.13 |
| Max drawdown (3Y) | -27.7% | -99.9% |
| Market cap | $81.7B | – |
| P/E (trailing) | 41.8 | – |
| Dividend yield | 0.87% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CTAS | FLZH |
|---|---|---|
| 2022 | +3.0% | -74.0% |
| 2023 | +34.8% | -48.5% |
| 2024 | +22.2% | -32.5% |
| 2025 | +3.8% | -70.4% |
| 2026 | +9.4% | -98.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTAS and FLZH good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CTAS and FLZH?
The CTAS/FLZH correlation stands at -0.19 on a 3-year window (1 year: -0.31, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is FLZH a good diversifier for CTAS?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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/ctas-vs-flzh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ctas-vs-flzh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTAS correlations · FLZH correlations
