CVR vs FLZH: Correlation
Chicago Rivet & Machine Co. (CVR) and Flash Sports & Media Holdings, Inc. (FLZH) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVR and FLZH?
Over the past 3 years, CVR and FLZH moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.31 over 3 years. Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -6641.0 %².
Among the 11 assets we track against CVR, FLZH sits near the bottom by co-movement, at rank #11. The last year tells two different stories: CVR led by 100.2 percentage points, +1.0% for CVR against -99.2% for FLZH. Risk is not evenly split, since FLZH carries 8.4 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.
CVR vs FLZH: side by side
| CVR (Chicago Rivet & Machine Co.) | FLZH (Flash Sports & Media Holdings, Inc.) | |
|---|---|---|
| 1-year return | +1.0% | -99.2% |
| 5-year return | -56.4% | -100.0% |
| Volatility (ann.) | 50.8% | 424.7% |
| Beta vs S&P 500 | 0.97 | -2.13 |
| Max drawdown (3Y) | -58.1% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVR | FLZH |
|---|---|---|
| 2022 | +12.5% | -74.0% |
| 2023 | -39.0% | -48.5% |
| 2024 | -4.8% | -32.5% |
| 2025 | -11.3% | -70.4% |
| 2026 | -27.2% | -98.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVR and FLZH good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CVR and FLZH?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.46 over the last year and -0.26 over 5 years.
Is FLZH a good diversifier for CVR?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvr-vs-flzh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvr-vs-flzh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVR correlations · FLZH correlations
