DERM vs FLZH: Correlation
Journey Medical Corporation (DERM) and Flash Sports & Media Holdings, Inc. (FLZH) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DERM and FLZH?
Across a 3-year window, the weekly returns of DERM and FLZH correlate at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.54 versus -0.28 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -8372.9 %².
Out of 15 assets tracked against DERM, FLZH lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months DERM outperformed by 99.9 percentage points (+0.7% for DERM against -99.2% for FLZH). Note the risk asymmetry: FLZH runs 5.9 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.
DERM vs FLZH: side by side
| DERM (Journey Medical Corporation) | FLZH (Flash Sports & Media Holdings, Inc.) | |
|---|---|---|
| 1-year return | +0.7% | -99.2% |
| 5-year return | -23.9% | -100.0% |
| Volatility (ann.) | 71.7% | 424.7% |
| Beta vs S&P 500 | 0.46 | -2.13 |
| Max drawdown (3Y) | -63.3% | -99.9% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DERM | FLZH |
|---|---|---|
| 2022 | -64.3% | -74.0% |
| 2023 | +200.0% | -48.5% |
| 2024 | -32.1% | -32.5% |
| 2025 | +97.2% | -70.4% |
| 2026 | -2.3% | -98.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DERM and FLZH good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DERM and FLZH?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.54 over the last year and -0.13 over 5 years.
Is FLZH a good diversifier for DERM?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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/derm-vs-flzh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/derm-vs-flzh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DERM correlations · FLZH correlations
