DIT vs FLZH: Correlation
AMCON Distributing Company (DIT) and Flash Sports & Media Holdings, Inc. (FLZH) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIT and FLZH?
Over the past 3 years, DIT and FLZH moved with a correlation of 0.30, which is moderate. The link has tightened recently: the 1-year correlation (0.52) runs above the 3-year figure (0.30). Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 4545.3 %².
Few assets follow DIT as closely as FLZH, which ranks #2 of 11 tracked partners. The last year tells two different stories: DIT led by 89.3 percentage points, -9.9% for DIT against -99.2% for FLZH. One caveat on sizing: FLZH is 11.9 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.
DIT vs FLZH: side by side
| DIT (AMCON Distributing Company) | FLZH (Flash Sports & Media Holdings, Inc.) | |
|---|---|---|
| 1-year return | -9.9% | -99.2% |
| 5-year return | -29.8% | -100.0% |
| Volatility (ann.) | 35.6% | 424.7% |
| Beta vs S&P 500 | 0.09 | -2.13 |
| Max drawdown (3Y) | -55.9% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | 35.8 | – |
| Dividend yield | 0.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DIT | FLZH |
|---|---|---|
| 2022 | -6.4% | -74.0% |
| 2023 | +8.1% | -48.5% |
| 2024 | -33.7% | -32.5% |
| 2025 | -12.8% | -70.4% |
| 2026 | -6.1% | -98.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIT and FLZH good diversifiers for each other?
Reasonably. At 0.30, DIT and FLZH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DIT and FLZH?
The DIT/FLZH correlation stands at 0.30 on a 3-year window (1 year: 0.52, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is FLZH a good diversifier for DIT?
Reasonably. At 0.30, DIT and FLZH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 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/dit-vs-flzh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dit-vs-flzh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DIT correlations · FLZH correlations
