EVC vs FLEX: Correlation
Measured on weekly returns over the past three years, Entravision Communications Corporation (EVC) and Flex Ltd. (FLEX) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVC and FLEX?
Over the past 3 years, EVC and FLEX moved with a correlation of 0.43, which is moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.43). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 1810.2 %².
Within EVC's tracked universe of 19 assets, FLEX comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EVC outperformed by 117.5 percentage points (+232.1% for EVC against +114.6% for FLEX). Risk is not evenly split, since EVC carries 1.6 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.
EVC vs FLEX: side by side
| EVC (Entravision Communications Corporation) | FLEX (Flex Ltd.) | |
|---|---|---|
| 1-year return | +232.1% | +114.6% |
| 5-year return | +53.1% | +716.5% |
| Volatility (ann.) | 82.5% | 50.9% |
| Beta vs S&P 500 | 0.94 | 1.70 |
| Max drawdown (3Y) | -67.4% | -40.0% |
| Market cap | $0.7B | $42.6B |
| P/E (trailing) | 404.5 | 43.2 |
| Dividend yield | 2.50% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | EVC | FLEX |
|---|---|---|
| 2022 | -27.8% | +17.1% |
| 2023 | -9.2% | +41.9% |
| 2024 | -37.6% | +67.2% |
| 2025 | +35.8% | +57.4% |
| 2026 | +182.3% | +90.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVC and FLEX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EVC and FLEX?
The EVC/FLEX correlation stands at 0.43 on a 3-year window (1 year: 0.62, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is FLEX a good diversifier for EVC?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/evc-vs-flex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evc-vs-flex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVC correlations · FLEX correlations
