FLEX vs FSEA: Correlation
Measured on weekly returns over the past three years, Flex Ltd. (FLEX) and First Seacoast Bancorp, Inc. (FSEA) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLEX and FSEA?
On 3 years of weekly data the FLEX/FSEA correlation comes out at 0.52, moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.52). The 5-year figure is 0.42, and annualized covariance runs at 881.2 %².
Within FLEX's tracked universe of 45 assets, FSEA comes in at #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FLEX outperformed by 65.7 percentage points (+114.6% for FLEX against +48.9% for FSEA). Risk is not evenly split, since FLEX carries 1.5 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.
FLEX vs FSEA: side by side
| FLEX (Flex Ltd.) | FSEA (First Seacoast Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +114.6% | +48.9% |
| 5-year return | +716.5% | +44.2% |
| Volatility (ann.) | 50.9% | 33.2% |
| Beta vs S&P 500 | 1.70 | 0.19 |
| Max drawdown (3Y) | -40.0% | -21.5% |
| Market cap | $42.6B | $0.1B |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | FLEX | FSEA |
|---|---|---|
| 2022 | +17.1% | -10.5% |
| 2023 | +41.9% | -32.7% |
| 2024 | +67.2% | +30.6% |
| 2025 | +57.4% | +31.5% |
| 2026 | +90.8% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLEX and FSEA good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FLEX and FSEA?
As of 2026-08-27, the correlation of weekly returns between FLEX and FSEA is 0.52 over 3 years, 0.68 over 1 year and 0.42 over 5 years.
Is FSEA a good diversifier for FLEX?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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/flex-vs-fsea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flex-vs-fsea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLEX correlations · FSEA correlations
