FLEX vs TBLA: Correlation
How closely do Flex Ltd. (FLEX) and Taboola.com Ltd. (TBLA) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLEX and TBLA?
Across a 3-year window, the weekly returns of FLEX and TBLA correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.46, with an annualized covariance of 1177.4 %².
Within FLEX's tracked universe of 45 assets, TBLA comes in at #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FLEX outperformed by 103.1 percentage points (+114.6% for FLEX against +11.5% for TBLA).
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 TBLA: side by side
| FLEX (Flex Ltd.) | TBLA (Taboola.com Ltd.) | |
|---|---|---|
| 1-year return | +114.6% | +11.5% |
| 5-year return | +716.5% | -57.5% |
| Volatility (ann.) | 50.9% | 47.2% |
| Beta vs S&P 500 | 1.70 | 1.17 |
| Max drawdown (3Y) | -40.0% | -47.8% |
| Market cap | $42.6B | $1.0B |
| P/E (trailing) | 43.2 | 9.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | FLEX | TBLA |
|---|---|---|
| 2022 | +17.1% | -60.4% |
| 2023 | +41.9% | +40.6% |
| 2024 | +67.2% | -15.7% |
| 2025 | +57.4% | +26.3% |
| 2026 | +90.8% | -18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLEX and TBLA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FLEX and TBLA?
The FLEX/TBLA correlation stands at 0.49 on a 3-year window (1 year: 0.58, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is TBLA a good diversifier for FLEX?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/flex-vs-tbla.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flex-vs-tbla/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLEX correlations · TBLA correlations
