FLL vs ZDGE: Correlation
How closely do Full House Resorts, Inc. (FLL) and Zedge, Inc. (ZDGE) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLL and ZDGE?
On 3 years of weekly data the FLL/ZDGE correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 1886.7 %².
Within FLL's tracked universe of 15 assets, ZDGE comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ZDGE outperformed by 42.6 percentage points (-45.6% for FLL against -3.0% for ZDGE).
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.
FLL vs ZDGE: side by side
| FLL (Full House Resorts, Inc.) | ZDGE (Zedge, Inc.) | |
|---|---|---|
| 1-year return | -45.6% | -3.0% |
| 5-year return | -75.5% | -81.5% |
| Volatility (ann.) | 59.8% | 76.8% |
| Beta vs S&P 500 | 1.44 | 0.91 |
| Max drawdown (3Y) | -66.2% | -61.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLL | ZDGE |
|---|---|---|
| 2022 | -37.9% | -79.3% |
| 2023 | -28.6% | +33.5% |
| 2024 | -24.0% | +14.5% |
| 2025 | -36.0% | +22.5% |
| 2026 | -21.1% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLL and ZDGE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FLL and ZDGE?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.44 over the last year and 0.40 over 5 years.
Is ZDGE a good diversifier for FLL?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/fll-vs-zdge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fll-vs-zdge/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLL correlations · ZDGE correlations
