FLZH vs MGRX: Correlation
Measured on weekly returns over the past three years, Flash Sports & Media Holdings, Inc. (FLZH) and Mangoceuticals, Inc. (MGRX) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLZH and MGRX?
Across a 3-year window, the weekly returns of FLZH and MGRX correlate at 0.63, strong. Lately the two have moved closer together, with the 1-year correlation at 0.82 versus 0.63 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 47749.5 %².
Few assets follow FLZH as closely as MGRX, which ranks #2 of 31 tracked partners. Their recent paths diverged sharply: over the last 12 months MGRX outperformed by 19.6 percentage points (-99.2% for FLZH against -79.6% for MGRX). Note the risk asymmetry: FLZH runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FLZH vs MGRX: side by side
| FLZH (Flash Sports & Media Holdings, Inc.) | MGRX (Mangoceuticals, Inc.) | |
|---|---|---|
| 1-year return | -99.2% | -79.6% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 424.7% | 178.7% |
| Beta vs S&P 500 | -2.13 | -1.27 |
| Max drawdown (3Y) | -99.9% | -99.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLZH | MGRX |
|---|---|---|
| 2022 | -74.0% | – |
| 2023 | -48.5% | – |
| 2024 | -32.5% | -41.8% |
| 2025 | -70.4% | -69.4% |
| 2026 | -98.9% | -45.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLZH and MGRX good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FLZH and MGRX?
The FLZH/MGRX correlation stands at 0.63 on a 3-year window (1 year: 0.82, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MGRX a good diversifier for FLZH?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
A reading of 0.63 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/flzh-vs-mgrx.json
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[](https://www.pairbook.io/pair/flzh-vs-mgrx/)
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Related comparisons
Hubs: FLZH correlations · MGRX correlations
