FLZH vs MKDW: Correlation
Flash Sports & Media Holdings, Inc. (FLZH) and MKDWELL Tech Inc. (MKDW) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLZH and MKDW?
On 3 years of weekly data the FLZH/MKDW correlation comes out at 0.54, moderate. The link has tightened recently: the 1-year correlation (0.82) runs above the 3-year figure (0.54). The 5-year figure is n/a, and annualized covariance runs at 30155.6 %².
Few assets follow FLZH as closely as MKDW, which ranks #3 of 31 tracked partners. Their recent paths diverged sharply: over the last 12 months MKDW outperformed by 182.3 percentage points (-99.2% for FLZH against +83.1% for MKDW). One caveat on sizing: FLZH is 3.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MKDW: side by side
| FLZH (Flash Sports & Media Holdings, Inc.) | MKDW (MKDWELL Tech Inc.) | |
|---|---|---|
| 1-year return | -99.2% | +83.1% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 424.7% | 130.7% |
| Beta vs S&P 500 | -2.13 | 1.90 |
| Max drawdown (3Y) | -99.9% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLZH | MKDW |
|---|---|---|
| 2022 | -74.0% | – |
| 2023 | -48.5% | – |
| 2024 | -32.5% | -91.3% |
| 2025 | -70.4% | -82.6% |
| 2026 | -98.9% | +138.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLZH and MKDW good diversifiers for each other?
Only partially. A correlation of 0.54 means FLZH and MKDW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FLZH and MKDW?
The FLZH/MKDW correlation stands at 0.54 on a 3-year window (1 year: 0.82, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MKDW a good diversifier for FLZH?
Only partially. A correlation of 0.54 means FLZH and MKDW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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/flzh-vs-mkdw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flzh-vs-mkdw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FLZH correlations · MKDW correlations
