FLZH vs MPV: Correlation
Measured on weekly returns over the past three years, Flash Sports & Media Holdings, Inc. (FLZH) and Barings Participation Investors (MPV) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLZH and MPV?
On 3 years of weekly data the FLZH/MPV correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -1717.3 %².
Among the 31 assets we track against FLZH, MPV ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MPV outperformed by 85.3 percentage points (-99.2% for FLZH against -13.9% for MPV). Note the risk asymmetry: FLZH runs 20.2 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 MPV: side by side
| FLZH (Flash Sports & Media Holdings, Inc.) | MPV (Barings Participation Investors) | |
|---|---|---|
| 1-year return | -99.2% | -13.9% |
| 5-year return | -100.0% | +72.3% |
| Volatility (ann.) | 424.7% | 21.0% |
| Beta vs S&P 500 | -2.13 | 0.27 |
| Max drawdown (3Y) | -99.9% | -20.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 13.1 |
| Dividend yield | 0.00% | 9.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLZH | MPV |
|---|---|---|
| 2022 | -74.0% | -10.7% |
| 2023 | -48.5% | +39.1% |
| 2024 | -32.5% | +20.5% |
| 2025 | -70.4% | +0.7% |
| 2026 | -98.9% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLZH and MPV good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between FLZH and MPV?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.29 over the last year and -0.14 over 5 years.
Is MPV a good diversifier for FLZH?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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-mpv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flzh-vs-mpv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLZH correlations · MPV correlations
