FLZH vs RDGT: Correlation
How closely do Flash Sports & Media Holdings, Inc. (FLZH) and Ridgetech, Inc. (RDGT) trade together? Their weekly returns over three years give a correlation of -0.46, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLZH and RDGT?
On 3 years of weekly data the FLZH/RDGT correlation comes out at -0.46, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.53) sits close to the 3-year figure. The 5-year figure is -0.35, and annualized covariance runs at -23450.3 %².
Out of 31 assets tracked against FLZH, RDGT lands near the bottom at #30. Twelve-month performance is nearly a tie, at -99.2% for FLZH and -99.5% for RDGT. One caveat on sizing: FLZH is 3.5 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 RDGT: side by side
| FLZH (Flash Sports & Media Holdings, Inc.) | RDGT (Ridgetech, Inc.) | |
|---|---|---|
| 1-year return | -99.2% | -99.5% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 424.7% | 120.7% |
| Beta vs S&P 500 | -2.13 | 0.28 |
| Max drawdown (3Y) | -99.9% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLZH | RDGT |
|---|---|---|
| 2022 | -74.0% | -21.5% |
| 2023 | -48.5% | -93.9% |
| 2024 | -32.5% | -59.8% |
| 2025 | -70.4% | +61.0% |
| 2026 | -98.9% | -99.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLZH and RDGT good diversifiers for each other?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLZH and RDGT?
The FLZH/RDGT correlation stands at -0.46 on a 3-year window (1 year: -0.53, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is RDGT a good diversifier for FLZH?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.46 mean?
A reading of -0.46 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-rdgt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flzh-vs-rdgt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FLZH correlations · RDGT correlations
