FLZH vs RMCO: Correlation
How closely do Flash Sports & Media Holdings, Inc. (FLZH) and Royalty Management Holding Corporation (RMCO) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLZH and RMCO?
Across a 3-year window, the weekly returns of FLZH and RMCO correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.21 over 3 years. Stretching to 5 years gives -0.21, with an annualized covariance of -7855.5 %².
By 3-year correlation, RMCO places #15 of the 31 assets tracked against FLZH. The last year tells two different stories: RMCO led by 145.8 percentage points, -99.2% for FLZH against +46.6% for RMCO. Note the risk asymmetry: FLZH runs 4.9 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 RMCO: side by side
| FLZH (Flash Sports & Media Holdings, Inc.) | RMCO (Royalty Management Holding Corporation) | |
|---|---|---|
| 1-year return | -99.2% | +46.6% |
| 5-year return | -100.0% | -70.7% |
| Volatility (ann.) | 424.7% | 87.1% |
| Beta vs S&P 500 | -2.13 | 0.25 |
| Max drawdown (3Y) | -99.9% | -93.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLZH | RMCO |
|---|---|---|
| 2022 | -74.0% | -0.4% |
| 2023 | -48.5% | -83.0% |
| 2024 | -32.5% | -41.3% |
| 2025 | -70.4% | +211.1% |
| 2026 | -98.9% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLZH and RMCO good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between FLZH and RMCO?
As of 2026-08-27, the correlation of weekly returns between FLZH and RMCO is -0.21 over 3 years, -0.39 over 1 year and -0.21 over 5 years.
Is RMCO a good diversifier for FLZH?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: FLZH correlations · RMCO correlations
