FLZH vs TBN: Correlation
Flash Sports & Media Holdings, Inc. (FLZH) and Tamboran Resources Corporation (TBN) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLZH and TBN?
On 3 years of weekly data the FLZH/TBN correlation comes out at 0.44, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.44). The 5-year figure is n/a, and annualized covariance runs at 11428.8 %².
Within FLZH's tracked universe of 31 assets, TBN comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TBN outperformed by 185.9 percentage points (-99.2% for FLZH against +86.7% for TBN). Risk is not evenly split, since FLZH carries 8.1 times the volatility of the other side.
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 TBN: side by side
| FLZH (Flash Sports & Media Holdings, Inc.) | TBN (Tamboran Resources Corporation) | |
|---|---|---|
| 1-year return | -99.2% | +86.7% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 424.7% | 52.6% |
| Beta vs S&P 500 | -2.13 | -0.08 |
| Max drawdown (3Y) | -99.9% | -38.6% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLZH | TBN |
|---|---|---|
| 2022 | -74.0% | – |
| 2023 | -48.5% | – |
| 2024 | -32.5% | – |
| 2025 | -70.4% | +29.7% |
| 2026 | -98.9% | +38.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLZH and TBN good diversifiers for each other?
Reasonably. At 0.44, FLZH and TBN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FLZH and TBN?
The FLZH/TBN correlation stands at 0.44 on a 3-year window (1 year: 0.55, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TBN a good diversifier for FLZH?
Reasonably. At 0.44, FLZH and TBN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FLZH correlations · TBN correlations
