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Fueling strategy in a marathon has a direct effect on finishing time. Elite runners typically finish their main meal about two hours before the start, then take on fluids and electrolytes roughly every five kilometres during the race to avoid the sudden drop in blood glucose that leads to hitting the wall.

Tennis results are highly sensitive to court surface. Clay slows the ball and produces a higher bounce, which favours baseline grinders who can extend rallies. Grass produces a faster, lower bounce, and players who serve and volley tend to benefit most from those conditions.

Currency movements affect the real economy through three main channels: import and export prices, corporate earnings, and capital flows. A weaker domestic currency generally helps exporters but raises the cost of imported inputs, so the net effect differs substantially across industries.

The logic behind diversification is to reduce the impact of any single asset's volatility on a portfolio. When the correlations between holdings are low, the overall volatility of the combined position is lower than the weighted average of the individual volatilities, an effect known as the diversification benefit.