permutation vs fluctuation

permutation and fluctuation both are nouns.

Word	Noun	Adjective	Verb	Adverb
permutation	Yes	No	No	No
fluctuation	Yes	No	No	No

As nouns, fluctuation is a hypernym of permutation; that is, fluctuation is a word with a broader meaning than permutation:

Other hypernyms of permutation include variation.

permutation (noun)	fluctuation (noun)
complete change in character or condition	the quality of being unsteady and subject to changes
the act of changing the arrangement of a given number of elements	an instance of change; the rate or magnitude of change
act of changing the lineal order of objects in a group	a wave motion
an event in which one thing is substituted for another