Correlation Between Intellinetics and ReposiTrak
Can any of the company-specific risk be diversified away by investing in both Intellinetics and ReposiTrak at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Intellinetics and ReposiTrak into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Intellinetics and ReposiTrak, you can compare the effects of market volatilities on Intellinetics and ReposiTrak and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Intellinetics with a short position of ReposiTrak. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intellinetics and ReposiTrak.
Diversification Opportunities for Intellinetics and ReposiTrak
0.44 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Intellinetics and ReposiTrak is 0.44. Overlapping area represents the amount of risk that can be diversified away by holding Intellinetics and ReposiTrak in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ReposiTrak and Intellinetics is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Intellinetics are associated (or correlated) with ReposiTrak. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ReposiTrak has no effect on the direction of Intellinetics i.e., Intellinetics and ReposiTrak go up and down completely randomly.
Pair Corralation between Intellinetics and ReposiTrak
Given the investment horizon of 90 days Intellinetics is expected to generate 1.28 times more return on investment than ReposiTrak. However, Intellinetics is 1.28 times more volatile than ReposiTrak. It trades about -0.08 of its potential returns per unit of risk. ReposiTrak is currently generating about -0.11 per unit of risk. If you would invest 1,375 in Intellinetics on July 20, 2025 and sell it today you would lose (265.00) from holding Intellinetics or give up 19.27% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Intellinetics vs. ReposiTrak
Performance |
| Timeline |
| Intellinetics |
| ReposiTrak |
Intellinetics and ReposiTrak Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Intellinetics and ReposiTrak
The main advantage of trading using opposite Intellinetics and ReposiTrak positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Intellinetics position performs unexpectedly, ReposiTrak can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ReposiTrak will offset losses from the drop in ReposiTrak's long position.| Intellinetics vs. Aware Inc | Intellinetics vs. Blackboxstocks | Intellinetics vs. Beamr Imaging Ltd | Intellinetics vs. Hitek Global Ordinary |
| ReposiTrak vs. Oneconnect Financial Technology | ReposiTrak vs. 8x8 Common Stock | ReposiTrak vs. SmartRent | ReposiTrak vs. Forge Global Holdings |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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