Correlation Between KNOREX and Intellinetics
Can any of the company-specific risk be diversified away by investing in both KNOREX and Intellinetics 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 KNOREX and Intellinetics into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between KNOREX LTD and Intellinetics, you can compare the effects of market volatilities on KNOREX and Intellinetics 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 KNOREX with a short position of Intellinetics. Check out your portfolio center. Please also check ongoing floating volatility patterns of KNOREX and Intellinetics.
Diversification Opportunities for KNOREX and Intellinetics
0.03 | Correlation Coefficient |
Significant diversification
The 3 months correlation between KNOREX and Intellinetics is 0.03. Overlapping area represents the amount of risk that can be diversified away by holding KNOREX LTD and Intellinetics in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intellinetics and KNOREX 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 KNOREX LTD are associated (or correlated) with Intellinetics. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intellinetics has no effect on the direction of KNOREX i.e., KNOREX and Intellinetics go up and down completely randomly.
Pair Corralation between KNOREX and Intellinetics
Given the investment horizon of 90 days KNOREX LTD is expected to under-perform the Intellinetics. In addition to that, KNOREX is 1.94 times more volatile than Intellinetics. It trades about -0.27 of its total potential returns per unit of risk. Intellinetics is currently generating about -0.1 per unit of volatility. If you would invest 1,346 in Intellinetics on July 28, 2025 and sell it today you would lose (313.00) from holding Intellinetics or give up 23.25% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 32.31% |
| Values | Daily Returns |
KNOREX LTD vs. Intellinetics
Performance |
| Timeline |
| KNOREX LTD |
| Intellinetics |
KNOREX and Intellinetics Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KNOREX and Intellinetics
The main advantage of trading using opposite KNOREX and Intellinetics positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KNOREX position performs unexpectedly, Intellinetics 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 Intellinetics will offset losses from the drop in Intellinetics' long position.The idea behind KNOREX LTD and Intellinetics pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| Intellinetics vs. Aware Inc | Intellinetics vs. Blackboxstocks | Intellinetics vs. Beamr Imaging Ltd | Intellinetics vs. Hitek Global Ordinary |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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