Correlation Between Interlink Electronics and Flex
Can any of the company-specific risk be diversified away by investing in both Interlink Electronics and Flex 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 Interlink Electronics and Flex into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Interlink Electronics and Flex, you can compare the effects of market volatilities on Interlink Electronics and Flex 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 Interlink Electronics with a short position of Flex. Check out your portfolio center. Please also check ongoing floating volatility patterns of Interlink Electronics and Flex.
Diversification Opportunities for Interlink Electronics and Flex
-0.09 | Correlation Coefficient |
Good diversification
The 3 months correlation between Interlink and Flex is -0.09. Overlapping area represents the amount of risk that can be diversified away by holding Interlink Electronics and Flex in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Flex and Interlink Electronics 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 Interlink Electronics are associated (or correlated) with Flex. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Flex has no effect on the direction of Interlink Electronics i.e., Interlink Electronics and Flex go up and down completely randomly.
Pair Corralation between Interlink Electronics and Flex
Given the investment horizon of 90 days Interlink Electronics is expected to under-perform the Flex. In addition to that, Interlink Electronics is 2.15 times more volatile than Flex. It trades about -0.12 of its total potential returns per unit of risk. Flex is currently generating about 0.04 per unit of volatility. If you would invest 5,883 in Flex on October 12, 2025 and sell it today you would earn a total of 267.00 from holding Flex or generate 4.54% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Interlink Electronics vs. Flex
Performance |
| Timeline |
| Interlink Electronics |
| Flex |
Interlink Electronics and Flex Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Interlink Electronics and Flex
The main advantage of trading using opposite Interlink Electronics and Flex positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Interlink Electronics position performs unexpectedly, Flex 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 Flex will offset losses from the drop in Flex's long position.| Interlink Electronics vs. Gauzy Ltd Ordinary | Interlink Electronics vs. Mind Technology | Interlink Electronics vs. Syntec Optics Holdings | Interlink Electronics vs. Genasys |
| Flex vs. Teledyne Technologies Incorporated | Flex vs. Jabil Circuit | Flex vs. VeriSign | Flex vs. NetApp Inc |
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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Other Complementary Tools
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Commodity Directory Find actively traded commodities issued by global exchanges |