Correlation Between YieldMax N and Interlink Telecom

Can any of the company-specific risk be diversified away by investing in both YieldMax N and Interlink Telecom 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 YieldMax N and Interlink Telecom into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between YieldMax N Option and Interlink Telecom Public, you can compare the effects of market volatilities on YieldMax N and Interlink Telecom 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 YieldMax N with a short position of Interlink Telecom. Check out your portfolio center. Please also check ongoing floating volatility patterns of YieldMax N and Interlink Telecom.

Diversification Opportunities for YieldMax N and Interlink Telecom

-0.27

Correlation Coefficient

YieldMax N  Interlink Telecom

Very good diversification

The 3 months correlation between YieldMax and Interlink is -0.27. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax N Option and Interlink Telecom Public in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Interlink Telecom Public and YieldMax N 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 YieldMax N Option are associated (or correlated) with Interlink Telecom. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Interlink Telecom Public has no effect on the direction of YieldMax N i.e., YieldMax N and Interlink Telecom go up and down completely randomly.

Pair Corralation between YieldMax N and Interlink Telecom

Given the investment horizon of 90 days YieldMax N is expected to generate 1.96 times less return on investment than Interlink Telecom. In addition to that, YieldMax N is 1.28 times more volatile than Interlink Telecom Public. It trades about 0.05 of its total potential returns per unit of risk. Interlink Telecom Public is currently generating about 0.13 per unit of volatility. If you would invest  120.00  in Interlink Telecom Public on May 21, 2025 and sell it today you would earn a total of  25.00  from holding Interlink Telecom Public or generate 20.83% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	95.08%
Values	Daily Returns

YieldMax N Option  vs.  Interlink Telecom Public

YieldMax N Option

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in YieldMax N Option are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of fairly uncertain basic indicators, YieldMax N may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Interlink Telecom Public

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Interlink Telecom Public are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite quite weak forward-looking signals, Interlink Telecom disclosed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with YieldMax N and Interlink Telecom

The main advantage of trading using opposite YieldMax N and Interlink Telecom positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if YieldMax N position performs unexpectedly, Interlink Telecom 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 Interlink Telecom will offset losses from the drop in Interlink Telecom's long position.

The idea behind YieldMax N Option and Interlink Telecom Public 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.

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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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.