Correlation Between HopTo and Intellinetics

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

By analyzing existing cross correlation between hopTo Inc and Intellinetics, you can compare the effects of market volatilities on HopTo 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 HopTo with a short position of Intellinetics. Check out your portfolio center. Please also check ongoing floating volatility patterns of HopTo and Intellinetics.

Diversification Opportunities for HopTo and Intellinetics

0.0

Correlation Coefficient

HopTo  Intellinetics

Pay attention - limited upside

The 3 months correlation between HopTo and Intellinetics is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding hopTo Inc and Intellinetics in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intellinetics and HopTo 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 hopTo Inc 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 HopTo i.e., HopTo and Intellinetics go up and down completely randomly.

Pair Corralation between HopTo and Intellinetics

If you would invest (100.00) in hopTo Inc on May 2, 2025 and sell it today you would earn a total of  100.00  from holding hopTo Inc or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

hopTo Inc  vs.  Intellinetics

hopTo Inc

Risk-Adjusted Performance

Very Weak

Over the last 90 days hopTo Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, HopTo is not utilizing all of its potentials. The latest stock price disarray, may contribute to short-term losses for the investors.

Intellinetics

Risk-Adjusted Performance

Very Weak

Over the last 90 days Intellinetics has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong essential indicators, Intellinetics is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with HopTo and Intellinetics

The main advantage of trading using opposite HopTo and Intellinetics positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if HopTo 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 hopTo Inc 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.

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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.