Correlation Between Intellicheck Mobilisa and Research Solutions

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

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

Diversification Opportunities for Intellicheck Mobilisa and Research Solutions

-0.29

Correlation Coefficient

Intellicheck Mobilisa  Research Solutions

Very good diversification

The 3 months correlation between Intellicheck and Research is -0.29. Overlapping area represents the amount of risk that can be diversified away by holding Intellicheck Mobilisa and Research Solutions in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Research Solutions and Intellicheck Mobilisa 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 Intellicheck Mobilisa are associated (or correlated) with Research Solutions. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Research Solutions has no effect on the direction of Intellicheck Mobilisa i.e., Intellicheck Mobilisa and Research Solutions go up and down completely randomly.

Pair Corralation between Intellicheck Mobilisa and Research Solutions

Considering the 90-day investment horizon Intellicheck Mobilisa is expected to generate 2.21 times more return on investment than Research Solutions. However, Intellicheck Mobilisa is 2.21 times more volatile than Research Solutions. It trades about 0.16 of its potential returns per unit of risk. Research Solutions is currently generating about 0.01 per unit of risk. If you would invest  331.00  in Intellicheck Mobilisa on May 18, 2025 and sell it today you would earn a total of  171.00  from holding Intellicheck Mobilisa or generate 51.66% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Intellicheck Mobilisa  vs.  Research Solutions

Intellicheck Mobilisa

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Intellicheck Mobilisa are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of very inconsistent fundamental indicators, Intellicheck Mobilisa displayed solid returns over the last few months and may actually be approaching a breakup point.

Research Solutions

Risk-Adjusted Performance

Weakest

Over the last 90 days Research Solutions has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Research Solutions is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Intellicheck Mobilisa and Research Solutions

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

The idea behind Intellicheck Mobilisa and Research Solutions 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.