Correlation Between Interconnection Electric and Taskus

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

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

Diversification Opportunities for Interconnection Electric and Taskus

-0.76

Correlation Coefficient

Interconnection Electric  Taskus

Pay attention - limited upside

The 3 months correlation between Interconnection and Taskus is -0.76. Overlapping area represents the amount of risk that can be diversified away by holding Interconnection Electric SA and Taskus Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Taskus Inc and Interconnection Electric 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 Interconnection Electric SA are associated (or correlated) with Taskus. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Taskus Inc has no effect on the direction of Interconnection Electric i.e., Interconnection Electric and Taskus go up and down completely randomly.

Pair Corralation between Interconnection Electric and Taskus

Assuming the 90 days horizon Interconnection Electric SA is expected to generate 1.59 times more return on investment than Taskus. However, Interconnection Electric is 1.59 times more volatile than Taskus Inc. It trades about 0.12 of its potential returns per unit of risk. Taskus Inc is currently generating about -0.23 per unit of risk. If you would invest  13,641  in Interconnection Electric SA on September 17, 2025 and sell it today you would earn a total of  4,043  from holding Interconnection Electric SA or generate 29.64% return on investment over 90 days.

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

Interconnection Electric SA  vs.  Taskus Inc

Interconnection Electric

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Interconnection Electric SA are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak technical and fundamental indicators, Interconnection Electric showed solid returns over the last few months and may actually be approaching a breakup point.

Taskus Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days Taskus Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unsteady performance in the last few months, the Stock's basic indicators remain quite persistent which may send shares a bit higher in January 2026. The latest mess may also be a sign of long-standing up-swing for the company institutional investors.

Pair Trading with Interconnection Electric and Taskus

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

The idea behind Interconnection Electric SA and Taskus Inc 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 Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.