Correlation Between INLIF LIMITED and Xometry

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

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

Diversification Opportunities for INLIF LIMITED and Xometry

-0.34

Correlation Coefficient

INLIF LIMITED  Xometry

Very good diversification

The 3 months correlation between INLIF and Xometry is -0.34. Overlapping area represents the amount of risk that can be diversified away by holding INLIF LIMITED Ordinary and Xometry in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Xometry and INLIF LIMITED 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 INLIF LIMITED Ordinary are associated (or correlated) with Xometry. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Xometry has no effect on the direction of INLIF LIMITED i.e., INLIF LIMITED and Xometry go up and down completely randomly.

Pair Corralation between INLIF LIMITED and Xometry

Given the investment horizon of 90 days INLIF LIMITED Ordinary is expected to under-perform the Xometry. In addition to that, INLIF LIMITED is 2.13 times more volatile than Xometry. It trades about -0.01 of its total potential returns per unit of risk. Xometry is currently generating about 0.13 per unit of volatility. If you would invest  2,486  in Xometry on April 24, 2025 and sell it today you would earn a total of  694.00  from holding Xometry or generate 27.92% return on investment over 90 days.

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

INLIF LIMITED Ordinary  vs.  Xometry

INLIF LIMITED Ordinary

Risk-Adjusted Performance

Very Weak

Over the last 90 days INLIF LIMITED Ordinary has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable essential indicators, INLIF LIMITED is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Xometry

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Xometry are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Even with relatively uncertain basic indicators, Xometry reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with INLIF LIMITED and Xometry

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

The idea behind INLIF LIMITED Ordinary and Xometry 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.