Correlation Between Intelligent Group and Forrester Research

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

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

Diversification Opportunities for Intelligent Group and Forrester Research

0.08

Correlation Coefficient

Intelligent Group  Forrester Research

Significant diversification

The 3 months correlation between Intelligent and Forrester is 0.08. Overlapping area represents the amount of risk that can be diversified away by holding Intelligent Group Limited and Forrester Research in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Forrester Research and Intelligent Group 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 Intelligent Group Limited are associated (or correlated) with Forrester Research. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Forrester Research has no effect on the direction of Intelligent Group i.e., Intelligent Group and Forrester Research go up and down completely randomly.

Pair Corralation between Intelligent Group and Forrester Research

Given the investment horizon of 90 days Intelligent Group Limited is expected to under-perform the Forrester Research. In addition to that, Intelligent Group is 2.43 times more volatile than Forrester Research. It trades about -0.12 of its total potential returns per unit of risk. Forrester Research is currently generating about -0.04 per unit of volatility. If you would invest  1,060  in Forrester Research on July 8, 2025 and sell it today you would lose (112.00) from holding Forrester Research or give up 10.57% of portfolio value over 90 days.

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

Intelligent Group Limited  vs.  Forrester Research

Intelligent Group

Risk-Adjusted Performance

Weakest

Over the last 90 days Intelligent Group Limited has generated negative risk-adjusted returns adding no value to investors with long positions. Even with inconsistent performance in the last few months, the Stock's basic indicators remain relatively steady which may send shares a bit higher in November 2025. The new chaos may also be a sign of medium-term up-swing for the company stakeholders.

Forrester Research

Risk-Adjusted Performance

Weakest

Over the last 90 days Forrester Research has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest inconsistent performance, the Stock's basic indicators remain invariable and the latest agitation on Wall Street may also be a sign of long-running gains for the enterprise retail investors.

Pair Trading with Intelligent Group and Forrester Research

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

The idea behind Intelligent Group Limited and Forrester Research 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.