Correlation Between Intouch Insight and HopTo

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

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

Diversification Opportunities for Intouch Insight and HopTo

0.0

Correlation Coefficient

Intouch Insight  HopTo

Pay attention - limited upside

The 3 months correlation between Intouch and HopTo is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Intouch Insight and hopTo Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on hopTo Inc and Intouch Insight 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 Intouch Insight are associated (or correlated) with HopTo. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of hopTo Inc has no effect on the direction of Intouch Insight i.e., Intouch Insight and HopTo go up and down completely randomly.

Pair Corralation between Intouch Insight and HopTo

If you would invest (100.00) in hopTo Inc on April 29, 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

Intouch Insight  vs.  hopTo Inc

Intouch Insight

Risk-Adjusted Performance

Very Weak

Over the last 90 days Intouch Insight has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in August 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

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.

Pair Trading with Intouch Insight and HopTo

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

The idea behind Intouch Insight and hopTo 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.

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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.