Correlation Between Intouch Insight and Mobivity Holdings

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

By analyzing existing cross correlation between Intouch Insight and Mobivity Holdings, you can compare the effects of market volatilities on Intouch Insight and Mobivity Holdings 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 Mobivity Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intouch Insight and Mobivity Holdings.

Diversification Opportunities for Intouch Insight and Mobivity Holdings

-0.1

Correlation Coefficient

Intouch Insight  Mobivity Holdings

Good diversification

The 3 months correlation between Intouch and Mobivity is -0.1. Overlapping area represents the amount of risk that can be diversified away by holding Intouch Insight and Mobivity Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Mobivity Holdings 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 Mobivity Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Mobivity Holdings has no effect on the direction of Intouch Insight i.e., Intouch Insight and Mobivity Holdings go up and down completely randomly.

Pair Corralation between Intouch Insight and Mobivity Holdings

Assuming the 90 days horizon Intouch Insight is expected to generate 0.61 times more return on investment than Mobivity Holdings. However, Intouch Insight is 1.64 times less risky than Mobivity Holdings. It trades about -0.06 of its potential returns per unit of risk. Mobivity Holdings is currently generating about -0.07 per unit of risk. If you would invest  36.00  in Intouch Insight on April 30, 2025 and sell it today you would lose (6.00) from holding Intouch Insight or give up 16.67% of portfolio value over 90 days.

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

Intouch Insight  vs.  Mobivity Holdings

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.

Mobivity Holdings

Risk-Adjusted Performance

Very Weak

Over the last 90 days Mobivity Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in August 2025. The recent disarray may also be a sign of long period up-swing for the firm investors.

Pair Trading with Intouch Insight and Mobivity Holdings

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

The idea behind Intouch Insight and Mobivity Holdings 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.