Correlation Between Lindblad Expeditions and Intelligent Bio

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

By analyzing existing cross correlation between Lindblad Expeditions Holdings and Intelligent Bio Solutions, you can compare the effects of market volatilities on Lindblad Expeditions and Intelligent Bio 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 Lindblad Expeditions with a short position of Intelligent Bio. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lindblad Expeditions and Intelligent Bio.

Diversification Opportunities for Lindblad Expeditions and Intelligent Bio

0.41

Correlation Coefficient

Lindblad Expeditions  Intelligent Bio

Very weak diversification

The 3 months correlation between Lindblad and Intelligent is 0.41. Overlapping area represents the amount of risk that can be diversified away by holding Lindblad Expeditions Holdings and Intelligent Bio Solutions in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intelligent Bio Solutions and Lindblad Expeditions 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 Lindblad Expeditions Holdings are associated (or correlated) with Intelligent Bio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intelligent Bio Solutions has no effect on the direction of Lindblad Expeditions i.e., Lindblad Expeditions and Intelligent Bio go up and down completely randomly.

Pair Corralation between Lindblad Expeditions and Intelligent Bio

Given the investment horizon of 90 days Lindblad Expeditions Holdings is expected to generate about the same return on investment as Intelligent Bio Solutions. But, Lindblad Expeditions Holdings is 1.95 times less risky than Intelligent Bio. It trades about 0.15 of its potential returns per unit of risk. Intelligent Bio Solutions is currently generating about 0.08 per unit of risk. If you would invest  124.00  in Intelligent Bio Solutions on May 18, 2025 and sell it today you would earn a total of  23.00  from holding Intelligent Bio Solutions or generate 18.55% return on investment over 90 days.

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

Lindblad Expeditions Holdings  vs.  Intelligent Bio Solutions

Lindblad Expeditions

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Lindblad Expeditions Holdings are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of rather uncertain basic indicators, Lindblad Expeditions exhibited solid returns over the last few months and may actually be approaching a breakup point.

Intelligent Bio Solutions

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Intelligent Bio Solutions are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak fundamental drivers, Intelligent Bio unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Lindblad Expeditions and Intelligent Bio

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

The idea behind Lindblad Expeditions Holdings and Intelligent Bio Solutions 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.