Correlation Between Intuitive Machines and Avino Silver

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

By analyzing existing cross correlation between Intuitive Machines and Avino Silver Gold, you can compare the effects of market volatilities on Intuitive Machines and Avino Silver 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 Intuitive Machines with a short position of Avino Silver. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intuitive Machines and Avino Silver.

Diversification Opportunities for Intuitive Machines and Avino Silver

-0.57

Correlation Coefficient

Intuitive Machines  Avino Silver

Excellent diversification

The 3 months correlation between Intuitive and Avino is -0.57. Overlapping area represents the amount of risk that can be diversified away by holding Intuitive Machines and Avino Silver Gold in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Avino Silver Gold and Intuitive Machines 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 Intuitive Machines are associated (or correlated) with Avino Silver. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Avino Silver Gold has no effect on the direction of Intuitive Machines i.e., Intuitive Machines and Avino Silver go up and down completely randomly.

Pair Corralation between Intuitive Machines and Avino Silver

Given the investment horizon of 90 days Intuitive Machines is expected to under-perform the Avino Silver. In addition to that, Intuitive Machines is 1.15 times more volatile than Avino Silver Gold. It trades about -0.01 of its total potential returns per unit of risk. Avino Silver Gold is currently generating about 0.16 per unit of volatility. If you would invest  360.00  in Avino Silver Gold on June 30, 2025 and sell it today you would earn a total of  151.00  from holding Avino Silver Gold or generate 41.94% return on investment over 90 days.

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

Intuitive Machines  vs.  Avino Silver Gold

Intuitive Machines

Risk-Adjusted Performance

Weakest

Over the last 90 days Intuitive Machines has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Intuitive Machines is not utilizing all of its potentials. The recent stock price agitation, may contribute to short-term losses for the retail investors.

Avino Silver Gold

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Avino Silver Gold are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of very conflicting basic indicators, Avino Silver displayed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Intuitive Machines and Avino Silver

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

The idea behind Intuitive Machines and Avino Silver Gold 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.