Intellinetics Correlations

INLX Stock

USD 10.80 0.20 1.89%

The correlation of Intellinetics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Intellinetics Correlation With Market

Significant diversification

The correlation between Intellinetics and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intellinetics and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intellinetics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Intellinetics Stock please use our How to Invest in Intellinetics guide.

Moving together with Intellinetics Stock

0.78	DJCO	Daily Journal Corp	Pair Corr
0.85	AI	C3 Ai Inc	Pair Corr
0.85	BL	Blackline	Pair Corr
0.76	EB	Eventbrite Class A	Pair Corr
0.84	WK	Workiva	Pair Corr
0.66	ZM	Zoom Video Communications	Pair Corr
0.81	DOCU	DocuSign Tech Boost	Pair Corr
0.78	VERX	Vertex	Pair Corr
0.8	VERB	Verb Technology	Pair Corr
0.66	DSGX	Descartes Systems	Pair Corr
0.81	VMEO	Vimeo Inc	Pair Corr
0.64	EGAN	eGain	Pair Corr
0.7	ELWS	Earlyworks Co,	Pair Corr
0.63	WALD	Waldencast Acquisition	Pair Corr
0.87	WBTN	WEBTOON Entertainment	Pair Corr
0.65	WFCF	Where Food Comes	Pair Corr
0.78	ETWO	E2open Parent Holdings	Pair Corr
0.74	FICO	Fair Isaac	Pair Corr
0.85	ANY	Sphere 3D Corp	Pair Corr

Moving against Intellinetics Stock

0.78	KC	Kingsoft Cloud Holdings	Pair Corr
0.66	VCSA	Vacasa Inc	Pair Corr
0.63	ENFN	Enfusion	Pair Corr
0.44	DOMO	Domo Inc	Pair Corr
0.5	API	Agora Inc	Pair Corr

Related Correlations Analysis

	LSPKF	DPSIP	ROWKF	OONEF	RSASF	FMEGF	LVWD	PRPM	ISDR	DPSI
LSPKF		0.0	0.0	0.0	0.0	0.0	0.0	-1.0	0.0	0.0	LSPKF
DPSIP	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	DPSIP
ROWKF	0.0	0.0		0.57	0.54	0.0	0.0	0.0	-0.27	0.0	ROWKF
OONEF	0.0	0.0	0.57		0.12	0.0	0.0	0.0	0.23	0.0	OONEF
RSASF	0.0	0.0	0.54	0.12		0.0	0.0	0.0	-0.51	0.0	RSASF
FMEGF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FMEGF
LVWD	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	LVWD
PRPM	-1.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PRPM
ISDR	0.0	0.0	-0.27	0.23	-0.51	0.0	0.0	0.0		0.0	ISDR
DPSI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		DPSI
	LSPKF	DPSIP	ROWKF	OONEF	RSASF	FMEGF	LVWD	PRPM	ISDR	DPSI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OONEF	+ 0.57	ROWKF
RSASF	+ 0.54	ROWKF
ISDR	+ 0.23	OONEF
RSASF	+ 0.12	OONEF
DPSIP	+ 0.0	LSPKF
ROWKF	+ 0.0	LSPKF

High negative correlations

PRPM	- 1.0	LSPKF
ISDR	- 0.51	RSASF
ISDR	- 0.27	ROWKF
DPSI	- 0.0	ISDR
DPSI	- 0.0	PRPM
ISDR	- 0.0	PRPM

Risk-Adjusted Indicators

There is a big difference between Intellinetics Stock performing well and Intellinetics Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Intellinetics' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LSPKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPSIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ROWKF	0.70	0.25	0.00	(1.04)	0.00	0.00	0.00	0.00	17.50
OONEF	11.13	1.94	0.15	(1.11)	11.52	(16.22)	34.48	(22.58)	97.45
RSASF	5.39	1.15	0.14	(1.98)	4.72	(11.67)	18.18	(10.00)	36.90
FMEGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LVWD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRPM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISDR	1.73	(0.16)	0.00	0.38	0.00	0.00	2.88	(3.61)	9.01
DPSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Intellinetics Corporate Executives

Elected by the shareholders, the Intellinetics' board of directors comprises two types of representatives: Intellinetics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Intellinetics. The board's role is to monitor Intellinetics' management team and ensure that shareholders' interests are well served. Intellinetics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Intellinetics' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Thomas Moss	CoFounder VP	Profile
	Joseph Spain	CFO, Treasurer	Profile

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