Intellinetics, Inc. (INLX) Correlation Distribution
Across 6,644 rolling correlation observations between Intellinetics, Inc. (INLX) and other NASDAQ-listed stocks, 51.7% are positive and 48.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.069, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 18% and strong negative correlations (≤−0.7) for 5.7%.
- Total observations
- 6,644
- Mean correlation
- 0.069
- Most common range
- 0.7 to 0.8
- Positive pairs
- 51.7%
- Strong positive (≥0.7)
- 18%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 189 | 2.8% | |
| -0.8 to -0.7 | 189 | 2.8% | |
| -0.7 to -0.6 | 404 | 6.1% | |
| -0.6 to -0.5 | 404 | 6.1% | |
| -0.5 to -0.4 | 437 | 6.6% | |
| -0.4 to -0.3 | 437 | 6.6% | |
| -0.3 to -0.2 | 412 | 6.2% | |
| -0.2 to -0.1 | 411 | 6.2% | |
| -0.1 to 0.0 | 319 | 4.8% | |
| 0.0 to 0.1 | 319 | 4.8% | |
| 0.1 to 0.2 | 306 | 4.6% | |
| 0.2 to 0.3 | 305 | 4.6% | |
| 0.3 to 0.4 | 307 | 4.6% | |
| 0.4 to 0.5 | 306 | 4.6% | |
| 0.5 to 0.6 | 349 | 5.3% | |
| 0.6 to 0.7 | 348 | 5.2% | |
| 0.7 to 0.8 | 536 | 8.1% | |
| 0.8 to 0.9 | 536 | 8.1% | |
| 0.9 to 1.0 | 126 | 1.9% |
Frequently asked questions
What is the average correlation of INLX?
Intellinetics, Inc. (INLX) has an average correlation of about 0.069 with other NASDAQ stocks, based on 6,644 pairwise observations.
Is INLX positively correlated with other stocks?
Mostly yes — 51.7% of pairs are positive and 48.3% are negative. Strong positive correlations (≥0.7) make up 18%.
What is the most common correlation range for INLX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 31.2% of all pairs.
Explore the full interactive correlation distribution for INLX.
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