GORO vs INLX: Correlation
Measured on weekly returns over the past three years, Goldgroup Mining Inc. (GORO) and Intellinetics, Inc. (INLX) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GORO and INLX?
Over the past 3 years, GORO and INLX moved with a correlation of 0.23, which is weak. Little has changed lately, as the 1-year reading of 0.13 lands near the 3-year figure. Over 5 years the correlation is 0.08, and the annualized covariance of weekly returns is 2112.3 %².
By 3-year correlation, INLX places #6 of the 12 assets tracked against GORO. Their recent paths diverged sharply: over the last 12 months GORO outperformed by 67.9 percentage points (+21.5% for GORO against -46.4% for INLX). Note the risk asymmetry: GORO runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GORO vs INLX: side by side
| GORO (Goldgroup Mining Inc.) | INLX (Intellinetics, Inc.) | |
|---|---|---|
| 1-year return | +21.5% | -46.4% |
| 5-year return | +215.8% | +7.4% |
| Volatility (ann.) | 154.1% | 60.0% |
| Beta vs S&P 500 | 1.39 | -0.07 |
| Max drawdown (3Y) | -75.0% | -65.9% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GORO | INLX |
|---|---|---|
| 2022 | -73.3% | -43.5% |
| 2023 | -75.0% | +18.5% |
| 2024 | +450.0% | +171.7% |
| 2025 | +936.4% | -42.0% |
| 2026 | -16.9% | -34.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GORO and INLX good diversifiers for each other?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GORO and INLX?
The GORO/INLX correlation stands at 0.23 on a 3-year window (1 year: 0.13, 5 years: 0.08), computed from weekly returns as of 2026-08-27.
Is INLX a good diversifier for GORO?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/goro-vs-inlx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/goro-vs-inlx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GORO correlations · INLX correlations
