HOVR vs INTZ: Correlation
How closely do New Horizon Aircraft Ltd. - Class A (HOVR) and Intrusion Inc. (INTZ) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOVR and INTZ?
Over the past 3 years, HOVR and INTZ moved with a correlation of 0.40, which is moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 20175.2 %².
By 3-year correlation, INTZ places #4 of the 12 assets tracked against HOVR. Their recent paths diverged sharply: over the last 12 months HOVR outperformed by 54.9 percentage points (-1.1% for HOVR against -56.0% for INTZ). Note the risk asymmetry: INTZ runs 1.6 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.
HOVR vs INTZ: side by side
| HOVR (New Horizon Aircraft Ltd. - Class A) | INTZ (Intrusion Inc.) | |
|---|---|---|
| 1-year return | -1.1% | -56.0% |
| 5-year return | n/a | -99.1% |
| Volatility (ann.) | 177.8% | 281.6% |
| Beta vs S&P 500 | 0.74 | 2.38 |
| Max drawdown (3Y) | -97.6% | -97.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOVR | INTZ |
|---|---|---|
| 2022 | – | -8.1% |
| 2023 | – | -92.1% |
| 2024 | -86.4% | -38.4% |
| 2025 | +30.1% | -62.7% |
| 2026 | +23.1% | -29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOVR and INTZ good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HOVR and INTZ?
The HOVR/INTZ correlation stands at 0.40 on a 3-year window (1 year: 0.32, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is INTZ a good diversifier for HOVR?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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
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Related comparisons
Hubs: HOVR correlations · INTZ correlations
