IDN vs PIM: Correlation
Intellicheck, Inc. (IDN) and Franklin Master Intermediate Income Trust Shares of (PIM) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDN and PIM?
Across a 3-year window, the weekly returns of IDN and PIM correlate at 0.38, moderate. The past 12 months show a tighter link (0.49) than the 3-year average (0.38). Stretching to 5 years gives 0.38, with an annualized covariance of 298.6 %².
Among the 12 assets we track against IDN, PIM ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PIM outperformed by 49.8 percentage points (-46.6% for IDN against +3.2% for PIM). One caveat on sizing: IDN is 9.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IDN vs PIM: side by side
| IDN (Intellicheck, Inc.) | PIM (Franklin Master Intermediate Income Trust Shares of) | |
|---|---|---|
| 1-year return | -46.6% | +3.2% |
| 5-year return | -67.2% | +16.1% |
| Volatility (ann.) | 85.3% | 9.2% |
| Beta vs S&P 500 | 1.75 | 0.26 |
| Max drawdown (3Y) | -68.7% | -6.4% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | 17.8 | 14.4 |
| Dividend yield | 0.00% | 8.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDN | PIM |
|---|---|---|
| 2022 | -56.7% | -12.5% |
| 2023 | -5.0% | +8.4% |
| 2024 | +47.4% | +10.9% |
| 2025 | +138.6% | +10.9% |
| 2026 | -57.5% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDN and PIM good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IDN and PIM?
As of 2026-08-27, the correlation of weekly returns between IDN and PIM is 0.38 over 3 years, 0.49 over 1 year and 0.38 over 5 years.
Is PIM a good diversifier for IDN?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: IDN correlations · PIM correlations
