IDN vs TG: Correlation
Measured on weekly returns over the past three years, Intellicheck, Inc. (IDN) and Tredegar Corporation (TG) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDN and TG?
Over the past 3 years, IDN and TG moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 1928.0 %².
Few assets follow IDN as closely as TG, which ranks #1 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months TG outperformed by 46.1 percentage points (-46.6% for IDN against -0.5% for TG). Risk is not evenly split, since IDN carries 1.8 times the volatility of the other side.
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 TG: side by side
| IDN (Intellicheck, Inc.) | TG (Tredegar Corporation) | |
|---|---|---|
| 1-year return | -46.6% | -0.5% |
| 5-year return | -67.2% | -35.5% |
| Volatility (ann.) | 85.3% | 47.3% |
| Beta vs S&P 500 | 1.75 | 1.03 |
| Max drawdown (3Y) | -68.7% | -33.4% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | 17.8 | 8.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDN | TG |
|---|---|---|
| 2022 | -56.7% | -9.6% |
| 2023 | -5.0% | -45.2% |
| 2024 | +47.4% | +42.0% |
| 2025 | +138.6% | -6.5% |
| 2026 | -57.5% | +6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDN and TG good diversifiers for each other?
Reasonably. At 0.48, IDN and TG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IDN and TG?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.53 over the last year and 0.37 over 5 years.
Is TG a good diversifier for IDN?
Reasonably. At 0.48, IDN and TG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/idn-vs-tg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/idn-vs-tg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IDN correlations · TG correlations
