INLX vs SRXH: Correlation
How closely do Intellinetics, Inc. (INLX) and SRX Global Inc. (SRXH) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INLX and SRXH?
Across a 3-year window, the weekly returns of INLX and SRXH correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.22). Stretching to 5 years gives -0.17, with an annualized covariance of -1536.4 %².
SRXH is close to the least connected end of INLX's tracked universe, ranking #20 of 24. Correlation aside, the last 12 months split them widely, with INLX ahead by 45.5 points (-46.4% versus -91.9%). Risk is not evenly split, since SRXH carries 1.9 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.
INLX vs SRXH: side by side
| INLX (Intellinetics, Inc.) | SRXH (SRX Global Inc.) | |
|---|---|---|
| 1-year return | -46.4% | -91.9% |
| 5-year return | +7.4% | -100.0% |
| Volatility (ann.) | 60.0% | 116.5% |
| Beta vs S&P 500 | -0.07 | 0.40 |
| Max drawdown (3Y) | -65.9% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INLX | SRXH |
|---|---|---|
| 2022 | -43.5% | -83.3% |
| 2023 | +18.5% | -48.6% |
| 2024 | +171.7% | -78.8% |
| 2025 | -42.0% | -86.9% |
| 2026 | -34.2% | -86.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INLX and SRXH good diversifiers for each other?
Yes. With a correlation of -0.22, INLX and SRXH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INLX and SRXH?
The INLX/SRXH correlation stands at -0.22 on a 3-year window (1 year: 0.01, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is SRXH a good diversifier for INLX?
Yes. With a correlation of -0.22, INLX and SRXH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/inlx-vs-srxh.json
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Related comparisons
Hubs: INLX correlations · SRXH correlations
