INLX vs TGS: Correlation
Intellinetics, Inc. (INLX) and Transportadora de Gas del Sur SA TGS (TGS) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INLX and TGS?
Across a 3-year window, the weekly returns of INLX and TGS correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.26 over 3 years. Stretching to 5 years gives -0.11, with an annualized covariance of -852.5 %².
Among the 24 assets we track against INLX, TGS sits near the bottom by co-movement, at rank #24. Correlation aside, the last 12 months split them widely, with TGS ahead by 53.0 points (-46.4% versus +6.6%).
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 TGS: side by side
| INLX (Intellinetics, Inc.) | TGS (Transportadora de Gas del Sur SA TGS) | |
|---|---|---|
| 1-year return | -46.4% | +6.6% |
| 5-year return | +7.4% | +412.6% |
| Volatility (ann.) | 60.0% | 55.6% |
| Beta vs S&P 500 | -0.07 | 0.33 |
| Max drawdown (3Y) | -65.9% | -39.5% |
| Market cap | – | $4.3B |
| P/E (trailing) | – | 12.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INLX | TGS |
|---|---|---|
| 2022 | -43.5% | +165.8% |
| 2023 | +18.5% | +27.9% |
| 2024 | +171.7% | +94.0% |
| 2025 | -42.0% | +6.2% |
| 2026 | -34.2% | -8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INLX and TGS good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between INLX and TGS?
The INLX/TGS correlation stands at -0.26 on a 3-year window (1 year: -0.45, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is TGS a good diversifier for INLX?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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-tgs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/inlx-vs-tgs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INLX correlations · TGS correlations
