INLX vs TKC: Correlation
Measured on weekly returns over the past three years, Intellinetics, Inc. (INLX) and Turkcell Iletisim Hizmetleri AS (TKC) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INLX and TKC?
Over the past 3 years, INLX and TKC moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.08) than the 3-year average (-0.24). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -481.9 %².
TKC is close to the least connected end of INLX's tracked universe, ranking #22 of 24. The last year tells two different stories: TKC led by 33.8 percentage points, -46.4% for INLX against -12.6% for TKC. Risk is not evenly split, since INLX 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.
INLX vs TKC: side by side
| INLX (Intellinetics, Inc.) | TKC (Turkcell Iletisim Hizmetleri AS) | |
|---|---|---|
| 1-year return | -46.4% | -12.6% |
| 5-year return | +7.4% | +30.6% |
| Volatility (ann.) | 60.0% | 32.9% |
| Beta vs S&P 500 | -0.07 | 0.45 |
| Max drawdown (3Y) | -65.9% | -28.5% |
| Market cap | – | $4.7B |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INLX | TKC |
|---|---|---|
| 2022 | -43.5% | +38.2% |
| 2023 | +18.5% | +2.5% |
| 2024 | +171.7% | +44.5% |
| 2025 | -42.0% | -14.3% |
| 2026 | -34.2% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INLX and TKC good diversifiers for each other?
Yes. With a correlation of -0.24, INLX and TKC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INLX and TKC?
As of 2026-08-27, the correlation of weekly returns between INLX and TKC is -0.24 over 3 years, 0.08 over 1 year and -0.06 over 5 years.
Is TKC a good diversifier for INLX?
Yes. With a correlation of -0.24, INLX and TKC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/inlx-vs-tkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inlx-vs-tkc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INLX correlations · TKC correlations
