Intel Correlations

Stocks Germany . 
Stock . Intel
INL Stock  EUR 22.36  0.08  0.36%   
The current 90-days correlation between Intel and Cogent Communications Holdings is 0.16 (i.e., Average diversification). The correlation of Intel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Intel Correlation With Market

Weak diversification

The correlation between Intel and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intel and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Intel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Intel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Intel to buy it.

Moving together with Intel Stock

  0.68APC Apple IncPairCorr
  0.71APC Apple IncPairCorr
  0.71APC Apple IncPairCorr
  0.7APC Apple IncPairCorr
  0.67MSF MicrosoftPairCorr
  0.65MSF MicrosoftPairCorr
  0.69MSF MicrosoftPairCorr
  0.7MSF MicrosoftPairCorr
  0.68MSF MicrosoftPairCorr
  0.85AMZ Amazon IncPairCorr
  0.61E908 Lyxor 1PairCorr

Moving against Intel Stock

  0.77SSU Samsung ElectronicsPairCorr
  0.76SSU Samsung ElectronicsPairCorr
  0.72SSUN Samsung ElectronicsPairCorr
  0.71SSUN Samsung ElectronicsPairCorr
  0.67TCID Telkom Indonesia TbkPairCorr
  0.62DBPD Xtrackers ShortDAXPairCorr
  0.54BYRA PT Bank RakyatPairCorr
  0.51ASJA ASTRA INTERNATIONALPairCorr
  0.38ASJA ASTRA INTERNATIONALPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
TM5
+ 0.94
EV9
TM5
+ 0.89
OGM1
EV9
+ 0.82
OGM1
719
+ 0.75
OGM1
TM5
+ 0.73
719
719
+ 0.71
EV9
  
High negative correlations   
WI8
- 0.93
EV9
TM5
- 0.9
WI8
K9R
- 0.8
OGM1
K9R
- 0.74
EV9
K9R
- 0.71
TM5
WI8
- 0.71
OGM1

Risk-Adjusted Indicators

There is a big difference between Intel Stock performing well and Intel Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Intel's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Intel without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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