Correlation Between Intel and IShares IBonds
Can any of the company-specific risk be diversified away by investing in both Intel and IShares IBonds at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Intel and IShares IBonds into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Intel and iShares iBonds 2026, you can compare the effects of market volatilities on Intel and IShares IBonds and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Intel with a short position of IShares IBonds. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intel and IShares IBonds.
Diversification Opportunities for Intel and IShares IBonds
0.18 | Correlation Coefficient |
Average diversification
The 3 months correlation between Intel and IShares is 0.18. Overlapping area represents the amount of risk that can be diversified away by holding Intel and iShares iBonds 2026 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on iShares iBonds 2026 and Intel is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Intel are associated (or correlated) with IShares IBonds. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of iShares iBonds 2026 has no effect on the direction of Intel i.e., Intel and IShares IBonds go up and down completely randomly.
Pair Corralation between Intel and IShares IBonds
Given the investment horizon of 90 days Intel is expected to generate 1.48 times less return on investment than IShares IBonds. In addition to that, Intel is 11.78 times more volatile than iShares iBonds 2026. It trades about 0.01 of its total potential returns per unit of risk. iShares iBonds 2026 is currently generating about 0.15 per unit of volatility. If you would invest 1,933 in iShares iBonds 2026 on December 2, 2024 and sell it today you would earn a total of 408.00 from holding iShares iBonds 2026 or generate 21.11% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Intel vs. iShares iBonds 2026
Performance |
| Timeline |
| Intel |
| iShares iBonds 2026 |
Intel and IShares IBonds Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Intel and IShares IBonds
The main advantage of trading using opposite Intel and IShares IBonds positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Intel position performs unexpectedly, IShares IBonds can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IShares IBonds will offset losses from the drop in IShares IBonds' long position.| Intel vs. NVIDIA | ||
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| IShares IBonds vs. iShares Trust |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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