Correlation Between Intel and Jacob Funds
Can any of the company-specific risk be diversified away by investing in both Intel and Jacob Funds 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 Jacob Funds into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Intel and Jacob Funds , you can compare the effects of market volatilities on Intel and Jacob Funds 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 Jacob Funds. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intel and Jacob Funds.
Diversification Opportunities for Intel and Jacob Funds
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Intel and Jacob is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Intel and Jacob Funds in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jacob Funds 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 Jacob Funds. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jacob Funds has no effect on the direction of Intel i.e., Intel and Jacob Funds go up and down completely randomly.
Pair Corralation between Intel and Jacob Funds
If you would invest 1,936 in Intel on September 12, 2024 and sell it today you would earn a total of 80.00 from holding Intel or generate 4.13% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 1.59% |
| Values | Daily Returns |
Intel vs. Jacob Funds
Performance |
| Timeline |
| Intel |
| Jacob Funds |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Intel and Jacob Funds Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Intel and Jacob Funds
The main advantage of trading using opposite Intel and Jacob Funds positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Intel position performs unexpectedly, Jacob Funds 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 Jacob Funds will offset losses from the drop in Jacob Funds' long position.| Intel vs. NVIDIA | Intel vs. Taiwan Semiconductor Manufacturing | Intel vs. Micron Technology | Intel vs. Qualcomm Incorporated |
| Jacob Funds vs. Ab Bond Inflation | Jacob Funds vs. Atac Inflation Rotation | Jacob Funds vs. Deutsche Global Inflation | Jacob Funds vs. Aqr Managed Futures |
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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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