Correlation Between Intel and LF Capital
Can any of the company-specific risk be diversified away by investing in both Intel and LF Capital 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 LF Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Intel and LF Capital Acquisition, you can compare the effects of market volatilities on Intel and LF Capital 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 LF Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intel and LF Capital.
Diversification Opportunities for Intel and LF Capital
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Intel and LFAC is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Intel and LF Capital Acquisition in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LF Capital Acquisition 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 LF Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LF Capital Acquisition has no effect on the direction of Intel i.e., Intel and LF Capital go up and down completely randomly.
Pair Corralation between Intel and LF Capital
If you would invest 2,536 in Intel on November 27, 2024 and sell it today you would lose (109.00) from holding Intel or give up 4.3% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Intel vs. LF Capital Acquisition
Performance |
| Timeline |
| Intel |
| LF Capital Acquisition |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Intel and LF Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Intel and LF Capital
The main advantage of trading using opposite Intel and LF Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Intel position performs unexpectedly, LF Capital 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 LF Capital will offset losses from the drop in LF Capital's long position.| Intel vs. NVIDIA | Intel vs. Taiwan Semiconductor Manufacturing | Intel vs. Marvell Technology Group | Intel vs. Micron Technology |
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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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