Correlation Between Intel and Listed Funds
Can any of the company-specific risk be diversified away by investing in both Intel and Listed 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 Listed Funds into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Intel and Listed Funds Trust, you can compare the effects of market volatilities on Intel and Listed 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 Listed Funds. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intel and Listed Funds.
Diversification Opportunities for Intel and Listed Funds
0.9 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Intel and Listed is 0.9. Overlapping area represents the amount of risk that can be diversified away by holding Intel and Listed Funds Trust in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Listed Funds Trust 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 Listed Funds. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Listed Funds Trust has no effect on the direction of Intel i.e., Intel and Listed Funds go up and down completely randomly.
Pair Corralation between Intel and Listed Funds
Given the investment horizon of 90 days Intel is expected to under-perform the Listed Funds. In addition to that, Intel is 5.44 times more volatile than Listed Funds Trust. It trades about -0.03 of its total potential returns per unit of risk. Listed Funds Trust is currently generating about 0.13 per unit of volatility. If you would invest 3,784 in Listed Funds Trust on September 1, 2024 and sell it today you would earn a total of 440.00 from holding Listed Funds Trust or generate 11.63% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 99.21% |
| Values | Daily Returns |
Intel vs. Listed Funds Trust
Performance |
| Timeline |
| Intel |
| Listed Funds Trust |
Intel and Listed Funds Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Intel and Listed Funds
The main advantage of trading using opposite Intel and Listed Funds positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Intel position performs unexpectedly, Listed 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 Listed Funds will offset losses from the drop in Listed Funds' long position.| Intel vs. NXP Semiconductors NV | Intel vs. GSI Technology | Intel vs. MaxLinear | Intel vs. Texas Instruments Incorporated |
| Listed Funds vs. Trueshares Structured Outcome | Listed Funds vs. TrueShares Structured Outcome | Listed Funds vs. TrueShares Structured Outcome | Listed Funds vs. TrueShares Structured Outcome |
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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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