Correlation Between JBG SMITH and INTEL
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By analyzing existing cross correlation between JBG SMITH Properties and INTEL PORATION, you can compare the effects of market volatilities on JBG SMITH and INTEL 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 JBG SMITH with a short position of INTEL. Check out your portfolio center. Please also check ongoing floating volatility patterns of JBG SMITH and INTEL.
Diversification Opportunities for JBG SMITH and INTEL
Average diversification
The 3 months correlation between JBG and INTEL is 0.13. Overlapping area represents the amount of risk that can be diversified away by holding JBG SMITH Properties and INTEL PORATION in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on INTEL PORATION and JBG SMITH 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 JBG SMITH Properties are associated (or correlated) with INTEL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of INTEL PORATION has no effect on the direction of JBG SMITH i.e., JBG SMITH and INTEL go up and down completely randomly.
Pair Corralation between JBG SMITH and INTEL
Given the investment horizon of 90 days JBG SMITH Properties is expected to generate 1.06 times more return on investment than INTEL. However, JBG SMITH is 1.06 times more volatile than INTEL PORATION. It trades about 0.08 of its potential returns per unit of risk. INTEL PORATION is currently generating about 0.05 per unit of risk. If you would invest 1,420 in JBG SMITH Properties on September 5, 2024 and sell it today you would earn a total of 221.00 from holding JBG SMITH Properties or generate 15.56% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 84.0% |
| Values | Daily Returns |
JBG SMITH Properties vs. INTEL PORATION
Performance |
| Timeline |
| JBG SMITH Properties |
| INTEL PORATION |
JBG SMITH and INTEL Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with JBG SMITH and INTEL
The main advantage of trading using opposite JBG SMITH and INTEL positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if JBG SMITH position performs unexpectedly, INTEL 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 INTEL will offset losses from the drop in INTEL's long position.| JBG SMITH vs. Cousins Properties Incorporated | JBG SMITH vs. Highwoods Properties | JBG SMITH vs. Douglas Emmett | JBG SMITH vs. Equity Commonwealth |
| INTEL vs. Mill City Ventures | INTEL vs. JBG SMITH Properties | INTEL vs. Juniata Valley Financial | INTEL vs. BCB Bancorp |
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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