INTEL Correlations

458140BP4

98.21 1.76 1.76%

The current 90-days correlation between INTEL PORATION and Zhihu Inc ADR is -0.03 (i.e., Good diversification). The correlation of INTEL is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

INTEL Correlation With Market

Good diversification

The correlation between INTEL PORATION and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding INTEL PORATION and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to INTEL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INTEL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back INTEL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling INTEL PORATION to buy it.

Moving against INTEL Bond

0.73	AMBR	Amber Road, Symbol Change	Pair Corr
0.59	GTN	Gray Television	Pair Corr
0.57	ISMAY	Indra Sistemas SA	Pair Corr
0.56	TKOMF	Tokio Marine Holdings	Pair Corr
0.45	GDXU	MicroSectors Gold Miners	Pair Corr
0.44	SPNT	Siriuspoint Normal Trading	Pair Corr
0.36	GLU	Gabelli Global Utility	Pair Corr
0.35	AEM	Agnico Eagle Mines Sell-off Trend	Pair Corr
0.34	UTF	Cohen And Steers	Pair Corr
0.31	GLE	Global Engine Group	Pair Corr

Related Correlations Analysis

	ZH	TAP	KDP	BTI	BRCC	UBER	CLPS
ZH		0.82	0.76	0.51	-0.76	0.75	0.27	ZH
TAP	0.82		0.81	0.17	-0.52	0.36	-0.1	TAP
KDP	0.76	0.81		0.32	-0.63	0.35	-0.1	KDP
BTI	0.51	0.17	0.32		-0.83	0.66	0.55	BTI
BRCC	-0.76	-0.52	-0.63	-0.83		-0.65	-0.36	BRCC
UBER	0.75	0.36	0.35	0.66	-0.65		0.65	UBER
CLPS	0.27	-0.1	-0.1	0.55	-0.36	0.65		CLPS
	ZH	TAP	KDP	BTI	BRCC	UBER	CLPS

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TAP	+ 0.82	ZH
KDP	+ 0.81	TAP
KDP	+ 0.76	ZH
UBER	+ 0.75	ZH
UBER	+ 0.66	BTI
CLPS	+ 0.65	UBER

High negative correlations

BRCC	- 0.83	BTI
BRCC	- 0.76	ZH
UBER	- 0.65	BRCC
BRCC	- 0.63	KDP
BRCC	- 0.52	TAP
CLPS	- 0.36	BRCC

Risk-Adjusted Indicators

There is a big difference between INTEL Bond performing well and INTEL Corporate Bond doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze INTEL's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ZH	3.19	0.48	0.13	0.60	3.29	(3.95)	8.05	(5.89)	27.14
TAP	1.36	0.03	0.03	0.02	1.78	(1.47)	2.72	(3.11)	13.51
KDP	1.06	0.01	0.03	0.28	1.34	(1.15)	2.18	(2.38)	6.15
BTI	0.94	0.15	0.11	(0.88)	1.60	(0.98)	2.16	(1.82)	11.81
BRCC	2.28	(0.35)	0.00	(0.30)	0.00	0.00	5.43	(4.78)	22.95
UBER	1.88	0.40	0.18	0.75	2.03	(2.05)	4.72	(3.13)	12.75
CLPS	2.50	0.11	0.05	1.06	2.73	(3.17)	6.90	(5.51)	16.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in INTEL without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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