Correlation Analysis Between BANC SANTANDER and Intel

Analyzing existing cross correlation between BANC SANTANDER RIO and Intel Corporation. You can compare the effects of market volatilities on BANC SANTANDER 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 BANC SANTANDER with a short position of Intel. See also your portfolio center. Please also check ongoing floating volatility patterns of BANC SANTANDER and Intel.
Horizon     30 Days    Login   to change
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Comparative Performance

BANC SANTANDER RIO  
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Risk-Adjusted Performance

Over the last 30 days BANC SANTANDER RIO has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, BANC SANTANDER is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Intel  
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Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Intel Corporation are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days. Despite somewhat unsteady basic indicators, Intel sustained solid returns over the last few months and may actually be approaching a breakup point.

BANC SANTANDER and Intel Volatility Contrast

 Predicted Return Density 
    
  Returns 

BANC SANTANDER RIO  vs.  Intel Corp.

 Performance (%) 
    
  Timeline 

Pair Volatility

If you would invest  5,201  in Intel Corporation on December 21, 2019 and sell it today you would earn a total of  753.00  from holding Intel Corporation or generate 14.48% return on investment over 30 days.

Pair Corralation between BANC SANTANDER and Intel

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Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.61%
ValuesDaily Returns

Diversification Opportunities for BANC SANTANDER and Intel

BANC SANTANDER RIO diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding BANC SANTANDER RIO and Intel Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Intel and BANC SANTANDER 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 BANC SANTANDER RIO 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 has no effect on the direction of BANC SANTANDER i.e. BANC SANTANDER and Intel go up and down completely randomly.
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