Correlation Between Accenture Plc and Intel

Can any of the company-specific risk be diversified away by investing in both Accenture Plc and Intel 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 Accenture Plc and Intel into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Accenture plc and Intel, you can compare the effects of market volatilities on Accenture Plc 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 Accenture Plc with a short position of Intel. Check out your portfolio center. Please also check ongoing floating volatility patterns of Accenture Plc and Intel.

Diversification Opportunities for Accenture Plc and Intel

-0.37

Correlation Coefficient

Accenture Plc  Intel

Very good diversification

The 3 months correlation between Accenture and Intel is -0.37. Overlapping area represents the amount of risk that can be diversified away by holding Accenture plc and Intel in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intel and Accenture Plc 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 Accenture plc 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 Accenture Plc i.e., Accenture Plc and Intel go up and down completely randomly.

Pair Corralation between Accenture Plc and Intel

Considering the 90-day investment horizon Accenture plc is expected to under-perform the Intel. But the stock apears to be less risky and, when comparing its historical volatility, Accenture plc is 1.7 times less risky than Intel. The stock trades about -0.15 of its potential returns per unit of risk. The Intel is currently generating about -0.02 of returns per unit of risk over similar time horizon. If you would invest  2,027  in Intel on May 3, 2025 and sell it today you would lose (121.00) from holding Intel or give up 5.97% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Accenture plc  vs.  Intel

Accenture plc

Risk-Adjusted Performance

Very Weak

Over the last 90 days Accenture plc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's fundamental indicators remain very healthy which may send shares a bit higher in September 2025. The recent disarray may also be a sign of long period up-swing for the firm investors.

Intel

Risk-Adjusted Performance

Very Weak

Over the last 90 days Intel has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Intel is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with Accenture Plc and Intel

The main advantage of trading using opposite Accenture Plc and Intel positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Accenture Plc 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.

The idea behind Accenture plc and Intel pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.