Correlation Between Astera Labs, and Intel

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

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

Diversification Opportunities for Astera Labs, and Intel

-0.64

Correlation Coefficient

Astera Labs,  Intel

Excellent diversification

The 3 months correlation between Astera and Intel is -0.64. Overlapping area represents the amount of risk that can be diversified away by holding Astera Labs, Common and Intel in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intel and Astera Labs, 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 Astera Labs, Common 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 Astera Labs, i.e., Astera Labs, and Intel go up and down completely randomly.

Pair Corralation between Astera Labs, and Intel

Given the investment horizon of 90 days Astera Labs, Common is expected to under-perform the Intel. In addition to that, Astera Labs, is 1.18 times more volatile than Intel. It trades about -0.06 of its total potential returns per unit of risk. Intel is currently generating about 0.2 per unit of volatility. If you would invest  2,461  in Intel on September 11, 2025 and sell it today you would earn a total of  1,589  from holding Intel or generate 64.57% return on investment over 90 days.

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

Astera Labs, Common  vs.  Intel

Astera Labs, Common

Risk-Adjusted Performance

Weakest

Over the last 90 days Astera Labs, Common has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long term up-swing for the company investors.

Intel

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Intel are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of rather conflicting basic indicators, Intel exhibited solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Astera Labs, and Intel

The main advantage of trading using opposite Astera Labs, and Intel positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Astera Labs, 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 Astera Labs, Common 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.