Correlation Between Intel and Genertec Universal

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

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

Diversification Opportunities for Intel and Genertec Universal

-0.07

Correlation Coefficient

Intel  Genertec Universal

Good diversification

The 3 months correlation between Intel and Genertec is -0.07. Overlapping area represents the amount of risk that can be diversified away by holding Intel and Genertec Universal Medical in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Genertec Universal and Intel 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 Intel are associated (or correlated) with Genertec Universal. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Genertec Universal has no effect on the direction of Intel i.e., Intel and Genertec Universal go up and down completely randomly.

Pair Corralation between Intel and Genertec Universal

Assuming the 90 days trading horizon Intel is expected to generate 2.22 times more return on investment than Genertec Universal. However, Intel is 2.22 times more volatile than Genertec Universal Medical. It trades about 0.18 of its potential returns per unit of risk. Genertec Universal Medical is currently generating about 0.06 per unit of risk. If you would invest  1,964  in Intel on July 1, 2025 and sell it today you would earn a total of  1,136  from holding Intel or generate 57.84% return on investment over 90 days.

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

Intel  vs.  Genertec Universal Medical

Intel

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Intel are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively fragile essential indicators, Intel unveiled solid returns over the last few months and may actually be approaching a breakup point.

Genertec Universal

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Genertec Universal Medical are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite nearly uncertain basic indicators, Genertec Universal may actually be approaching a critical reversion point that can send shares even higher in October 2025.

Pair Trading with Intel and Genertec Universal

The main advantage of trading using opposite Intel and Genertec Universal positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Intel position performs unexpectedly, Genertec Universal 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 Genertec Universal will offset losses from the drop in Genertec Universal's long position.

The idea behind Intel and Genertec Universal Medical 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.