Correlation Between Intel and CLPS

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

By analyzing existing cross correlation between Intel and CLPS Inc, you can compare the effects of market volatilities on Intel and CLPS 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 CLPS. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intel and CLPS.

Diversification Opportunities for Intel and CLPS

0.19

Correlation Coefficient

Intel  CLPS

Average diversification

The 3 months correlation between Intel and CLPS is 0.19. Overlapping area represents the amount of risk that can be diversified away by holding Intel and CLPS Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CLPS Inc 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 CLPS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CLPS Inc has no effect on the direction of Intel i.e., Intel and CLPS go up and down completely randomly.

Pair Corralation between Intel and CLPS

Given the investment horizon of 90 days Intel is expected to generate 1.03 times more return on investment than CLPS. However, Intel is 1.03 times more volatile than CLPS Inc. It trades about -0.05 of its potential returns per unit of risk. CLPS Inc is currently generating about -0.05 per unit of risk. If you would invest  2,218  in Intel on May 10, 2025 and sell it today you would lose (241.00) from holding Intel or give up 10.87% of portfolio value over 90 days.

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

Intel  vs.  CLPS Inc

Intel

Risk-Adjusted Performance

Weakest

Over the last 90 days Intel has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest conflicting performance, the Stock's basic indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders.

CLPS Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days CLPS Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest inconsistent performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors.

Pair Trading with Intel and CLPS

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

The idea behind Intel and CLPS Inc 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.