Correlation Between Intel and ProShares Decline

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

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

Diversification Opportunities for Intel and ProShares Decline

-0.24

Correlation Coefficient

Intel  ProShares Decline

Very good diversification

The 3 months correlation between Intel and ProShares is -0.24. Overlapping area represents the amount of risk that can be diversified away by holding Intel and ProShares Decline of in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ProShares Decline 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 ProShares Decline. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ProShares Decline has no effect on the direction of Intel i.e., Intel and ProShares Decline go up and down completely randomly.

Pair Corralation between Intel and ProShares Decline

Given the investment horizon of 90 days Intel is expected to under-perform the ProShares Decline. In addition to that, Intel is 2.42 times more volatile than ProShares Decline of. It trades about -0.05 of its total potential returns per unit of risk. ProShares Decline of is currently generating about -0.11 per unit of volatility. If you would invest  1,270  in ProShares Decline of on May 10, 2025 and sell it today you would lose (100.00) from holding ProShares Decline of or give up 7.87% of portfolio value over 90 days.

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

Intel  vs.  ProShares Decline of

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.

ProShares Decline

Risk-Adjusted Performance

Weakest

Over the last 90 days ProShares Decline of has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Etf's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the ETF investors.

Pair Trading with Intel and ProShares Decline

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

The idea behind Intel and ProShares Decline of 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..