Correlation Between Intel and Repare Therapeutics

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

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

Diversification Opportunities for Intel and Repare Therapeutics

0.78

Correlation Coefficient

Intel  Repare Therapeutics

Poor diversification

The 3 months correlation between Intel and Repare is 0.78. Overlapping area represents the amount of risk that can be diversified away by holding Intel and Repare Therapeutics in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Repare Therapeutics 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 Repare Therapeutics. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Repare Therapeutics has no effect on the direction of Intel i.e., Intel and Repare Therapeutics go up and down completely randomly.

Pair Corralation between Intel and Repare Therapeutics

Given the investment horizon of 90 days Intel is expected to generate 2.01 times more return on investment than Repare Therapeutics. However, Intel is 2.01 times more volatile than Repare Therapeutics. It trades about 0.18 of its potential returns per unit of risk. Repare Therapeutics is currently generating about 0.11 per unit of risk. If you would invest  2,330  in Intel on July 14, 2025 and sell it today you would earn a total of  1,307  from holding Intel or generate 56.09% return on investment over 90 days.

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

Intel  vs.  Repare Therapeutics

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 rather uncertain basic indicators, Intel exhibited solid returns over the last few months and may actually be approaching a breakup point.

Repare Therapeutics

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Repare Therapeutics are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of fairly uncertain basic indicators, Repare Therapeutics showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Intel and Repare Therapeutics

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

The idea behind Intel and Repare Therapeutics 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.