Correlation Between Intel and Ultra Fund

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

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

Diversification Opportunities for Intel and Ultra Fund

0.0

Correlation Coefficient

Intel  Ultra Fund

Pay attention - limited upside

The 3 months correlation between Intel and Ultra is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Intel and Ultra Fund Investor in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ultra Fund Investor 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 Ultra Fund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ultra Fund Investor has no effect on the direction of Intel i.e., Intel and Ultra Fund go up and down completely randomly.

Pair Corralation between Intel and Ultra Fund

If you would invest  0.00  in Ultra Fund Investor on May 3, 2025 and sell it today you would earn a total of  0.00  from holding Ultra Fund Investor or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.61%
Values	Daily Returns

Intel  vs.  Ultra Fund Investor

Intel

Risk-Adjusted Performance

Very Weak

Over the last 90 days Intel has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Intel is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders.

Ultra Fund Investor

Risk-Adjusted Performance

Solid

Over the last 90 days Ultra Fund Investor has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Ultra Fund is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Intel and Ultra Fund

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

The idea behind Intel and Ultra Fund Investor 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.

Check out your portfolio center.

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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.