Pair Correlation Between Intel and Wilshire US

This module allows you to analyze existing cross correlation between Intel Corporation and Wilshire US Large Cap Value Ind. You can compare the effects of market volatilities on Intel and Wilshire US 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 Wilshire US. See also your portfolio center. Please also check ongoing floating volatility patterns of Intel and Wilshire US.
 Time Horizon     30 Days    Login   to change
 Intel Corp.  vs   Wilshire US Large Cap Value In
 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, Intel Corporation is expected to under-perform the Wilshire US. In addition to that, Intel is 10.61 times more volatile than Wilshire US Large Cap Value Ind. It trades about -0.24 of its total potential returns per unit of risk. Wilshire US Large Cap Value Ind is currently generating about 0.22 per unit of volatility. If you would invest  518,161  in Wilshire US Large Cap Value Ind on December 18, 2017 and sell it today you would earn a total of  1,604  from holding Wilshire US Large Cap Value Ind or generate 0.31% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Intel and Wilshire US


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Very good diversification

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

Comparative Volatility

 Predicted Return Density