Intel Correlations

Stocks . USA . 
Stock . Intel
INTC Stock  USD 29.03  0.90  3.20%   
The correlation of Intel is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Intel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intel moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Risk vs Return Analysis. For information on how to trade Intel Stock refer to our How to Trade Intel Stock guide.
  
The ability to find closely correlated positions to Intel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Intel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Intel to buy it.

Moving together with Intel

+0.68AMKRAmkor Technology Fiscal Quarter End 31st of March 2023 PairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
CRM
+ 0.88
GLBE
ICLK
+ 0.69
SCOR
QNST
+ 0.67
GLBE
ICLK
+ 0.58
IRME
CRM
+ 0.55
QNST
CRM
+ 0.53
STGW
  
High negative correlations   
CRM
- 0.68
IRME
GLBE
- 0.58
IRME
CRM
- 0.53
ICLK
QNST
- 0.51
IRME
ICLK
- 0.36
GLBE
IRME
- 0.36
STGW

Risk-Adjusted Indicators

Nowadays, there is a big difference between Intel Stock performing well and Intel company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Intel's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean
Deviation		Jensen
Alpha		Sortino
Ratio		Treynor
Ratio		Semi
Deviation		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
OTMN 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
STGW 2.41  0.20  0.03  0.05  4.42  0.0352 (2.69)  5.41 (4.55)  37.79 
IRME 1.78  0.01  0.00 (0.02)  0.00  0.0061  0.00  7.69 (9.30)  33.14 
GLBE 3.19  0.74  0.20  0.32  3.20  0.17 (3.83)  7.35 (5.52)  18.73 
QNST 1.87  0.30  0.16  0.41  1.76  0.10 (2.10)  3.50 (2.84)  21.89 
SCOR 2.74  0.00  0.00 (0.04)  0.00 (0.0039)  0.00  7.63 (4.38)  19.84 
ICLK 3.59 (0.45)  0.00 (0.32)  0.00 (0.1)  0.00  6.67 (6.19)  21.16 
CRM 1.71  0.64  0.38  0.45  1.13  0.27 (2.00)  4.20 (2.31)  14.60 

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Our tools can tell you how much better you can do entering a position in Intel without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Intel Corporate Directors

Intel corporate directors refer to members of an Intel board of directors. The board of directors generally takes responsibility for the Intel's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Intel's board members must vote for the resolution. The Intel board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Robert SteinIndependent DirectorProfile
Andrew WilsonIndependent DirectorProfile
Reed HundtIndependent DirectorProfile
Stacy SmithCFO, Executive VP and Director of Corporate StrategyProfile

Already Invested in Intel?

The danger of trading Intel is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Intel is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Intel. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Intel is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis. For information on how to trade Intel Stock refer to our How to Trade Intel Stock guide. You can also try Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for analysis

When running Intel price analysis, check to measure Intel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Intel is operating at the current time. Most of Intel's value examination focuses on studying past and present price action to predict the probability of Intel's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Intel's price. Additionally, you may evaluate how the addition of Intel to your portfolios can decrease your overall portfolio volatility.
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Is Intel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Intel. If investors know Intel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Intel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.85) 
Dividend Share
1.46
Earnings Share
1.9505
Revenue Per Share
15.349
Quarterly Revenue Growth
(0.32) 
The market value of Intel is measured differently than its book value, which is the value of Intel that is recorded on the company's balance sheet. Investors also form their own opinion of Intel's value that differs from its market value or its book value, called intrinsic value, which is Intel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Intel's market value can be influenced by many factors that don't directly affect Intel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Intel's value and its price as these two are different measures arrived at by different means. Investors typically determine Intel value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Intel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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