Intel Correlations

INTC Stock  USD 34.49  0.99  2.96%   
The current 90-days correlation between Intel and NVIDIA is 0.04 (i.e., Significant diversification). The correlation of Intel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Intel Correlation With Market

Modest diversification

The correlation between Intel and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intel and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Intel Stock refer to our How to Trade Intel Stock guide.

Moving together with Intel Stock

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Moving against Intel Stock

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Related Correlations Analysis

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Intel Corporate Management