Correlation Analysis Between BRAM INDUSTRIES and Intel

This module allows you to analyze existing cross correlation between BRAM INDUSTRIES and Intel Corporation. You can compare the effects of market volatilities on BRAM INDUSTRIES and Intel 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 BRAM INDUSTRIES with a short position of Intel. See also your portfolio center. Please also check ongoing floating volatility patterns of BRAM INDUSTRIES and Intel.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

BRAM INDUSTRIES  
00

Risk-Adjusted Performance

Over the last 30 days BRAM INDUSTRIES has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, BRAM INDUSTRIES is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Intel  
66

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Intel Corporation are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Intel may actually be approaching a critical reversion point that can send shares even higher in October 2019.

BRAM INDUSTRIES and Intel Volatility Contrast

 Predicted Return Density 
      Returns 

BRAM INDUSTRIES  vs.  Intel Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, BRAM INDUSTRIES is expected to generate 17.3 times less return on investment than Intel. In addition to that, BRAM INDUSTRIES is 1.77 times more volatile than Intel Corporation. It trades about 0.0 of its total potential returns per unit of risk. Intel Corporation is currently generating about 0.09 per unit of volatility. If you would invest  4,731  in Intel Corporation on August 21, 2019 and sell it today you would earn a total of  426.00  from holding Intel Corporation or generate 9.0% return on investment over 30 days.

Pair Corralation between BRAM INDUSTRIES and Intel

-0.32
Time Period3 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy61.29%
ValuesDaily Returns

Diversification Opportunities for BRAM INDUSTRIES and Intel

BRAM INDUSTRIES diversification synergy

Very good diversification

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