Correlation Analysis Between CASTEX TECHNOLOGIE and Intel

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

Comparative Performance

CASTEX TECHNOLOGIE  
00

Risk-Adjusted Performance

Over the last 30 days CASTEX TECHNOLOGIE has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, CASTEX TECHNOLOGIE is not utilizing all of its potentials. The current stock price uproar, may contribute to short horizon losses for the leadership.
Intel  
00

Risk-Adjusted Performance

Over the last 30 days Intel Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unfluctuating performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in September 2019. The current disturbance may also be a sign of long term up-swing for the company investors.

CASTEX TECHNOLOGIE and Intel Volatility Contrast

CASTEX TECHNOLOGIE  vs.  Intel Corp.

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in CASTEX TECHNOLOGIE on July 26, 2019 and sell it today you would earn a total of  0.00  from holding CASTEX TECHNOLOGIE or generate 0.0% return on investment over 30 days.

Pair Corralation between CASTEX TECHNOLOGIE and Intel

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy2.27%
ValuesDaily Returns

Diversification Opportunities for CASTEX TECHNOLOGIE and Intel

CASTEX TECHNOLOGIE diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding CASTEX TECHNOLOGIE and Intel Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Intel and CASTEX TECHNOLOGIE 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 CASTEX TECHNOLOGIE 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 CASTEX TECHNOLOGIE i.e. CASTEX TECHNOLOGIE and Intel go up and down completely randomly.
See also your portfolio center. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.


 
Search macroaxis.com