Correlation Between Kreditbanken and Intel

By analyzing existing cross correlation between Kreditbanken AS and Intel you can compare the effects of market volatilities on Kreditbanken 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 Kreditbanken with a short position of Intel. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kreditbanken and Intel.

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Can any of the company-specific risk be diversified away by investing in both Kreditbanken and Intel at the same time? Although using correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combing Kreditbanken and Intel into the same portfolio which is an essential part of fundamental portfolio management process.

Diversification Opportunities for Kreditbanken and Intel

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Pay attention - limited upside

The 3 months correlation between Kreditbanken and Intel is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Kreditbanken AS and Intel Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Intel and Kreditbanken 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 Kreditbanken AS 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 Kreditbanken i.e. Kreditbanken and Intel go up and down completely randomly.

Pair Corralation between Kreditbanken and Intel

If you would invest  6,176  in Intel on April 24, 2020 and sell it today you would earn a total of  50.00  from holding Intel or generate 0.81% return on investment over 30 days.
Time Period3 Months [change]
ValuesDaily Returns

Kreditbanken AS  vs.  Intel Corp.

 Performance (%) 
Kreditbanken AS 

Kreditbanken Risk-Adjusted Performance

Over the last 30 days Kreditbanken AS has generated negative risk-adjusted returns adding no value to investors with long positions. Allthough quite persistent forward indicators, Kreditbanken is not utilizing all of its potentials. The existing stock price mess, may contribute to short term losses for the partners.

Intel Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Intel are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days. Despite somewhat unsteady basic indicators, Intel may actually be approaching a critical reversion point that can send shares even higher in June 2020.

Kreditbanken and Intel Volatility Contrast

Kreditbanken AS

Pair trading matchups for Kreditbanken

Check out your portfolio center. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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