Correlation Between Advanced Micro and PROCTER
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By analyzing existing cross correlation between Advanced Micro Devices and PROCTER GAMBLE 555, you can compare the effects of market volatilities on Advanced Micro and PROCTER 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 Advanced Micro with a short position of PROCTER. Check out your portfolio center. Please also check ongoing floating volatility patterns of Advanced Micro and PROCTER.
Diversification Opportunities for Advanced Micro and PROCTER
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Advanced and PROCTER is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Advanced Micro Devices and PROCTER GAMBLE 555 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on PROCTER GAMBLE 555 and Advanced Micro 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 Advanced Micro Devices are associated (or correlated) with PROCTER. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of PROCTER GAMBLE 555 has no effect on the direction of Advanced Micro i.e., Advanced Micro and PROCTER go up and down completely randomly.
Pair Corralation between Advanced Micro and PROCTER
If you would invest 3,130 in Advanced Micro Devices on August 28, 2025 and sell it today you would earn a total of 680.00 from holding Advanced Micro Devices or generate 21.73% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Advanced Micro Devices vs. PROCTER GAMBLE 555
Performance |
| Timeline |
| Advanced Micro Devices |
| PROCTER GAMBLE 555 |
Risk-Adjusted Performance
Weakest
Weak | Strong |
Advanced Micro and PROCTER Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Advanced Micro and PROCTER
The main advantage of trading using opposite Advanced Micro and PROCTER positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Advanced Micro position performs unexpectedly, PROCTER can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PROCTER will offset losses from the drop in PROCTER's long position.| Advanced Micro vs. Vizsla Silver Corp | Advanced Micro vs. Mako Mining Corp | Advanced Micro vs. Aris Mining | Advanced Micro vs. Euro Sun Mining |
| PROCTER vs. Copperbank Resources Corp | PROCTER vs. Laurentian Bank of | PROCTER vs. Lamar Advertising | PROCTER vs. Capital Clean Energy |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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