Correlation Between Clifton Mining and Intel
Can any of the company-specific risk be diversified away by investing in both Clifton Mining and Intel at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Clifton Mining and Intel into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Clifton Mining Co and Intel, you can compare the effects of market volatilities on Clifton Mining 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 Clifton Mining with a short position of Intel. Check out your portfolio center. Please also check ongoing floating volatility patterns of Clifton Mining and Intel.
Diversification Opportunities for Clifton Mining and Intel
0.01 | Correlation Coefficient |
Significant diversification
The 3 months correlation between Clifton and Intel is 0.01. Overlapping area represents the amount of risk that can be diversified away by holding Clifton Mining Co and Intel in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intel and Clifton Mining 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 Clifton Mining Co 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 Clifton Mining i.e., Clifton Mining and Intel go up and down completely randomly.
Pair Corralation between Clifton Mining and Intel
Given the investment horizon of 90 days Clifton Mining is expected to generate 1.05 times less return on investment than Intel. In addition to that, Clifton Mining is 2.57 times more volatile than Intel. It trades about 0.07 of its total potential returns per unit of risk. Intel is currently generating about 0.19 per unit of volatility. If you would invest 2,324 in Intel on July 22, 2025 and sell it today you would earn a total of 1,377 from holding Intel or generate 59.25% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Clifton Mining Co vs. Intel
Performance |
| Timeline |
| Clifton Mining |
| Intel |
Clifton Mining and Intel Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Clifton Mining and Intel
The main advantage of trading using opposite Clifton Mining and Intel positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Clifton Mining position performs unexpectedly, Intel 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 Intel will offset losses from the drop in Intel's long position.| Clifton Mining vs. Tsodilo Resources Limited | Clifton Mining vs. Riley Gold Corp | Clifton Mining vs. Mountain Province Diamonds | Clifton Mining vs. Bradda Head Lithium |
| Intel vs. Applied Materials | Intel vs. Lam Research Corp | Intel vs. Texas Instruments Incorporated | Intel vs. Arm Holdings plc |
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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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