Correlation Between First National and Intrusion
Can any of the company-specific risk be diversified away by investing in both First National and Intrusion 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 First National and Intrusion into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between First National of and Intrusion, you can compare the effects of market volatilities on First National and Intrusion 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 First National with a short position of Intrusion. Check out your portfolio center. Please also check ongoing floating volatility patterns of First National and Intrusion.
Diversification Opportunities for First National and Intrusion
-0.73 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between First and Intrusion is -0.73. Overlapping area represents the amount of risk that can be diversified away by holding First National of and Intrusion in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intrusion and First National 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 First National of are associated (or correlated) with Intrusion. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intrusion has no effect on the direction of First National i.e., First National and Intrusion go up and down completely randomly.
Pair Corralation between First National and Intrusion
Given the investment horizon of 90 days First National of is expected to generate 0.28 times more return on investment than Intrusion. However, First National of is 3.51 times less risky than Intrusion. It trades about 0.12 of its potential returns per unit of risk. Intrusion is currently generating about -0.1 per unit of risk. If you would invest 1,400,000 in First National of on October 9, 2025 and sell it today you would earn a total of 150,000 from holding First National of or generate 10.71% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 98.39% |
| Values | Daily Returns |
First National of vs. Intrusion
Performance |
| Timeline |
| First National |
| Intrusion |
First National and Intrusion Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with First National and Intrusion
The main advantage of trading using opposite First National and Intrusion positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if First National position performs unexpectedly, Intrusion 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 Intrusion will offset losses from the drop in Intrusion's long position.| First National vs. Bank Of Cyprus | First National vs. Sydbank AS ADR | First National vs. The Bank of | First National vs. Jyske Bank AS |
| Intrusion vs. Cerberus Cyber Sentinel | Intrusion vs. authID Inc | Intrusion vs. Hub Cyber Security | Intrusion vs. Payoneer Global |
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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Other Complementary Tools
| CEOs Directory Screen CEOs from public companies around the world | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device |