Correlation Between Atrium Mortgage and INTEL CDR

Can any of the company-specific risk be diversified away by investing in both Atrium Mortgage and INTEL CDR 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 Atrium Mortgage and INTEL CDR into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Atrium Mortgage Investment and INTEL CDR, you can compare the effects of market volatilities on Atrium Mortgage and INTEL CDR 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 Atrium Mortgage with a short position of INTEL CDR. Check out your portfolio center. Please also check ongoing floating volatility patterns of Atrium Mortgage and INTEL CDR.

Diversification Opportunities for Atrium Mortgage and INTEL CDR

0.7

Correlation Coefficient

Atrium Mortgage  INTEL CDR

Poor diversification

The 3 months correlation between Atrium and INTEL is 0.7. Overlapping area represents the amount of risk that can be diversified away by holding Atrium Mortgage Investment and INTEL CDR in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on INTEL CDR and Atrium Mortgage 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 Atrium Mortgage Investment are associated (or correlated) with INTEL CDR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of INTEL CDR has no effect on the direction of Atrium Mortgage i.e., Atrium Mortgage and INTEL CDR go up and down completely randomly.

Pair Corralation between Atrium Mortgage and INTEL CDR

Assuming the 90 days horizon Atrium Mortgage is expected to generate 2.23 times less return on investment than INTEL CDR. But when comparing it to its historical volatility, Atrium Mortgage Investment is 3.59 times less risky than INTEL CDR. It trades about 0.21 of its potential returns per unit of risk. INTEL CDR is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  1,092  in INTEL CDR on April 21, 2025 and sell it today you would earn a total of  242.00  from holding INTEL CDR or generate 22.16% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Atrium Mortgage Investment  vs.  INTEL CDR

Atrium Mortgage Inve

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Atrium Mortgage Investment are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Atrium Mortgage may actually be approaching a critical reversion point that can send shares even higher in August 2025.

INTEL CDR

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in INTEL CDR are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of rather uncertain technical and fundamental indicators, INTEL CDR exhibited solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Atrium Mortgage and INTEL CDR

The main advantage of trading using opposite Atrium Mortgage and INTEL CDR positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Atrium Mortgage position performs unexpectedly, INTEL CDR 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 CDR will offset losses from the drop in INTEL CDR's long position.

The idea behind Atrium Mortgage Investment and INTEL CDR pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.