INTC vs MRAM: Correlation
Intel (INTC) and Everspin Technologies, Inc. (MRAM) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTC and MRAM?
On 3 years of weekly data the INTC/MRAM correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 1899.5 %².
Among the 37 assets we track against INTC, MRAM ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months INTC outperformed by 97.4 percentage points (+270.6% for INTC against +173.2% for MRAM).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
INTC vs MRAM: side by side
| INTC (Intel) | MRAM (Everspin Technologies, Inc.) | |
|---|---|---|
| 1-year return | +270.6% | +173.2% |
| 5-year return | +85.4% | +134.7% |
| Volatility (ann.) | 63.0% | 69.5% |
| Beta vs S&P 500 | 2.01 | 1.58 |
| Max drawdown (3Y) | -63.8% | -70.6% |
| Market cap | $486.8B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | INTC | MRAM |
|---|---|---|
| 2022 | -46.6% | -50.8% |
| 2023 | +94.6% | +62.6% |
| 2024 | -59.6% | -29.3% |
| 2025 | +84.0% | +45.2% |
| 2026 | +149.6% | +88.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INTC and MRAM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INTC and MRAM?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.47 over the last year and 0.35 over 5 years.
Is MRAM a good diversifier for INTC?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: INTC correlations · MRAM correlations
