INTC (INTC)
Daily ERM3 factor decomposition: how much of INTC's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $116.96
- Market cap
- $568.0B
- 23-day vol
- 82.8%
- Sector proxy
- XLK
- Subsector proxy
- SMH
Risk DNA
29% of INTC's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 15.3%Sector 5.4%Subsector 8.5%Stock-specific 70.7%
ETF hedge ratios
Dollars of ETF to short per $1 of INTC held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLK) | Subsector (SMH) | Explained risk |
|---|---|---|---|---|
| L1 | $-2.40 | — | — | 15.3% |
| L2 | $0.43 | $-1.76 | — | 20.8% |
| L3 | $-0.33 | $-0.01 | $-0.95 | 29.3% |
Data as of June 12, 2026. Updated daily from the ERM3 pipeline.
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