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
- $105.45
- Market cap
- $529.7B
- 23-day vol
- 86.5%
- Sector proxy
- XLK
- Subsector proxy
- SMH
Risk DNA
36% of INTC's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 17.5%Sector 9.2%Subsector 8.8%Stock-specific 64.4%
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 | $-2.57 | — | — | 17.5% |
| L2 | $0.02 | $-1.53 | — | 26.8% |
| L3 | $-1.36 | $1.02 | $-1.26 | 35.6% |
Data as of July 22, 2026. Updated daily from the ERM3 pipeline.
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