On up days it is between 0.0171 and 0.0255. In down days, 0.0189-0.035.
Fridays action was the highest ( 0.035)
Nasdaq moves up 100 points, you expect minimum $ 1.70 increase in share price. Nasdaq moves down 100 points, you expect $ 1.8 down in intel prices. yesterday was unusal. If Nasdaq had moved 100 points down, with yesterdays ratio the price decrease would have been $ 3.50 !!!
Intels sale on Friday had nothing to do with Intel. Big boys are thinking that their stomach is filled. They need more time to digest because regurgitation may cause esophagus cancer.
Now their stomach may get bigger as you know. They do not know that. Lions with full stomach is as nice as cats in fact. So now they are mellowing. They even refuse to look at the liver ( cat analogy).
Being worried cautious are natural reactions. But markets behave irrational. On most of the days markets are not cautious at all. We will see.