Correlation Between Intellinetics and Intermap Technologies

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

By analyzing existing cross correlation between Intellinetics and Intermap Technologies Corp, you can compare the effects of market volatilities on Intellinetics and Intermap Technologies 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 Intellinetics with a short position of Intermap Technologies. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intellinetics and Intermap Technologies.

Diversification Opportunities for Intellinetics and Intermap Technologies

-0.06

Correlation Coefficient

Intellinetics  Intermap Technologies

Good diversification

The 3 months correlation between Intellinetics and Intermap is -0.06. Overlapping area represents the amount of risk that can be diversified away by holding Intellinetics and Intermap Technologies Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intermap Technologies and Intellinetics 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 Intellinetics are associated (or correlated) with Intermap Technologies. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intermap Technologies has no effect on the direction of Intellinetics i.e., Intellinetics and Intermap Technologies go up and down completely randomly.

Pair Corralation between Intellinetics and Intermap Technologies

Given the investment horizon of 90 days Intellinetics is expected to under-perform the Intermap Technologies. But the stock apears to be less risky and, when comparing its historical volatility, Intellinetics is 1.07 times less risky than Intermap Technologies. The stock trades about -0.08 of its potential returns per unit of risk. The Intermap Technologies Corp is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  162.00  in Intermap Technologies Corp on May 25, 2025 and sell it today you would earn a total of  62.00  from holding Intermap Technologies Corp or generate 38.27% return on investment over 90 days.

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

Intellinetics  vs.  Intermap Technologies Corp

Intellinetics

Risk-Adjusted Performance

Weakest

Over the last 90 days Intellinetics has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Stock's essential indicators remain fairly strong which may send shares a bit higher in September 2025. The current disturbance may also be a sign of long term up-swing for the company investors.

Intermap Technologies

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Intermap Technologies Corp are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite nearly unfluctuating basic indicators, Intermap Technologies reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Intellinetics and Intermap Technologies

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

The idea behind Intellinetics and Intermap Technologies Corp 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.

Check out your portfolio center.

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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.