Correlation Between Intermap Technologies and HopTo

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

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

Diversification Opportunities for Intermap Technologies and HopTo

0.0

Correlation Coefficient

Intermap Technologies  HopTo

Pay attention - limited upside

The 3 months correlation between Intermap and HopTo is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Intermap Technologies Corp and hopTo Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on hopTo Inc and Intermap Technologies 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 Intermap Technologies Corp are associated (or correlated) with HopTo. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of hopTo Inc has no effect on the direction of Intermap Technologies i.e., Intermap Technologies and HopTo go up and down completely randomly.

Pair Corralation between Intermap Technologies and HopTo

If you would invest  166.00  in Intermap Technologies Corp on May 11, 2025 and sell it today you would earn a total of  63.00  from holding Intermap Technologies Corp or generate 37.95% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Intermap Technologies Corp  vs.  hopTo Inc

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 9 (%) 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.

hopTo Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days hopTo Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, HopTo is not utilizing all of its potentials. The latest stock price disarray, may contribute to short-term losses for the investors.

Pair Trading with Intermap Technologies and HopTo

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

The idea behind Intermap Technologies Corp and hopTo Inc 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.