Correlation Between Intermap Technologies and Intellinetics

Can any of the company-specific risk be diversified away by investing in both Intermap Technologies and Intellinetics 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 Intellinetics 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 Intellinetics, you can compare the effects of market volatilities on Intermap Technologies and Intellinetics 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 Intellinetics. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intermap Technologies and Intellinetics.

Diversification Opportunities for Intermap Technologies and Intellinetics

0.05

Correlation Coefficient

Intermap Technologies  Intellinetics

Significant diversification

The 3 months correlation between Intermap and Intellinetics is 0.05. Overlapping area represents the amount of risk that can be diversified away by holding Intermap Technologies Corp and Intellinetics in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intellinetics 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 Intellinetics. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intellinetics has no effect on the direction of Intermap Technologies i.e., Intermap Technologies and Intellinetics go up and down completely randomly.

Pair Corralation between Intermap Technologies and Intellinetics

Assuming the 90 days horizon Intermap Technologies Corp is expected to generate 1.08 times more return on investment than Intellinetics. However, Intermap Technologies is 1.08 times more volatile than Intellinetics. It trades about 0.08 of its potential returns per unit of risk. Intellinetics is currently generating about -0.06 per unit of risk. If you would invest  180.00  in Intermap Technologies Corp on May 17, 2025 and sell it today you would earn a total of  37.00  from holding Intermap Technologies Corp or generate 20.56% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Insignificant
Accuracy	98.39%
Values	Daily Returns

Intermap Technologies Corp  vs.  Intellinetics

Intermap Technologies

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Intermap Technologies Corp are ranked lower than 6 (%) 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.

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.

Pair Trading with Intermap Technologies and Intellinetics

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

The idea behind Intermap Technologies Corp and Intellinetics 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.

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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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.