Correlation Between WM Technology and Integra Resources

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

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

Diversification Opportunities for WM Technology and Integra Resources

-0.57

Correlation Coefficient

WM Technology  Integra Resources

Excellent diversification

The 3 months correlation between MAPSW and Integra is -0.57. Overlapping area represents the amount of risk that can be diversified away by holding WM Technology and Integra Resources Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Integra Resources Corp and WM Technology 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 WM Technology are associated (or correlated) with Integra Resources. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Integra Resources Corp has no effect on the direction of WM Technology i.e., WM Technology and Integra Resources go up and down completely randomly.

Pair Corralation between WM Technology and Integra Resources

Assuming the 90 days horizon WM Technology is expected to under-perform the Integra Resources. In addition to that, WM Technology is 3.05 times more volatile than Integra Resources Corp. It trades about -0.04 of its total potential returns per unit of risk. Integra Resources Corp is currently generating about 0.16 per unit of volatility. If you would invest  216.00  in Integra Resources Corp on August 28, 2025 and sell it today you would earn a total of  103.00  from holding Integra Resources Corp or generate 47.69% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	98.41%
Values	Daily Returns

WM Technology  vs.  Integra Resources Corp

WM Technology

Risk-Adjusted Performance

Weakest

Over the last 90 days WM Technology has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of inconsistent performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in December 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors.

Integra Resources Corp

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Integra Resources Corp are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Integra Resources reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with WM Technology and Integra Resources

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

The idea behind WM Technology and Integra Resources 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.

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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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.