Correlation Between Intermap Technologies and Audio Pixels

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

Diversification Opportunities for Intermap Technologies and Audio Pixels

-0.57

Correlation Coefficient

Intermap Technologies  Audio Pixels

Excellent diversification

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

Pair Corralation between Intermap Technologies and Audio Pixels

Assuming the 90 days horizon Intermap Technologies Corp is expected to under-perform the Audio Pixels. But the otc stock apears to be less risky and, when comparing its historical volatility, Intermap Technologies Corp is 1.88 times less risky than Audio Pixels. The otc stock trades about -0.1 of its potential returns per unit of risk. The Audio Pixels Holdings is currently generating about 0.14 of returns per unit of risk over similar time horizon. If you would invest  339.00  in Audio Pixels Holdings on August 21, 2025 and sell it today you would earn a total of  186.00  from holding Audio Pixels Holdings or generate 54.87% return on investment over 90 days.

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

Intermap Technologies Corp  vs.  Audio Pixels Holdings

Intermap Technologies

Risk-Adjusted Performance

Weakest

Over the last 90 days Intermap Technologies Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in December 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Audio Pixels Holdings

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Audio Pixels Holdings are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of fairly fragile basic indicators, Audio Pixels showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Intermap Technologies and Audio Pixels

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

The idea behind Intermap Technologies Corp and Audio Pixels Holdings 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 Stocks Directory module to find actively traded stocks across global markets.