Correlation Between Intermap Technologies and ULS

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

Diversification Opportunities for Intermap Technologies and ULS

0.08

Correlation Coefficient

Intermap Technologies  ULS

Significant diversification

The 3 months correlation between Intermap and ULS is 0.08. Overlapping area represents the amount of risk that can be diversified away by holding Intermap Technologies Corp and ULS Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ULS Group 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 ULS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ULS Group has no effect on the direction of Intermap Technologies i.e., Intermap Technologies and ULS go up and down completely randomly.

Pair Corralation between Intermap Technologies and ULS

Assuming the 90 days horizon Intermap Technologies Corp is expected to under-perform the ULS. But the otc stock apears to be less risky and, when comparing its historical volatility, Intermap Technologies Corp is 35.61 times less risky than ULS. The otc stock trades about -0.05 of its potential returns per unit of risk. The ULS Group is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest  249.00  in ULS Group on August 1, 2025 and sell it today you would earn a total of  0.00  from holding ULS Group or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Insignificant
Accuracy	98.44%
Values	Daily Returns

Intermap Technologies Corp  vs.  ULS Group

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 latest fragile performance, the Stock's basic indicators remain stable and the current disturbance on Wall Street may also be a sign of long-run gains for the company stockholders.

ULS Group

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in ULS Group are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, ULS reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Intermap Technologies and ULS

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

The idea behind Intermap Technologies Corp and ULS Group 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.