Correlation Between 3M and Intermap Technologies

Can any of the company-specific risk be diversified away by investing in both 3M and Intermap Technologies 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 3M and Intermap Technologies into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between 3M Company and Intermap Technologies Corp, you can compare the effects of market volatilities on 3M and Intermap Technologies 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 3M with a short position of Intermap Technologies. Check out your portfolio center. Please also check ongoing floating volatility patterns of 3M and Intermap Technologies.

Diversification Opportunities for 3M and Intermap Technologies

-0.68

Correlation Coefficient

3M  Intermap Technologies

Excellent diversification

The 3 months correlation between 3M and Intermap is -0.68. Overlapping area represents the amount of risk that can be diversified away by holding 3M Company and Intermap Technologies Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intermap Technologies and 3M 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 3M Company are associated (or correlated) with Intermap Technologies. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intermap Technologies has no effect on the direction of 3M i.e., 3M and Intermap Technologies go up and down completely randomly.

Pair Corralation between 3M and Intermap Technologies

Considering the 90-day investment horizon 3M Company is expected to generate 0.48 times more return on investment than Intermap Technologies. However, 3M Company is 2.09 times less risky than Intermap Technologies. It trades about 0.09 of its potential returns per unit of risk. Intermap Technologies Corp is currently generating about -0.11 per unit of risk. If you would invest  15,518  in 3M Company on August 24, 2025 and sell it today you would earn a total of  1,291  from holding 3M Company or generate 8.32% return on investment over 90 days.

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

3M Company  vs.  Intermap Technologies Corp

3M Company

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in 3M Company are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of very unsteady primary indicators, 3M may actually be approaching a critical reversion point that can send shares even higher in December 2025.

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.

Pair Trading with 3M and Intermap Technologies

The main advantage of trading using opposite 3M and Intermap Technologies positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if 3M position performs unexpectedly, Intermap Technologies 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 Intermap Technologies will offset losses from the drop in Intermap Technologies' long position.

The idea behind 3M Company and Intermap Technologies 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..