Correlation Between Materialise and Intermap Technologies

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

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

Diversification Opportunities for Materialise and Intermap Technologies

-0.59

Correlation Coefficient

Materialise  Intermap Technologies

Excellent diversification

The 3 months correlation between Materialise and Intermap is -0.59. Overlapping area represents the amount of risk that can be diversified away by holding Materialise NV and Intermap Technologies Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intermap Technologies and Materialise 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 Materialise NV 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 Materialise i.e., Materialise and Intermap Technologies go up and down completely randomly.

Pair Corralation between Materialise and Intermap Technologies

Given the investment horizon of 90 days Materialise NV is expected to generate 1.03 times more return on investment than Intermap Technologies. However, Materialise is 1.03 times more volatile than Intermap Technologies Corp. It trades about 0.09 of its potential returns per unit of risk. Intermap Technologies Corp is currently generating about -0.1 per unit of risk. If you would invest  506.00  in Materialise NV on August 26, 2025 and sell it today you would earn a total of  84.00  from holding Materialise NV or generate 16.6% return on investment over 90 days.

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

Materialise NV  vs.  Intermap Technologies Corp

Materialise NV

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Materialise NV are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak essential indicators, Materialise unveiled solid returns over the last few months and may actually be approaching a breakup point.

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 inconsistent 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 Materialise and Intermap Technologies

The main advantage of trading using opposite Materialise and Intermap Technologies positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Materialise 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 Materialise NV 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.