Correlation Between UNB Corp and Intermap Technologies

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

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

Diversification Opportunities for UNB Corp and Intermap Technologies

0.0

Correlation Coefficient

UNB Corp  Intermap Technologies

Pay attention - limited upside

The 3 months correlation between UNB and Intermap is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding UNB Corp and Intermap Technologies Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intermap Technologies and UNB Corp 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 UNB Corp 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 UNB Corp i.e., UNB Corp and Intermap Technologies go up and down completely randomly.

Pair Corralation between UNB Corp and Intermap Technologies

If you would invest  0.00  in UNB Corp on August 26, 2025 and sell it today you would earn a total of  0.00  from holding UNB Corp or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.56%
Values	Daily Returns

UNB Corp  vs.  Intermap Technologies Corp

UNB Corp

Risk-Adjusted Performance

Fair

Over the last 90 days UNB Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, UNB Corp is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

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 UNB Corp and Intermap Technologies

The main advantage of trading using opposite UNB Corp and Intermap Technologies positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if UNB Corp 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 UNB Corp 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.