Correlation Between Zedcor Energy and Intermap Technologies

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

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

Diversification Opportunities for Zedcor Energy and Intermap Technologies

-0.75

Correlation Coefficient

Zedcor Energy  Intermap Technologies

Pay attention - limited upside

The 3 months correlation between Zedcor and Intermap is -0.75. Overlapping area represents the amount of risk that can be diversified away by holding Zedcor Energy and Intermap Technologies Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intermap Technologies and Zedcor Energy 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 Zedcor Energy 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 Zedcor Energy i.e., Zedcor Energy and Intermap Technologies go up and down completely randomly.

Pair Corralation between Zedcor Energy and Intermap Technologies

Assuming the 90 days horizon Zedcor Energy is expected to generate 0.89 times more return on investment than Intermap Technologies. However, Zedcor Energy is 1.13 times less risky than Intermap Technologies. It trades about 0.18 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  436.00  in Zedcor Energy on August 26, 2025 and sell it today you would earn a total of  164.00  from holding Zedcor Energy or generate 37.61% return on investment over 90 days.

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

Zedcor Energy  vs.  Intermap Technologies Corp

Zedcor Energy

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Zedcor Energy are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating basic indicators, Zedcor Energy showed 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 Zedcor Energy and Intermap Technologies

The main advantage of trading using opposite Zedcor Energy and Intermap Technologies positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Zedcor Energy 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 Zedcor Energy 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.