Intermap Technologies Correlations

IMP Stock

CAD 1.91 0.07 3.54%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Intermap Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intermap Technologies Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Intermap Technologies Correlation With Market

Modest diversification

The correlation between Intermap Technologies Corp and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intermap Technologies Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Intermap Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intermap Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Intermap Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Intermap Technologies Corp to buy it.

Moving together with Intermap Stock

0.79

Real Estate E

Pair Corr

Moving against Intermap Stock

0.78	GMG	Graphene Manufacturing	Pair Corr
0.76	LFE	Canadian Life Companies	Pair Corr
0.74	ENB-PFC	Enbridge Pref 11	Pair Corr
0.71	NPTH	NeuPath Health	Pair Corr
0.63	PGDC	Patagonia Gold Corp	Pair Corr
0.58	AVR	Avaron Mining Corp	Pair Corr
0.57	GRID	Tantalus Systems Holding	Pair Corr
0.57	GS	GOLDMAN SACHS CDR	Pair Corr
0.56	SFI	Solution Financial	Pair Corr
0.54	ELD	Eldorado Gold Corp	Pair Corr
0.53	PD	Precision Drilling	Pair Corr
0.51	DRT	DIRTT Environmental	Pair Corr
0.5	FTU-PB	US Financial 15	Pair Corr
0.47	HAI	Haivision Systems	Pair Corr
0.46	XLY	Auxly Cannabis Group	Pair Corr
0.42	ESP	Brompton Energy Split	Pair Corr
0.41	CGNT	Copper Giant Resources	Pair Corr
0.38	INO-UN	Inovalis Real Estate	Pair Corr
0.37	ELR	Eastern Platinum	Pair Corr
0.37	WPM	Wheaton Precious Metals	Pair Corr
0.36	CN	Condor Resources	Pair Corr
0.8	IGM	IGM Financial	Pair Corr
0.75	SAP	Saputo Inc	Pair Corr
0.71	FFN	North American Financial	Pair Corr
0.71	TD	Toronto Dominion Bank	Pair Corr
0.69	PRM	Big Pharma Split	Pair Corr
0.67	LDB-P	LDB Capital Corp	Pair Corr
0.66	WPK	Winpak	Pair Corr
0.64	KEC	Kiwetinohk Energy Corp	Pair Corr
0.58	MSV	Minco Silver	Pair Corr
0.58	EOG	Eco Atlantic Oil	Pair Corr
0.53	YES	CHAR Technologies	Pair Corr

Related Correlations Analysis

	NXO	UI	XHB	ERE-UN	CLU	RUDB	BN-PFI	XTOT	XEG	SOLI-P
NXO		1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NXO
UI	1.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	UI
XHB	0.0	0.0		-0.4	-0.01	0.56	0.12	0.48	-0.2	0.14	XHB
ERE-UN	0.0	0.0	-0.4		-0.14	-0.27	-0.17	-0.34	0.01	0.08	ERE-UN
CLU	0.0	0.0	-0.01	-0.14		-0.51	0.7	0.43	0.43	-0.58	CLU
RUDB	0.0	0.0	0.56	-0.27	-0.51		-0.34	0.12	-0.02	0.23	RUDB
BN-PFI	0.0	0.0	0.12	-0.17	0.7	-0.34		0.43	0.31	-0.28	BN-PFI
XTOT	0.0	0.0	0.48	-0.34	0.43	0.12	0.43		0.19	-0.06	XTOT
XEG	0.0	0.0	-0.2	0.01	0.43	-0.02	0.31	0.19		-0.6	XEG
SOLI-P	0.0	0.0	0.14	0.08	-0.58	0.23	-0.28	-0.06	-0.6		SOLI-P
	NXO	UI	XHB	ERE-UN	CLU	RUDB	BN-PFI	XTOT	XEG	SOLI-P

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

UI	+ 1.0	NXO
BN-PFI	+ 0.7	CLU
RUDB	+ 0.56	XHB
XTOT	+ 0.48	XHB
XTOT	+ 0.43	CLU
XEG	+ 0.43	CLU

High negative correlations

SOLI-P	- 0.6	XEG
SOLI-P	- 0.58	CLU
RUDB	- 0.51	CLU
ERE-UN	- 0.4	XHB
BN-PFI	- 0.34	RUDB
XTOT	- 0.34	ERE-UN

Risk-Adjusted Indicators

There is a big difference between Intermap Stock performing well and Intermap Technologies Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Intermap Technologies' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NXO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XHB	0.14	0.00	(0.31)	0.15	0.14	(0.14)	0.30	(0.25)	0.85
ERE-UN	2.19	(0.74)	0.00	(6.70)	0.00	0.00	3.85	(1.89)	58.26
CLU	0.52	0.02	(0.03)	0.12	0.55	(0.62)	1.23	(1.16)	3.20
RUDB	0.21	(0.01)	0.00	0.25	0.00	0.00	0.45	(0.50)	1.45
BN-PFI	0.21	0.03	(0.11)	(1.35)	0.19	(0.27)	0.60	(0.43)	1.58
XTOT	0.66	(0.01)	(0.04)	0.06	0.91	(0.65)	1.45	(1.54)	4.25
XEG	0.87	0.03	(0.03)	(0.82)	1.25	(0.84)	2.02	(1.56)	5.93
SOLI-P	1.25	(0.47)	0.00	(0.20)	0.00	0.00	0.00	0.00	61.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in Intermap Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Intermap Technologies Corporate Management

Elected by the shareholders, the Intermap Technologies' board of directors comprises two types of representatives: Intermap Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Intermap. The board's role is to monitor Intermap Technologies' management team and ensure that shareholders' interests are well served. Intermap Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Intermap Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Ivan Maddox	Executive Solutions	Profile
Carolyn Johnston	Chief Scientist	Profile
Nigel Jackson	VP Asia	Profile
Greg Hoffman	Vice Resources	Profile
Jeremy Schneider	Chief Officer	Profile

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