Correlation Between Alithya Group and Intermap Technologies
Can any of the company-specific risk be diversified away by investing in both Alithya Group 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 Alithya Group and Intermap Technologies into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Alithya Group inc and Intermap Technologies Corp, you can compare the effects of market volatilities on Alithya Group 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 Alithya Group with a short position of Intermap Technologies. Check out your portfolio center. Please also check ongoing floating volatility patterns of Alithya Group and Intermap Technologies.
Diversification Opportunities for Alithya Group and Intermap Technologies
0.64 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Alithya and Intermap is 0.64. Overlapping area represents the amount of risk that can be diversified away by holding Alithya Group inc and Intermap Technologies Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intermap Technologies and Alithya Group 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 Alithya Group inc 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 Alithya Group i.e., Alithya Group and Intermap Technologies go up and down completely randomly.
Pair Corralation between Alithya Group and Intermap Technologies
Assuming the 90 days trading horizon Alithya Group inc is expected to generate 1.05 times more return on investment than Intermap Technologies. However, Alithya Group is 1.05 times more volatile than Intermap Technologies Corp. It trades about -0.03 of its potential returns per unit of risk. Intermap Technologies Corp is currently generating about -0.21 per unit of risk. If you would invest 183.00 in Alithya Group inc on October 3, 2025 and sell it today you would lose (16.00) from holding Alithya Group inc or give up 8.74% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Alithya Group inc vs. Intermap Technologies Corp
Performance |
| Timeline |
| Alithya Group inc |
| Intermap Technologies |
Alithya Group and Intermap Technologies Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Alithya Group and Intermap Technologies
The main advantage of trading using opposite Alithya Group and Intermap Technologies positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Alithya Group 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.| Alithya Group vs. WonderFi Technologies | Alithya Group vs. Intermap Technologies Corp | Alithya Group vs. Sylogist | Alithya Group vs. Thinkific Labs |
| Intermap Technologies vs. Thinkific Labs | Intermap Technologies vs. Sylogist | Intermap Technologies vs. WonderFi Technologies | Intermap Technologies vs. Alithya Group inc |
Check out your portfolio center.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 Stocks Directory module to find actively traded stocks across global markets.
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