Correlation Between GOLDMAN SACHS and Intermap Technologies
Can any of the company-specific risk be diversified away by investing in both GOLDMAN SACHS 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 GOLDMAN SACHS and Intermap Technologies into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between GOLDMAN SACHS CDR and Intermap Technologies Corp, you can compare the effects of market volatilities on GOLDMAN SACHS 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 GOLDMAN SACHS with a short position of Intermap Technologies. Check out your portfolio center. Please also check ongoing floating volatility patterns of GOLDMAN SACHS and Intermap Technologies.
Diversification Opportunities for GOLDMAN SACHS and Intermap Technologies
-0.69 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between GOLDMAN and Intermap is -0.69. Overlapping area represents the amount of risk that can be diversified away by holding GOLDMAN SACHS CDR and Intermap Technologies Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intermap Technologies and GOLDMAN SACHS 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 GOLDMAN SACHS CDR 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 GOLDMAN SACHS i.e., GOLDMAN SACHS and Intermap Technologies go up and down completely randomly.
Pair Corralation between GOLDMAN SACHS and Intermap Technologies
Assuming the 90 days trading horizon GOLDMAN SACHS CDR is expected to generate 0.47 times more return on investment than Intermap Technologies. However, GOLDMAN SACHS CDR is 2.11 times less risky than Intermap Technologies. It trades about 0.14 of its potential returns per unit of risk. Intermap Technologies Corp is currently generating about -0.23 per unit of risk. If you would invest 3,865 in GOLDMAN SACHS CDR on October 6, 2025 and sell it today you would earn a total of 548.00 from holding GOLDMAN SACHS CDR or generate 14.18% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
GOLDMAN SACHS CDR vs. Intermap Technologies Corp
Performance |
| Timeline |
| GOLDMAN SACHS CDR |
| Intermap Technologies |
GOLDMAN SACHS and Intermap Technologies Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with GOLDMAN SACHS and Intermap Technologies
The main advantage of trading using opposite GOLDMAN SACHS and Intermap Technologies positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if GOLDMAN SACHS 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.| GOLDMAN SACHS vs. Jack Nathan Medical | GOLDMAN SACHS vs. Conavi Medical Corp | GOLDMAN SACHS vs. Rogers Communications | GOLDMAN SACHS vs. Hemisphere Energy |
| 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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