Correlation Between Capstone Mining and Intermap Technologies
Can any of the company-specific risk be diversified away by investing in both Capstone Mining 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 Capstone Mining and Intermap Technologies into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Capstone Mining Corp and Intermap Technologies Corp, you can compare the effects of market volatilities on Capstone Mining 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 Capstone Mining with a short position of Intermap Technologies. Check out your portfolio center. Please also check ongoing floating volatility patterns of Capstone Mining and Intermap Technologies.
Diversification Opportunities for Capstone Mining and Intermap Technologies
-0.8 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Capstone and Intermap is -0.8. Overlapping area represents the amount of risk that can be diversified away by holding Capstone Mining 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 Capstone Mining 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 Capstone Mining 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 Capstone Mining i.e., Capstone Mining and Intermap Technologies go up and down completely randomly.
Pair Corralation between Capstone Mining and Intermap Technologies
Assuming the 90 days horizon Capstone Mining Corp is expected to generate 1.02 times more return on investment than Intermap Technologies. However, Capstone Mining is 1.02 times more volatile than Intermap Technologies Corp. It trades about 0.11 of its potential returns per unit of risk. Intermap Technologies Corp is currently generating about -0.19 per unit of risk. If you would invest 1,229 in Capstone Mining Corp on November 2, 2025 and sell it today you would earn a total of 280.00 from holding Capstone Mining Corp or generate 22.78% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Capstone Mining Corp vs. Intermap Technologies Corp
Performance |
| Timeline |
| Capstone Mining Corp |
| Intermap Technologies |
Capstone Mining and Intermap Technologies Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Capstone Mining and Intermap Technologies
The main advantage of trading using opposite Capstone Mining and Intermap Technologies positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Capstone Mining 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.| Capstone Mining vs. HudBay Minerals | Capstone Mining vs. China Gold International | Capstone Mining vs. IAMGold | Capstone Mining vs. New Gold |
| 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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