Intermap Technologies Corp Stock Market Value
| IMP Stock | CAD 1.94 0.02 1.02% |
| Symbol | Intermap |
Intermap Technologies Price To Book Ratio
Intermap Technologies 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Intermap Technologies' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Intermap Technologies.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Intermap Technologies on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Intermap Technologies Corp or generate 0.0% return on investment in Intermap Technologies over 360 days. Intermap Technologies is related to or competes with Firan Technology, Vecima Networks, D Box, and Tucows. Intermap Technologies Corporation, a geospatial information company, provides geospatial solutions and analytics in the ... More
Intermap Technologies Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Intermap Technologies' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Intermap Technologies Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.15 | |||
| Information Ratio | 0.2388 | |||
| Maximum Drawdown | 25.32 | |||
| Value At Risk | (6.15) | |||
| Potential Upside | 13.68 |
Intermap Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intermap Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intermap Technologies' standard deviation. In reality, there are many statistical measures that can use Intermap Technologies historical prices to predict the future Intermap Technologies' volatility.| Risk Adjusted Performance | 0.1975 | |||
| Jensen Alpha | 1.53 | |||
| Total Risk Alpha | 0.5569 | |||
| Sortino Ratio | 0.3168 | |||
| Treynor Ratio | (1.63) |
Intermap Technologies Backtested Returns
Intermap Technologies is dangerous given 3 months investment horizon. Intermap Technologies holds Efficiency (Sharpe) Ratio of 0.29, which attests that the entity had a 0.29% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.6% are justified by taking the suggested risk. Use Intermap Technologies Corp Market Risk Adjusted Performance of (1.62), downside deviation of 4.15, and Risk Adjusted Performance of 0.1975 to evaluate company specific risk that cannot be diversified away. Intermap Technologies holds a performance score of 22 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.88, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Intermap Technologies are expected to decrease slowly. On the other hand, during market turmoil, Intermap Technologies is expected to outperform it slightly. Use Intermap Technologies Corp expected short fall, and the relationship between the value at risk and daily balance of power , to analyze future returns on Intermap Technologies Corp.
Auto-correlation | -0.45 |
Modest reverse predictability
Intermap Technologies Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Intermap Technologies time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Intermap Technologies price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Intermap Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Intermap Technologies lagged returns against current returns
Autocorrelation, which is Intermap Technologies stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Intermap Technologies' stock expected returns. We can calculate the autocorrelation of Intermap Technologies returns to help us make a trade decision. For example, suppose you find that Intermap Technologies has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Intermap Technologies regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Intermap Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intermap Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intermap Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Intermap Technologies Lagged Returns
When evaluating Intermap Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intermap Technologies stock have on its future price. Intermap Technologies autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Intermap Technologies autocorrelation shows the relationship between Intermap Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Intermap Technologies Corp.
Regressed Prices |
| Timeline |
Pair Trading with Intermap Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Intermap Technologies position performs unexpectedly, the other equity 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 appreciate offsetting losses from the drop in the long position's value.Moving together with Intermap Stock
| 0.8 | AAPL | Apple Inc CDR | PairCorr |
| 0.63 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.61 | GOOG | Alphabet CDR | PairCorr |
| 0.84 | JPM | JPMorgan Chase | PairCorr |
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.
The correlation of Intermap Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Intermap Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Intermap Stock
Intermap Technologies financial ratios help investors to determine whether Intermap Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Intermap with respect to the benefits of owning Intermap Technologies security.