Maplebear Correlations

CART Stock

USD 47.18 1.10 2.39%

The current 90-days correlation between Maplebear and Griffon is 0.26 (i.e., Modest diversification). The correlation of Maplebear 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Maplebear Correlation With Market

Very weak diversification

The correlation between Maplebear and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maplebear and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Maplebear Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Maplebear. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Maplebear Stock please use our How to Invest in Maplebear guide.

Moving together with Maplebear Stock

0.7	WBUY	WEBUY GLOBAL LTD Trending	Pair Corr
0.82	WMT	Walmart	Pair Corr
0.73	OI	O I Glass	Pair Corr
0.81	DRVN	Driven Brands Holdings	Pair Corr
0.76	EVRI	Everi Holdings	Pair Corr
0.67	AVY	Avery Dennison Corp	Pair Corr
0.74	CCK	Crown Holdings	Pair Corr

Moving against Maplebear Stock

0.67	VIRC	Virco Manufacturing	Pair Corr
0.59	ANDE	Andersons	Pair Corr
0.46	HCWC	Healthy Choice Wellness	Pair Corr
0.38	DDL	Dingdong ADR	Pair Corr
0.38	AGH	Aureus Greenway Holdings	Pair Corr
0.32	HFFG	Hf Foods Group	Pair Corr
0.65	GPK	Graphic Packaging Holding Sell-off Trend	Pair Corr
0.61	FTEL	Fitell Ordinary	Pair Corr
0.44	FRSX	Foresight Autonomous	Pair Corr

Related Correlations Analysis

	EGO	GFF	ZEUS	CRZNF	UEC	ALTO	KALU
EGO		0.01	0.25	0.0	0.78	0.45	0.68	EGO
GFF	0.01		0.65	0.0	0.29	0.46	0.47	GFF
ZEUS	0.25	0.65		0.0	0.45	0.33	0.61	ZEUS
CRZNF	0.0	0.0	0.0		0.0	0.0	0.0	CRZNF
UEC	0.78	0.29	0.45	0.0		0.67	0.91	UEC
ALTO	0.45	0.46	0.33	0.0	0.67		0.64	ALTO
KALU	0.68	0.47	0.61	0.0	0.91	0.64		KALU
	EGO	GFF	ZEUS	CRZNF	UEC	ALTO	KALU

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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

KALU	+ 0.91	UEC
UEC	+ 0.78	EGO
KALU	+ 0.68	EGO
ALTO	+ 0.67	UEC
ZEUS	+ 0.65	GFF
KALU	+ 0.64	ALTO

High negative correlations

KALU	- 0.0	CRZNF
ALTO	- 0.0	CRZNF
UEC	- 0.0	CRZNF
CRZNF	- 0.0	ZEUS
CRZNF	- 0.0	GFF
CRZNF	- 0.0	EGO

Risk-Adjusted Indicators

There is a big difference between Maplebear Stock performing well and Maplebear 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 Maplebear's 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
EGO	2.14	0.32	0.09	0.99	2.55	(2.30)	5.32	(3.00)	18.49
GFF	1.85	0.03	0.02	0.12	2.32	(1.95)	4.44	(3.65)	15.07
ZEUS	2.00	0.07	0.03	0.16	2.79	(1.98)	5.53	(3.90)	14.85
CRZNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UEC	3.24	0.51	0.14	0.74	3.00	(3.72)	7.02	(5.52)	31.35
ALTO	3.42	0.13	0.03	0.26	4.04	(4.12)	7.77	(6.74)	19.09
KALU	2.08	0.43	0.18	0.41	2.07	(2.47)	5.95	(2.62)	13.81

Maplebear Corporate Management

Laura Jones	Chief Officer	Profile
Varouj Chitilian	Chief Officer	Profile
J Zhuang	Chief Architect	Profile
Alan Ramsay	Chief Officer	Profile
Anirban Kundu	Chief Officer	Profile
Asha Sharma	Chief Officer	Profile

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