Correlation Between Aureus Greenway and Maplebear
Can any of the company-specific risk be diversified away by investing in both Aureus Greenway and Maplebear 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 Aureus Greenway and Maplebear into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Aureus Greenway Holdings and Maplebear, you can compare the effects of market volatilities on Aureus Greenway and Maplebear 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 Aureus Greenway with a short position of Maplebear. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aureus Greenway and Maplebear.
Diversification Opportunities for Aureus Greenway and Maplebear
-0.08 | Correlation Coefficient |
Good diversification
The 3 months correlation between Aureus and Maplebear is -0.08. Overlapping area represents the amount of risk that can be diversified away by holding Aureus Greenway Holdings and Maplebear in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Maplebear and Aureus Greenway 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 Aureus Greenway Holdings are associated (or correlated) with Maplebear. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Maplebear has no effect on the direction of Aureus Greenway i.e., Aureus Greenway and Maplebear go up and down completely randomly.
Pair Corralation between Aureus Greenway and Maplebear
Considering the 90-day investment horizon Aureus Greenway is expected to generate 2.86 times less return on investment than Maplebear. In addition to that, Aureus Greenway is 1.21 times more volatile than Maplebear. It trades about 0.03 of its total potential returns per unit of risk. Maplebear is currently generating about 0.11 per unit of volatility. If you would invest 4,179 in Maplebear on April 21, 2025 and sell it today you would earn a total of 732.00 from holding Maplebear or generate 17.52% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Aureus Greenway Holdings vs. Maplebear
Performance |
| Timeline |
| Aureus Greenway Holdings |
| Maplebear |
Aureus Greenway and Maplebear Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Aureus Greenway and Maplebear
The main advantage of trading using opposite Aureus Greenway and Maplebear positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aureus Greenway position performs unexpectedly, Maplebear 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 Maplebear will offset losses from the drop in Maplebear's long position.| Aureus Greenway vs. Melco Resorts Entertainment | Aureus Greenway vs. DiamondRock Hospitality | Aureus Greenway vs. Deluxe | Aureus Greenway vs. Starbucks |
| Maplebear vs. Gentex | Maplebear vs. Communications Synergy Technologies | Maplebear vs. Zhihu Inc ADR | Maplebear vs. Nextplat Corp |
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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Other Complementary Tools
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Transaction History View history of all your transactions and understand their impact on performance |