Correlation Between Maplebear and QVC
Can any of the company-specific risk be diversified away by investing in both Maplebear and QVC 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 Maplebear and QVC into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Maplebear and QVC Group, you can compare the effects of market volatilities on Maplebear and QVC 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 Maplebear with a short position of QVC. Check out your portfolio center. Please also check ongoing floating volatility patterns of Maplebear and QVC.
Diversification Opportunities for Maplebear and QVC
Very good diversification
The 3 months correlation between Maplebear and QVC is -0.36. Overlapping area represents the amount of risk that can be diversified away by holding Maplebear and QVC Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on QVC Group and Maplebear 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 Maplebear are associated (or correlated) with QVC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of QVC Group has no effect on the direction of Maplebear i.e., Maplebear and QVC go up and down completely randomly.
Pair Corralation between Maplebear and QVC
Given the investment horizon of 90 days Maplebear is expected to generate 0.51 times more return on investment than QVC. However, Maplebear is 1.98 times less risky than QVC. It trades about 0.0 of its potential returns per unit of risk. QVC Group is currently generating about -0.09 per unit of risk. If you would invest 4,592 in Maplebear on June 7, 2025 and sell it today you would lose (64.00) from holding Maplebear or give up 1.39% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Maplebear vs. QVC Group
Performance |
| Timeline |
| Maplebear |
Risk-Adjusted Performance
Weakest
Weak | Strong |
| QVC Group |
Maplebear and QVC Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Maplebear and QVC
The main advantage of trading using opposite Maplebear and QVC positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Maplebear position performs unexpectedly, QVC 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 QVC will offset losses from the drop in QVC's long position.| Maplebear vs. Taiwan Semiconductor Manufacturing | Maplebear vs. Kulicke and Soffa | Maplebear vs. NL Industries | Maplebear vs. Sensient Technologies |
| QVC vs. Dream Office Real | QVC vs. Hudson Pacific Properties | QVC vs. Douglas Emmett | QVC vs. Park Ohio Holdings |
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 AI Portfolio Prophet module to use AI to generate optimal portfolios and find profitable investment opportunities.
Other Complementary Tools
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |