Correlation Between Maplebear and Shin Etsu
Can any of the company-specific risk be diversified away by investing in both Maplebear and Shin Etsu 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 Shin Etsu into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Maplebear and Shin Etsu Chemical Co, you can compare the effects of market volatilities on Maplebear and Shin Etsu 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 Shin Etsu. Check out your portfolio center. Please also check ongoing floating volatility patterns of Maplebear and Shin Etsu.
Diversification Opportunities for Maplebear and Shin Etsu
Excellent diversification
The 3 months correlation between Maplebear and Shin is -0.63. Overlapping area represents the amount of risk that can be diversified away by holding Maplebear and Shin Etsu Chemical Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Shin Etsu Chemical 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 Shin Etsu. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Shin Etsu Chemical has no effect on the direction of Maplebear i.e., Maplebear and Shin Etsu go up and down completely randomly.
Pair Corralation between Maplebear and Shin Etsu
Given the investment horizon of 90 days Maplebear is expected to under-perform the Shin Etsu. But the stock apears to be less risky and, when comparing its historical volatility, Maplebear is 1.66 times less risky than Shin Etsu. The stock trades about -0.11 of its potential returns per unit of risk. The Shin Etsu Chemical Co is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest 3,138 in Shin Etsu Chemical Co on July 20, 2025 and sell it today you would lose (10.00) from holding Shin Etsu Chemical Co or give up 0.32% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Maplebear vs. Shin Etsu Chemical Co
Performance |
| Timeline |
| Maplebear |
| Shin Etsu Chemical |
Maplebear and Shin Etsu Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Maplebear and Shin Etsu
The main advantage of trading using opposite Maplebear and Shin Etsu positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Maplebear position performs unexpectedly, Shin Etsu 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 Shin Etsu will offset losses from the drop in Shin Etsu's long position.| Maplebear vs. GameStop Corp | Maplebear vs. Wayfair | Maplebear vs. Vipshop Holdings Limited | Maplebear vs. Crown Holdings |
| Shin Etsu vs. Grupo Mxico SAB | Shin Etsu vs. BASF SE NA | Shin Etsu vs. Chandra Asri Petrochemical | Shin Etsu vs. PT Chandra Asri |
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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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