Maplebear Correlations

CART Stock  USD 48.41  1.43  2.87%   
The current 90-days correlation between Maplebear and SEI Investments is 0.14 (i.e., Average 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

Average diversification

The correlation between Maplebear and DJI is 0.12 (i.e., Average 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.
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

  0.73DLTR Dollar TreePairCorr
  0.7WILC G Willi FoodPairCorr
  0.66SYY Sysco Earnings Call TomorrowPairCorr
  0.62TGT TargetPairCorr
  0.68WBA Walgreens Boots AlliancePairCorr
  0.79PFGC Performance FoodPairCorr
  0.74CHEF Chefs Warehouse Earnings Call This WeekPairCorr
  0.81USFD US Foods HoldingPairCorr
  0.72IP International Paper Earnings Call This WeekPairCorr

Moving against Maplebear Stock

  0.58YI 111 IncPairCorr
  0.5BJ BJs Wholesale ClubPairCorr
  0.5GO Grocery Outlet HoldingPairCorr
  0.44WNW Meiwu TechnologyPairCorr
  0.43NGVC Natural Grocers by Earnings Call This WeekPairCorr
  0.4HFFG Hf Foods Group Potential GrowthPairCorr
  0.39GRDN Guardian PharmacyPairCorr
  0.38WMK Weis MarketsPairCorr
  0.34DDL Dingdong ADRPairCorr
  0.31ACI Albertsons CompaniesPairCorr
  0.68VIRC Virco ManufacturingPairCorr
  0.58CHA Chagee HoldingsPairCorr
  0.42TBBB BBB FoodsPairCorr

Related Correlations Analysis

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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   
CGFDUS
FDUSPFLT
CGPFLT
CGSEIC
FDUSSEIC
PFLTSEIC
  
High negative correlations   
FDUSTMCI
PFLTTMCI
CGTMCI
TMCISEIC
TMCIHCM
STEPTMCI

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.

Maplebear Corporate Management

Laura JonesChief OfficerProfile
Varouj ChitilianChief OfficerProfile
J ZhuangChief ArchitectProfile
Alan RamsayChief OfficerProfile
Anirban KunduChief OfficerProfile
Asha SharmaChief OfficerProfile