Correlation Between Guardian Pharmacy and Maplebear

Can any of the company-specific risk be diversified away by investing in both Guardian Pharmacy 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 Guardian Pharmacy and Maplebear into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Guardian Pharmacy Services, and Maplebear, you can compare the effects of market volatilities on Guardian Pharmacy 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 Guardian Pharmacy with a short position of Maplebear. Check out your portfolio center. Please also check ongoing floating volatility patterns of Guardian Pharmacy and Maplebear.

Diversification Opportunities for Guardian Pharmacy and Maplebear

-0.39

Correlation Coefficient

Guardian Pharmacy  Maplebear

Very good diversification

The 3 months correlation between Guardian and Maplebear is -0.39. Overlapping area represents the amount of risk that can be diversified away by holding Guardian Pharmacy Services, and Maplebear in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Maplebear and Guardian Pharmacy 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 Guardian Pharmacy Services, 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 Guardian Pharmacy i.e., Guardian Pharmacy and Maplebear go up and down completely randomly.

Pair Corralation between Guardian Pharmacy and Maplebear

Given the investment horizon of 90 days Guardian Pharmacy Services, is expected to under-perform the Maplebear. In addition to that, Guardian Pharmacy is 1.18 times more volatile than Maplebear. It trades about -0.07 of its total potential returns per unit of risk. Maplebear is currently generating about 0.13 per unit of volatility. If you would invest  3,992  in Maplebear on April 28, 2025 and sell it today you would earn a total of  849.00  from holding Maplebear or generate 21.27% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Guardian Pharmacy Services,  vs.  Maplebear

Guardian Pharmacy

Risk-Adjusted Performance

Very Weak

Over the last 90 days Guardian Pharmacy Services, has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Stock's fundamental indicators remain very healthy which may send shares a bit higher in August 2025. The recent disarray may also be a sign of long period up-swing for the firm investors.

Maplebear

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Maplebear are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unfluctuating basic indicators, Maplebear unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Guardian Pharmacy and Maplebear

The main advantage of trading using opposite Guardian Pharmacy and Maplebear positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Guardian Pharmacy 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.

The idea behind Guardian Pharmacy Services, and Maplebear pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.