Correlation Between Natural Grocers and Maplebear

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

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

Diversification Opportunities for Natural Grocers and Maplebear

-0.4

Correlation Coefficient

Natural Grocers  Maplebear

Very good diversification

The 3 months correlation between Natural and Maplebear is -0.4. Overlapping area represents the amount of risk that can be diversified away by holding Natural Grocers by and Maplebear in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Maplebear and Natural Grocers 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 Natural Grocers by 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 Natural Grocers i.e., Natural Grocers and Maplebear go up and down completely randomly.

Pair Corralation between Natural Grocers and Maplebear

Given the investment horizon of 90 days Natural Grocers by is expected to under-perform the Maplebear. In addition to that, Natural Grocers is 1.93 times more volatile than Maplebear. It trades about -0.04 of its total potential returns per unit of risk. Maplebear is currently generating about 0.12 per unit of volatility. If you would invest  4,191  in Maplebear on April 25, 2025 and sell it today you would earn a total of  801.00  from holding Maplebear or generate 19.11% return on investment over 90 days.

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

Natural Grocers by  vs.  Maplebear

Natural Grocers by

Risk-Adjusted Performance

Very Weak

Over the last 90 days Natural Grocers by has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Stock's basic indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders.

Maplebear

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Maplebear are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively conflicting basic indicators, Maplebear unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Natural Grocers and Maplebear

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

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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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..