Correlation Between Mission Produce and Maplebear

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

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

Diversification Opportunities for Mission Produce and Maplebear

0.7

Correlation Coefficient

Mission Produce  Maplebear

Poor diversification

The 3 months correlation between Mission and Maplebear is 0.7. Overlapping area represents the amount of risk that can be diversified away by holding Mission Produce and Maplebear in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Maplebear and Mission Produce 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 Mission Produce 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 Mission Produce i.e., Mission Produce and Maplebear go up and down completely randomly.

Pair Corralation between Mission Produce and Maplebear

Considering the 90-day investment horizon Mission Produce is expected to generate 0.76 times more return on investment than Maplebear. However, Mission Produce is 1.32 times less risky than Maplebear. It trades about 0.01 of its potential returns per unit of risk. Maplebear is currently generating about -0.05 per unit of risk. If you would invest  1,239  in Mission Produce on August 17, 2025 and sell it today you would earn a total of  0.00  from holding Mission Produce or generate 0.0% return on investment over 90 days.

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

Mission Produce  vs.  Maplebear

Mission Produce

Risk-Adjusted Performance

Weakest

Over the last 90 days Mission Produce has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Mission Produce is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors.

Maplebear

Risk-Adjusted Performance

Weakest

Over the last 90 days Maplebear has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unsteady performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors.

Pair Trading with Mission Produce and Maplebear

The main advantage of trading using opposite Mission Produce and Maplebear positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mission Produce 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 Mission Produce 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.