Correlation Between Maplebear and Wayfair

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

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

Diversification Opportunities for Maplebear and Wayfair

-0.42

Correlation Coefficient

Maplebear  Wayfair

Very good diversification

The 3 months correlation between Maplebear and Wayfair is -0.42. Overlapping area represents the amount of risk that can be diversified away by holding Maplebear and Wayfair in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Wayfair 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 Wayfair. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Wayfair has no effect on the direction of Maplebear i.e., Maplebear and Wayfair go up and down completely randomly.

Pair Corralation between Maplebear and Wayfair

Given the investment horizon of 90 days Maplebear is expected to under-perform the Wayfair. In addition to that, Maplebear is 1.06 times more volatile than Wayfair. It trades about -0.1 of its total potential returns per unit of risk. Wayfair is currently generating about 0.02 per unit of volatility. If you would invest  8,293  in Wayfair on July 26, 2025 and sell it today you would earn a total of  19.00  from holding Wayfair or generate 0.23% return on investment over 90 days.

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

Maplebear  vs.  Wayfair

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 unsteady performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in November 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Wayfair

Risk-Adjusted Performance

Fair

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

Pair Trading with Maplebear and Wayfair

The main advantage of trading using opposite Maplebear and Wayfair positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Maplebear position performs unexpectedly, Wayfair 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 Wayfair will offset losses from the drop in Wayfair's long position.

The idea behind Maplebear and Wayfair 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.