Correlation Between Jutal Offshore and Maplebear

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

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

Diversification Opportunities for Jutal Offshore and Maplebear

0.65

Correlation Coefficient

Jutal Offshore  Maplebear

Poor diversification

The 3 months correlation between Jutal and Maplebear is 0.65. Overlapping area represents the amount of risk that can be diversified away by holding Jutal Offshore Oil and Maplebear in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Maplebear and Jutal Offshore 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 Jutal Offshore Oil 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 Jutal Offshore i.e., Jutal Offshore and Maplebear go up and down completely randomly.

Pair Corralation between Jutal Offshore and Maplebear

Assuming the 90 days horizon Jutal Offshore Oil is expected to under-perform the Maplebear. In addition to that, Jutal Offshore is 1.75 times more volatile than Maplebear. It trades about -0.1 of its total potential returns per unit of risk. Maplebear is currently generating about -0.04 per unit of volatility. If you would invest  4,529  in Maplebear on September 5, 2025 and sell it today you would lose (376.00) from holding Maplebear or give up 8.3% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	98.44%
Values	Daily Returns

Jutal Offshore Oil  vs.  Maplebear

Jutal Offshore Oil

Risk-Adjusted Performance

Weakest

Over the last 90 days Jutal Offshore Oil has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of inconsistent performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long term up-swing for the company 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 fragile 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 Jutal Offshore and Maplebear

The main advantage of trading using opposite Jutal Offshore and Maplebear positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Jutal Offshore 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 Jutal Offshore Oil 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.