Maplebear Inc. Common Stock (CART) — Stock Correlations & Overview
Over the past year, CART has moved most closely with DBX, QNST, INVN. Explore the stocks most correlated and inversely correlated with CART below, along with its price, financials, and company profile.
Stocks correlated with CART
Correlation of daily returns. Higher positive values move with CART; negative values move opposite it. Informational only, not investment advice.
Most correlated with CART
| Symbol | Company | Correlation |
|---|---|---|
| DBX | Dropbox, Inc. Class ASERVICES-PREPACKAGED SOFTWARE | 0.41 |
| QNST | QuinStreet, Inc.SERVICES-BUSINESS SERVICES, NEC | 0.41 |
| INVN | Alger Russell Innovation ETF | 0.40 |
| CLOU | Global X Cloud Computing ETF | 0.37 |
| TEAM | Atlassian Corporation Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.37 |
Most inversely correlated with CART
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.29 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.27 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.24 |
| WOLF | Wolfspeed, Inc.SEMICONDUCTORS & RELATED DEVICES | -0.23 |
| ESE | ESCO Technologies, Inc.COMMUNICATIONS EQUIPMENT, NEC | -0.21 |
Frequently asked questions about CART correlations
- Which stocks are most correlated with CART?
- Based on one year of daily returns, the stocks most correlated with Maplebear Inc. Common Stock (CART) are DBX (0.41), QNST (0.41) and INVN (0.40). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CART?
- Over the past year, the stocks most inversely correlated with Maplebear Inc. Common Stock (CART) are HDGE (-0.29), WEBS (-0.27) and DWSH (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CART correlations calculated?
- We compute the correlation of daily returns between CART and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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