DoorDash, Correlations

DASH Stock

USD 190.62 2.31 1.20%

The current 90-days correlation between DoorDash, Class A and Snap Inc is 0.21 (i.e., Modest diversification). The correlation of DoorDash, is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

DoorDash, Correlation With Market

Weak diversification

The correlation between DoorDash, Class A and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DoorDash, Class A and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DoorDash, Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with DoorDash, Stock

0.68	WB	Weibo Corp	Pair Corr
0.71	YY	YY Inc Class	Pair Corr
0.64	TME	Tencent Music Entert	Pair Corr
0.65	JFIN	Jiayin Group	Pair Corr
0.79	META	Meta Platforms	Pair Corr

Moving against DoorDash, Stock

0.74	GITS	Global Interactive Symbol Change	Pair Corr
0.69	DJTWW	Trump Media Technology Symbol Change	Pair Corr
0.52	DJT	Trump Media Technology Symbol Change	Pair Corr
0.51	WBTN	WEBTOON Entertainment	Pair Corr
0.45	SLE	Super League Enterprise Earnings Call This Week	Pair Corr
0.36	MNY	MoneyHero Limited Class	Pair Corr
0.36	MNYWW	MoneyHero Limited	Pair Corr
0.32	GOOG	Alphabet Class C	Pair Corr
0.54	BZFDW	BuzzFeed	Pair Corr
0.51	NAMI	Jinxin Technology Holding	Pair Corr
0.45	PODC	Courtside Group, Common	Pair Corr
0.33	GOOGL	Alphabet Class A	Pair Corr

Related Correlations Analysis

	SNAP	TWLO	FVRR	SPOT	BIDU	ZG	PINS	YELP	META	GOOG
SNAP		0.36	0.83	-0.4	-0.64	0.29	-0.14	0.77	0.16	0.85	SNAP
TWLO	0.36		0.31	0.47	0.08	0.86	0.51	0.53	0.84	0.48	TWLO
FVRR	0.83	0.31		-0.43	-0.48	0.36	-0.24	0.9	0.09	0.85	FVRR
SPOT	-0.4	0.47	-0.43		0.57	0.4	0.85	-0.32	0.75	-0.4	SPOT
BIDU	-0.64	0.08	-0.48	0.57		0.09	0.33	-0.37	0.22	-0.53	BIDU
ZG	0.29	0.86	0.36	0.4	0.09		0.46	0.5	0.76	0.49	ZG
PINS	-0.14	0.51	-0.24	0.85	0.33	0.46		-0.2	0.84	-0.23	PINS
YELP	0.77	0.53	0.9	-0.32	-0.37	0.5	-0.2		0.2	0.88	YELP
META	0.16	0.84	0.09	0.75	0.22	0.76	0.84	0.2		0.19	META
GOOG	0.85	0.48	0.85	-0.4	-0.53	0.49	-0.23	0.88	0.19		GOOG
	SNAP	TWLO	FVRR	SPOT	BIDU	ZG	PINS	YELP	META	GOOG

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

YELP	+ 0.9	FVRR
GOOG	+ 0.88	YELP
ZG	+ 0.86	TWLO
GOOG	+ 0.85	SNAP
GOOG	+ 0.85	FVRR
PINS	+ 0.85	SPOT

High negative correlations

BIDU	- 0.64	SNAP
GOOG	- 0.53	BIDU
BIDU	- 0.48	FVRR
SPOT	- 0.43	FVRR
GOOG	- 0.4	SPOT
SPOT	- 0.4	SNAP

Risk-Adjusted Indicators

There is a big difference between DoorDash, Stock performing well and DoorDash, Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze DoorDash,'s multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SNAP	2.45	(0.18)	0.00	(0.22)	0.00	0.00	4.41	(5.85)	14.86
TWLO	2.47	0.05	0.00	(0.04)	0.00	0.00	3.77	(6.81)	35.14
FVRR	2.42	(0.32)	0.00	(0.36)	0.00	0.00	4.54	(6.69)	14.07
SPOT	2.20	0.49	0.14	0.20	2.79	(2.39)	5.39	(4.68)	21.29
BIDU	2.42	0.13	0.05	0.20	3.01	(2.39)	5.43	(4.58)	13.40
ZG	1.95	(0.02)	0.00	(0.08)	0.00	0.00	3.15	(4.98)	15.69
PINS	2.13	0.19	0.08	0.15	2.35	(2.64)	5.04	(4.63)	26.52
YELP	1.37	(0.09)	0.00	(0.17)	0.00	0.00	2.93	(3.56)	11.91
META	1.59	0.02	0.00	(0.05)	0.00	0.00	2.57	(3.73)	8.90
GOOG	1.45	(0.15)	0.00	(0.27)	0.00	0.00	2.50	(3.54)	10.48

DoorDash, Corporate Management

L Doerr	Independent Director	Profile
Maria Renz	Independent Director	Profile
Gordon Lee	Chief Officer	Profile
Keith Yandell	Chief Business Officer, Chief Legal Officer, General Counsel, Company Secretary	Profile
Tom Pickett	Chief Officer	Profile
Alfred Lin	Independent Director	Profile
Tia Sherringham	General Counsel, Company Secretary	Profile

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