Dingdong ADR Correlations

DDL Stock

USD 3.61 0.14 4.03%

The current 90-days correlation between Dingdong ADR and Village Super Market is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dingdong ADR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dingdong ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dingdong ADR Correlation With Market

Good diversification

The correlation between Dingdong ADR and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dingdong ADR 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 Dingdong ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Dingdong Stock please use our How to buy in Dingdong Stock guide.

Moving together with Dingdong Stock

0.67	GO	Grocery Outlet Holding	Pair Corr
0.72	SYY	Sysco	Pair Corr
0.77	HFFG	Hf Foods Group	Pair Corr
0.61	ANDE	Andersons	Pair Corr
0.7	BG	Bunge Limited	Pair Corr
0.84	CL	Colgate Palmolive	Pair Corr
0.69	DG	Dollar General Downward Rally	Pair Corr
0.83	LW	Lamb Weston Holdings	Pair Corr
0.74	MO	Altria Group	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.73	TR	Tootsie Roll Industries	Pair Corr
0.65	UL	Unilever PLC ADR	Pair Corr
0.73	DNUT	Krispy Kreme	Pair Corr
0.8	DOLE	Dole PLC Earnings Call Today	Pair Corr

Moving against Dingdong Stock

0.74	K	Kellanova Earnings Call Tomorrow	Pair Corr
0.64	UNFI	United Natural Foods Earnings Call This Week	Pair Corr
0.58	CHEF	Chefs Warehouse	Pair Corr
0.58	GV	Visionary Education	Pair Corr
0.36	WMT	Walmart	Pair Corr
0.64	UG	United Guardian	Pair Corr
0.64	BRLSW	Borealis Foods	Pair Corr
0.62	WVVI	Willamette Valley	Pair Corr
0.59	EWCZ	European Wax Center	Pair Corr
0.53	EDBL	Edible Garden AG	Pair Corr
0.5	VITL	Vital Farms Earnings Call This Week	Pair Corr
0.48	WILC	G Willi Food	Pair Corr
0.47	VSTA	Vasta Platform	Pair Corr
0.44	DLTR	Dollar Tree Earnings Call Today	Pair Corr
0.37	DTCK	Davis Commodities	Pair Corr
0.36	WAFU	Wah Fu Education	Pair Corr
0.32	EDTK	Skillful Craftsman	Pair Corr

Related Correlations Analysis

	VLGEA	WMK	ASAI	IMKTA	GO	NGVC	SFM	TSCDF	CGUSY	KKOYY
VLGEA		-0.02	-0.73	-0.19	-0.21	0.61	0.69	0.38	0.0	-0.4	VLGEA
WMK	-0.02		0.04	0.6	0.61	0.44	0.35	0.37	0.0	0.43	WMK
ASAI	-0.73	0.04		0.43	0.42	-0.53	-0.69	-0.38	0.0	0.44	ASAI
IMKTA	-0.19	0.6	0.43		0.93	0.16	0.11	-0.17	0.0	0.83	IMKTA
GO	-0.21	0.61	0.42	0.93		0.23	0.19	-0.16	0.0	0.74	GO
NGVC	0.61	0.44	-0.53	0.16	0.23		0.82	0.51	0.0	-0.12	NGVC
SFM	0.69	0.35	-0.69	0.11	0.19	0.82		0.46	0.0	-0.07	SFM
TSCDF	0.38	0.37	-0.38	-0.17	-0.16	0.51	0.46		0.0	-0.17	TSCDF
CGUSY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CGUSY
KKOYY	-0.4	0.43	0.44	0.83	0.74	-0.12	-0.07	-0.17	0.0		KKOYY
	VLGEA	WMK	ASAI	IMKTA	GO	NGVC	SFM	TSCDF	CGUSY	KKOYY

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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

GO	+ 0.93	IMKTA
KKOYY	+ 0.83	IMKTA
SFM	+ 0.82	NGVC
KKOYY	+ 0.74	GO
SFM	+ 0.69	VLGEA
NGVC	+ 0.61	VLGEA

High negative correlations

ASAI	- 0.73	VLGEA
SFM	- 0.69	ASAI
NGVC	- 0.53	ASAI
KKOYY	- 0.4	VLGEA
TSCDF	- 0.38	ASAI
GO	- 0.21	VLGEA

Risk-Adjusted Indicators

There is a big difference between Dingdong Stock performing well and Dingdong ADR 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 Dingdong ADR'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
VLGEA	1.35	0.07	0.04	0.09	1.64	(1.35)	2.82	(3.14)	10.84
WMK	1.06	0.09	0.05	0.28	1.46	(1.02)	2.67	(1.87)	7.71
ASAI	3.01	(0.36)	0.00	0.24	0.00	0.00	6.51	(7.48)	23.54
IMKTA	1.19	(0.11)	0.00	(0.17)	0.00	0.00	2.16	(2.26)	7.34
GO	2.24	(0.16)	0.00	(0.33)	0.00	0.00	4.42	(4.67)	15.81
NGVC	2.49	0.44	0.14	0.18	2.86	(2.66)	4.47	(4.07)	35.56
SFM	1.81	0.06	0.02	0.04	3.56	(1.65)	3.82	(3.30)	21.16
TSCDF	1.94	0.14	0.04	0.33	2.46	(2.28)	5.06	(5.16)	12.65
CGUSY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KKOYY	1.21	(0.09)	0.00	(0.22)	0.00	0.00	2.06	(2.88)	9.00

Dingdong ADR Corporate Management

Liang Changlin	CEO Founder	Profile
Yu Le	Chief Director	Profile
Xu Zhijian	Chief Officer	Profile
Hongli Gong	Chief Officer	Profile
Jiang Xu	Chief Officer	Profile

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