Dlocal Correlations

DLO Stock

USD 9.42 0.80 9.28%

The current 90-days correlation between Dlocal and StoneCo is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dlocal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dlocal moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

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

To learn how to invest in Dlocal Stock, please use our How to Invest in Dlocal guide.

Moving together with Dlocal Stock

0.77	S	SentinelOne	Pair Corr
0.61	EXOD	Exodus Movement,	Pair Corr
0.79	FIVN	Five9 Inc	Pair Corr
0.66	FLYW	Flywire Corp	Pair Corr
0.72	DBX	Dropbox	Pair Corr
0.85	IOT	Samsara Tech Boost	Pair Corr
0.72	MDB	MongoDB	Pair Corr
0.73	RXT	Rackspace Technology	Pair Corr

Moving against Dlocal Stock

0.64	EVTC	Evertec	Pair Corr
0.46	MQ	Marqeta	Pair Corr
0.48	XNET	Xunlei Ltd Adr	Pair Corr
0.41	TCX	Tucows Inc	Pair Corr

Related Correlations Analysis

	STNE	NEWR	NTNX	EGIO	PAGS	PATH	NET	AFRM	DAVA
STNE		0.0	0.73	0.0	0.97	0.13	0.72	0.26	-0.32	STNE
NEWR	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NEWR
NTNX	0.73	0.0		0.0	0.73	-0.03	0.72	0.22	-0.32	NTNX
EGIO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	EGIO
PAGS	0.97	0.0	0.73	0.0		0.15	0.78	0.27	-0.25	PAGS
PATH	0.13	0.0	-0.03	0.0	0.15		0.32	0.64	0.79	PATH
NET	0.72	0.0	0.72	0.0	0.78	0.32		0.54	0.14	NET
AFRM	0.26	0.0	0.22	0.0	0.27	0.64	0.54		0.52	AFRM
DAVA	-0.32	0.0	-0.32	0.0	-0.25	0.79	0.14	0.52		DAVA
	STNE	NEWR	NTNX	EGIO	PAGS	PATH	NET	AFRM	DAVA

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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

PAGS	+ 0.97	STNE
DAVA	+ 0.79	PATH
NET	+ 0.78	PAGS
NTNX	+ 0.73	STNE
PAGS	+ 0.73	NTNX
NET	+ 0.72	STNE

High negative correlations

DAVA	- 0.32	NTNX
DAVA	- 0.32	STNE
DAVA	- 0.25	PAGS
PATH	- 0.03	NTNX
DAVA	- 0.0	EGIO
AFRM	- 0.0	EGIO

Risk-Adjusted Indicators

There is a big difference between Dlocal Stock performing well and Dlocal 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 Dlocal'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
STNE	2.04	0.24	0.09	0.10	2.41	(2.37)	5.42	(3.79)	11.85
NEWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NTNX	1.98	0.17	0.06	0.07	2.61	(2.11)	4.46	(3.94)	18.92
EGIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAGS	2.23	0.28	0.09	0.19	2.89	(2.12)	4.63	(4.29)	12.65
PATH	2.68	(0.19)	0.00	(0.20)	0.00	0.00	4.77	(5.20)	26.12
NET	2.51	0.21	0.06	0.10	3.26	(2.48)	3.79	(4.87)	26.62
AFRM	3.53	(0.20)	0.00	(0.20)	0.00	0.00	5.49	(8.12)	32.53
DAVA	1.64	(0.42)	0.00	(0.51)	0.00	0.00	2.62	(5.76)	11.56

Dlocal Corporate Management

Mark Ortiz	Chief Officer	Profile
Carlos Menendez	Chief Officer	Profile
Alberto Almeida	Chief Officer	Profile
John OBrien	Chief Officer	Profile

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