Duolingo Correlations

DUOL Stock

USD 298.26 9.45 3.27%

The current 90-days correlation between Duolingo and Bill Com Holdings is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Duolingo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duolingo moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Duolingo Correlation With Market

Modest diversification

The correlation between Duolingo and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duolingo 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 Duolingo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

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

Moving together with Duolingo Stock

0.87	DT	Dynatrace Holdings LLC	Pair Corr
0.89	DV	DoubleVerify Holdings	Pair Corr
0.61	ZM	Zoom Video Communications	Pair Corr
0.69	VTEX	VTEX	Pair Corr
0.76	EGHT	8x8 Common Stock	Pair Corr
0.71	ESTC	Elastic NV	Pair Corr
0.89	APP	Applovin Corp	Pair Corr

Moving against Duolingo Stock

0.58	QH	Quhuo	Pair Corr
0.33	ZI	ZoomInfo Technologies	Pair Corr
0.32	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	BILL	DDOG	ASAN	GTLB	TEAM	PAYC	NOW	TTD	MNDY	SNOW
BILL		0.87	0.55	0.36	0.09	-0.03	0.89	0.91	-0.45	0.19	BILL
DDOG	0.87		0.82	0.45	0.32	0.12	0.92	0.96	-0.15	0.35	DDOG
ASAN	0.55	0.82		0.56	0.61	0.38	0.72	0.67	0.29	0.58	ASAN
GTLB	0.36	0.45	0.56		0.85	-0.1	0.37	0.33	0.43	0.91	GTLB
TEAM	0.09	0.32	0.61	0.85		0.13	0.19	0.14	0.71	0.9	TEAM
PAYC	-0.03	0.12	0.38	-0.1	0.13		0.16	0.02	0.41	0.11	PAYC
NOW	0.89	0.92	0.72	0.37	0.19	0.16		0.91	-0.2	0.29	NOW
TTD	0.91	0.96	0.67	0.33	0.14	0.02	0.91		-0.33	0.17	TTD
MNDY	-0.45	-0.15	0.29	0.43	0.71	0.41	-0.2	-0.33		0.63	MNDY
SNOW	0.19	0.35	0.58	0.91	0.9	0.11	0.29	0.17	0.63		SNOW
	BILL	DDOG	ASAN	GTLB	TEAM	PAYC	NOW	TTD	MNDY	SNOW

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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

TTD	+ 0.96	DDOG
NOW	+ 0.92	DDOG
TTD	+ 0.91	BILL
SNOW	+ 0.91	GTLB
TTD	+ 0.91	NOW
SNOW	+ 0.9	TEAM

High negative correlations

MNDY	- 0.45	BILL
MNDY	- 0.33	TTD
MNDY	- 0.2	NOW
MNDY	- 0.15	DDOG
PAYC	- 0.1	GTLB
PAYC	- 0.03	BILL

Risk-Adjusted Indicators

There is a big difference between Duolingo Stock performing well and Duolingo 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 Duolingo'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BILL	2.69	(0.66)	(0.37)	4.99	(6.58)	41.32
DDOG	1.84	(0.57)	(0.77)	2.66	(4.28)	15.08
ASAN	3.80	(0.51)	(0.31)	7.42	(6.65)	38.18
GTLB	2.95	(0.20)	(0.25)	6.71	(5.73)	21.90
TEAM	2.41	(0.14)	(0.19)	3.80	(7.26)	24.54
PAYC	1.51	(0.05)	(0.17)	2.62	(3.40)	12.03
NOW	1.79	(0.29)	(0.32)	2.61	(4.82)	14.05
TTD	2.50	(1.15)	(3.04)	3.49	(5.25)	37.45
MNDY	3.16	0.16	(0.02)	6.35	(7.61)	35.81
SNOW	2.16	(0.07)	(0.15)	3.60	(4.81)	19.02

Duolingo Corporate Management

Stephen Chen	General Counsel	Profile
Linda Simensky	Head Content	Profile
Sam Dalsimer	Global Communications	Profile
Molly Lindsay	Chief Officer	Profile
Robert Meese	Chief Officer	Profile
Kendra Ross	Head Impact	Profile
Cambria Dunaway	Chief Officer	Profile

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