DoorDash Competitors
| DASH Stock | USD 206.66 0.70 0.34% |
DoorDash vs ATT Correlation
Very good diversification
The correlation between DoorDash Class A and T is -0.38 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DoorDash Class A and T in the same portfolio, assuming nothing else is changed.
Moving against DoorDash Stock
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DoorDash's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
DoorDash Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between DoorDash and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of DoorDash and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of DoorDash Class A does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPOT | 1.42 | (0.42) | 0.00 | (21.20) | 0.00 | 3.03 | 7.41 | |||
| CMCSA | 1.38 | 0.04 | 0.01 | 0.16 | 1.77 | 2.72 | 7.92 | |||
| RELX | 0.96 | (0.28) | 0.00 | (0.37) | 0.00 | 1.73 | 9.02 | |||
| RDDT | 3.14 | (0.09) | (0.01) | 0.01 | 4.03 | 6.28 | 21.40 | |||
| NBIS | 4.43 | (0.09) | 0.00 | 0.02 | 5.04 | 9.60 | 23.24 | |||
| BIDU | 2.33 | 0.39 | 0.14 | 0.44 | 2.23 | 6.07 | 18.81 | |||
| TME | 1.69 | (0.43) | 0.00 | (1.06) | 0.00 | 3.54 | 12.10 | |||
| AMX | 0.90 | (0.06) | 0.00 | (1.39) | 0.00 | 1.83 | 6.07 | |||
| T | 0.88 | (0.04) | 0.00 | (0.05) | 0.00 | 1.63 | 4.30 |
DoorDash Competitive Analysis
The better you understand DoorDash competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, DoorDash's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across DoorDash's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
DoorDash Competition Performance Charts
Five steps to successful analysis of DoorDash Competition
DoorDash's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by DoorDash Class A in relation to its competition. DoorDash's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of DoorDash in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact DoorDash's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to DoorDash Class A, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your DoorDash position
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Check out DoorDash Correlation with its peers.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is there potential for Stock market expansion? Will DoorDash introduce new products? Factors like these will boost the valuation of DoorDash. Projected growth potential of DoorDash fundamentally drives upward valuation adjustments. Understanding fair value requires weighing current performance against future potential. All the valuation information about DoorDash listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Investors evaluate DoorDash Class A using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating DoorDash's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. External factors like market trends, sector rotation, and investor psychology can cause DoorDash's market price to deviate significantly from intrinsic value.
It's important to distinguish between DoorDash's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding DoorDash should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, DoorDash's market price signifies the transaction level at which participants voluntarily complete trades.