DoorDash Correlations

DASH Stock

USD 219.77 6.71 2.96%

The current 90-days correlation between DoorDash Class A and Spotify Technology SA is 0.08 (i.e., Significant 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

Modest diversification

The correlation between DoorDash Class A and DJI is 0.28 (i.e., Modest 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.

Build AI portfolio with DoorDash Stock

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 real.

Moving together with DoorDash Stock

0.88	CDROW	Codere Online Luxembourg	Pair Corr
0.7	EJH	E Home Household	Pair Corr
0.82	PENN	Penn National Gaming Sell-off Trend	Pair Corr
0.82	AGAE	Allied Gaming Entert	Pair Corr
0.82	SBET	Sharplink Gaming	Pair Corr
0.84	BA	Boeing	Pair Corr
0.71	HPQ	HP Inc	Pair Corr
0.72	MSFT	Microsoft	Pair Corr

Moving against DoorDash Stock

0.85	KO	Coca Cola	Pair Corr
0.79	DD	Dupont De Nemours	Pair Corr
0.66	XOM	Exxon Mobil Corp	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.62	TRV	The Travelers Companies	Pair Corr
0.61	IBM	International Business	Pair Corr
0.57	MRK	Merck Company	Pair Corr
0.55	FTV	Fortive Corp	Pair Corr
0.45	BAC	Bank of America	Pair Corr
0.36	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	SPOT	CMCSA	RELX	RDDT	NBIS	BIDU	TME	AMX	T
SPOT		0.51	0.88	-0.42	0.75	0.42	0.88	-0.04	0.65	SPOT
CMCSA	0.51		0.65	0.19	0.31	0.56	0.43	-0.72	0.33	CMCSA
RELX	0.88	0.65		-0.27	0.79	0.47	0.94	-0.18	0.53	RELX
RDDT	-0.42	0.19	-0.27		-0.29	0.24	-0.38	-0.57	-0.24	RDDT
NBIS	0.75	0.31	0.79	-0.29		0.45	0.89	-0.06	0.41	NBIS
BIDU	0.42	0.56	0.47	0.24	0.45		0.43	-0.48	0.25	BIDU
TME	0.88	0.43	0.94	-0.38	0.89	0.43		-0.01	0.49	TME
AMX	-0.04	-0.72	-0.18	-0.57	-0.06	-0.48	-0.01		-0.01	AMX
T	0.65	0.33	0.53	-0.24	0.41	0.25	0.49	-0.01		T
	SPOT	CMCSA	RELX	RDDT	NBIS	BIDU	TME	AMX	T

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

TME	+ 0.94	RELX
TME	+ 0.89	NBIS
RELX	+ 0.88	SPOT
TME	+ 0.88	SPOT
NBIS	+ 0.79	RELX
NBIS	+ 0.75	SPOT

High negative correlations

AMX	- 0.72	CMCSA
AMX	- 0.57	RDDT
AMX	- 0.48	BIDU
RDDT	- 0.42	SPOT
TME	- 0.38	RDDT
NBIS	- 0.29	RDDT

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	1.36	(0.35)	0.00	(0.92)	0.00	0.00	2.67	(3.79)	7.41
CMCSA	1.31	(0.09)	0.00	(0.08)	0.00	0.00	2.70	(2.56)	7.70
RELX	0.90	(0.27)	0.00	(0.38)	0.00	0.00	1.37	(2.58)	5.28
RDDT	3.13	(0.12)	(0.01)	0.00	4.14	(3.23)	6.28	(6.61)	17.04
NBIS	4.55	(0.36)	0.00	(0.18)	0.00	0.00	8.87	(7.80)	21.43
BIDU	2.34	(0.09)	0.00	(0.01)	0.00	0.00	4.81	(4.71)	12.39
TME	1.44	(0.47)	0.00	(0.78)	0.00	0.00	2.66	(4.39)	12.10
AMX	0.96	(0.01)	(0.04)	(0.01)	1.17	(1.14)	2.47	(1.68)	8.21
T	0.95	(0.18)	0.00	(0.68)	0.00	0.00	1.61	(2.18)	5.75

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
Weston Twigg	Vice Relations	Profile
Alfred Lin	Independent Director	Profile

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