DoorDash Correlations

DASH Stock

USD 177.75 2.29 1.31%

The current 90-days correlation between DoorDash Class A and Spotify Technology SA is 0.37 (i.e., Weak 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

Excellent diversification

The correlation between DoorDash Class A and DJI is -0.52 (i.e., Excellent 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 main economic indicators.

Moving together with DoorDash Stock

0.75	MB	MasterBeef Group Ordinary	Pair Corr
0.78	SG	Sweetgreen	Pair Corr
0.93	DKNG	DraftKings Aggressive Push	Pair Corr
0.82	DNUT	Krispy Kreme	Pair Corr
0.69	HFG0	HELLOFRESH UNSPADS025	Pair Corr
0.77	VENU	Venu Holding	Pair Corr
0.88	RFG	Retail Food Group	Pair Corr
0.9	CHR	Churchill Downs	Pair Corr
0.88	6GI0	ENTAIN PLC UNSPADR1	Pair Corr

Moving against DoorDash Stock

0.48	DPP	DP Poland Plc	Pair Corr
0.31	BH	Biglari Holdings	Pair Corr
0.78	YNGA	Young CoS Brewery	Pair Corr
0.76	MDO0	MCDONALDS CDR	Pair Corr
0.73	MABB	Mitchells Butlers plc	Pair Corr
0.65	3YU	JIUMAOJIU INTL HLDGS	Pair Corr
0.62	36T	GENTING SG LTD	Pair Corr
0.76	BBT	Betr Entertainment	Pair Corr
0.74	VARE	Various Eateries PLC	Pair Corr
0.72	KW9A	Galaxy Entertainment	Pair Corr
0.71	CF2	The Cheesecake Factory	Pair Corr
0.5	BDL	Flanigans Enterprises	Pair Corr
0.39	ROW	Texas Roadhouse	Pair Corr

Related Correlations Analysis

	SPOT	CMCSA	RELX	RDDT	NBIS	BIDU	TME	AMX	T
SPOT		-0.84	0.82	0.79	-0.1	-0.47	0.73	-0.41	-0.63	SPOT
CMCSA	-0.84		-0.8	-0.82	-0.01	0.37	-0.86	0.53	0.71	CMCSA
RELX	0.82	-0.8		0.95	0.07	-0.09	0.69	-0.67	-0.89	RELX
RDDT	0.79	-0.82	0.95		0.05	-0.01	0.8	-0.79	-0.92	RDDT
NBIS	-0.1	-0.01	0.07	0.05		0.25	-0.13	0.21	0.0	NBIS
BIDU	-0.47	0.37	-0.09	-0.01	0.25		-0.16	-0.33	-0.2	BIDU
TME	0.73	-0.86	0.69	0.8	-0.13	-0.16		-0.7	-0.72	TME
AMX	-0.41	0.53	-0.67	-0.79	0.21	-0.33	-0.7		0.86	AMX
T	-0.63	0.71	-0.89	-0.92	0.0	-0.2	-0.72	0.86		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

RDDT	+ 0.95	RELX
T	+ 0.86	AMX
RELX	+ 0.82	SPOT
TME	+ 0.8	RDDT
RDDT	+ 0.79	SPOT
TME	+ 0.73	SPOT

High negative correlations

T	- 0.92	RDDT
T	- 0.89	RELX
TME	- 0.86	CMCSA
CMCSA	- 0.84	SPOT
RDDT	- 0.82	CMCSA
RELX	- 0.8	CMCSA

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	2.24	(0.13)	0.00	(0.20)	0.00	0.00	3.35	(6.31)	23.24
CMCSA	1.21	0.40	0.26	1.71	1.08	(1.38)	2.94	(2.41)	7.99
RELX	1.68	(0.23)	0.00	(0.45)	0.00	0.00	4.19	(3.22)	19.93
RDDT	2.85	(0.46)	0.00	(2.86)	0.00	0.00	5.81	(7.43)	15.47
NBIS	4.53	0.10	0.03	0.07	5.32	(4.89)	9.60	(9.00)	29.61
BIDU	2.04	0.04	0.01	0.07	2.54	(2.12)	5.85	(4.71)	20.69
TME	1.55	(0.38)	0.00	(0.35)	0.00	0.00	3.75	(4.71)	15.93
AMX	1.35	0.14	0.06	0.56	1.66	(1.42)	3.02	(3.51)	12.57
T	1.07	0.20	0.14	(0.72)	0.94	(1.26)	3.87	(1.76)	7.44

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC