DoorDash Correlations

DASH Stock

USD 186.24 3.77 2.07%

The current 90-days correlation between DoorDash Class A and Spotify Technology SA is 0.24 (i.e., Modest 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

Significant diversification

The correlation between DoorDash Class A and DJI is 0.08 (i.e., Significant 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 producer price index.

Moving together with DoorDash Stock

0.63	DPZ	Dominos Pizza Common	Pair Corr
0.64	BROS	Dutch Bros	Pair Corr

Moving against DoorDash Stock

0.61	BBT	Betr Entertainment	Pair Corr
0.44	SHAK	Shake Shack Earnings Call This Week	Pair Corr
0.42	SBUX	Starbucks Aggressive Push	Pair Corr
0.36	YUMC	Yum China Holdings Earnings Call Today	Pair Corr
0.33	AGI	Ainsworth Game Technology	Pair Corr
0.31	RAVE	Rave Restaurant Group	Pair Corr
0.7	PG	Procter Gamble	Pair Corr
0.58	T	ATT Inc Sell-off Trend	Pair Corr
0.48	VZ	Verizon Communications Aggressive Push	Pair Corr
0.44	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.43	PFE	Pfizer Inc	Pair Corr
0.32	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	SPOT	CMCSA	RELX	RDDT	NBIS	BIDU	TME	AMX	T
SPOT		-0.85	0.75	0.32	0.16	-0.67	0.74	0.5	-0.26	SPOT
CMCSA	-0.85		-0.6	-0.24	-0.24	0.75	-0.69	-0.61	0.11	CMCSA
RELX	0.75	-0.6		0.69	0.44	-0.26	0.55	0.02	-0.73	RELX
RDDT	0.32	-0.24	0.69		0.22	0.05	-0.01	-0.52	-0.75	RDDT
NBIS	0.16	-0.24	0.44	0.22		0.24	0.49	0.1	-0.38	NBIS
BIDU	-0.67	0.75	-0.26	0.05	0.24		-0.5	-0.57	-0.24	BIDU
TME	0.74	-0.69	0.55	-0.01	0.49	-0.5		0.6	-0.08	TME
AMX	0.5	-0.61	0.02	-0.52	0.1	-0.57	0.6		0.48	AMX
T	-0.26	0.11	-0.73	-0.75	-0.38	-0.24	-0.08	0.48		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

RELX	+ 0.75	SPOT
BIDU	+ 0.75	CMCSA
TME	+ 0.74	SPOT
RDDT	+ 0.69	RELX
AMX	+ 0.6	TME
TME	+ 0.55	RELX

High negative correlations

CMCSA	- 0.85	SPOT
T	- 0.75	RDDT
T	- 0.73	RELX
TME	- 0.69	CMCSA
BIDU	- 0.67	SPOT
AMX	- 0.61	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	1.63	(0.65)	0.00	(1.47)	0.00	0.00	3.03	(4.74)	10.41
CMCSA	1.30	0.30	0.15	0.89	1.32	(1.40)	2.92	(2.41)	7.92
RELX	1.29	(0.65)	0.00	(0.98)	0.00	0.00	1.73	(2.91)	19.93
RDDT	3.05	(0.41)	0.00	(0.61)	0.00	0.00	5.96	(7.43)	21.40
NBIS	4.72	(0.34)	0.00	(0.04)	0.00	0.00	9.60	(8.68)	24.90
BIDU	2.36	0.21	0.07	0.30	2.46	(2.57)	6.07	(4.71)	19.80
TME	1.59	(0.51)	0.00	(1.27)	0.00	0.00	2.66	(4.93)	10.29
AMX	1.07	(0.02)	0.00	(0.11)	0.00	0.00	2.47	(3.16)	6.54
T	0.94	0.16	0.08	1.67	0.82	(1.06)	2.02	(1.54)	5.31

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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