Datadog Correlations

DDOG Stock

USD 104.43 1.81 1.76%

The current 90-days correlation between Datadog and Applovin Corp is 0.23 (i.e., Modest diversification). The correlation of Datadog 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.

Datadog Correlation With Market

Pay attention - limited upside

The correlation between Datadog and DJI is -0.83 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Datadog and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Datadog Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Datadog. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Datadog Stock please use our How to Invest in Datadog guide.

Moving together with Datadog Stock

0.69	BL	Blackline Sell-off Trend	Pair Corr
0.85	DT	Dynatrace Holdings LLC	Pair Corr
0.67	MQ	Marqeta Earnings Call This Week	Pair Corr
0.76	PD	Pagerduty	Pair Corr
0.78	VS	Versus Systems	Pair Corr
0.73	WK	Workiva	Pair Corr
0.75	DMRC	Digimarc Earnings Call This Week	Pair Corr
0.78	2TY	PagerDuty	Pair Corr
0.72	DOCU	DocuSign	Pair Corr
0.9	DOMO	Domo Inc Buyout Trend	Pair Corr
0.88	1Q5	Dropbox	Pair Corr
0.65	6NCA	NCINO INC DL	Pair Corr
0.78	LY0	Lyft Inc	Pair Corr
0.82	DTCX	Datacentrex Symbol Change	Pair Corr

Moving against Datadog Stock

0.89	RNI	OXFORD METRICS LS	Pair Corr
0.76	TRB	Tribal Group plc	Pair Corr
0.62	LUS1	Lang Schwarz Aktieng	Pair Corr
0.59	JG	Aurora Mobile	Pair Corr
0.51	DSG	Dillistone Group PLC	Pair Corr
0.44	60Z	UNIFIEDPOST GRP SANV Earnings Call Tomorrow	Pair Corr
0.4	XV7	SERESCO 16	Pair Corr
0.36	NN	Nextnav Acquisition Corp	Pair Corr
0.34	ZM	Zoom Video Communications Earnings Call Today	Pair Corr
0.69	MKQ	Mitek Systems	Pair Corr
0.62	89P	CLAVISTER HOLDING	Pair Corr
0.43	MKT	DeepMarkit Corp	Pair Corr

Related Correlations Analysis

	SHOP	UBER	APP	INTU	MU	NOW	IBM	CSCO	LRCX
SHOP		0.73	0.95	0.92	-0.7	0.84	0.68	-0.5	-0.65	SHOP
UBER	0.73		0.7	0.8	-0.66	0.82	0.71	-0.46	-0.64	UBER
APP	0.95	0.7		0.9	-0.68	0.83	0.72	-0.34	-0.64	APP
INTU	0.92	0.8	0.9		-0.83	0.95	0.74	-0.45	-0.82	INTU
MU	-0.7	-0.66	-0.68	-0.83		-0.91	-0.51	0.28	0.98	MU
NOW	0.84	0.82	0.83	0.95	-0.91		0.64	-0.42	-0.9	NOW
IBM	0.68	0.71	0.72	0.74	-0.51	0.64		-0.11	-0.5	IBM
CSCO	-0.5	-0.46	-0.34	-0.45	0.28	-0.42	-0.11		0.25	CSCO
LRCX	-0.65	-0.64	-0.64	-0.82	0.98	-0.9	-0.5	0.25		LRCX
	SHOP	UBER	APP	INTU	MU	NOW	IBM	CSCO	LRCX

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

LRCX	+ 0.98	MU
APP	+ 0.95	SHOP
NOW	+ 0.95	INTU
INTU	+ 0.92	SHOP
INTU	+ 0.9	APP
NOW	+ 0.84	SHOP

High negative correlations

NOW	- 0.91	MU
LRCX	- 0.9	NOW
MU	- 0.83	INTU
LRCX	- 0.82	INTU
MU	- 0.7	SHOP
MU	- 0.68	APP

Risk-Adjusted Indicators

There is a big difference between Datadog Stock performing well and Datadog 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 Datadog'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
SHOP	2.66	(0.40)	0.00	(0.12)	0.00	0.00	5.67	(7.07)	15.50
UBER	1.61	(0.41)	0.00	(0.51)	0.00	0.00	2.46	(4.25)	11.09
APP	3.92	(0.47)	0.00	(0.14)	0.00	0.00	7.44	(9.09)	32.87
INTU	1.99	(0.98)	0.00	(0.69)	0.00	0.00	2.74	(5.52)	15.22
MU	3.48	0.87	0.25	0.67	3.08	(4.20)	9.94	(4.80)	20.06
NOW	2.17	(0.73)	0.00	(1.08)	0.00	0.00	2.69	(6.97)	13.48
IBM	1.74	(0.49)	0.00	(0.17)	0.00	0.00	2.62	(4.87)	18.28
CSCO	1.24	(0.06)	(0.02)	0.03	2.52	(1.21)	2.96	(2.35)	15.57
LRCX	2.58	0.69	0.24	0.45	2.73	(2.94)	7.00	(5.07)	17.49

Datadog Corporate Management

Bryan Lee	Senior Manager	Profile
David Obstler	Chief Officer	Profile
Emilio Escobar	Chief Officer	Profile
Kerry JD	General Secretary	Profile
Alex Rosemblat	Chief Officer	Profile
Angie Holt	Senior Success	Profile

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