Datadog Correlations

DDOG Stock

USD 119.66 9.39 7.28%

The current 90-days correlation between Datadog and Baron Global Advantage is 0.15 (i.e., Average 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 -0.75 (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 board of governors.

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

Moving together with Datadog Stock

0.72	DT	Dynatrace Holdings LLC Earnings Call Today	Pair Corr
0.79	PD	Pagerduty	Pair Corr
0.84	DOMO	Domo Inc	Pair Corr
0.76	ESTC	Elastic NV	Pair Corr
0.65	TTD	Trade Desk	Pair Corr
0.8	LPSN	LivePerson	Pair Corr
0.61	MNDY	MondayCom Earnings Call This Week	Pair Corr
0.66	PHUN	Phunware	Pair Corr
0.62	ADSK	Autodesk	Pair Corr

Moving against Datadog Stock

0.83	SLF	Sun Life Financial Earnings Call This Week	Pair Corr
0.81	ASUR	Asure Software	Pair Corr
0.81	MRK	Merck Company Aggressive Push	Pair Corr
0.78	BA	Boeing	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.63	GLUC	Glucose Health	Pair Corr
0.61	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.59	INTC	Intel Aggressive Push	Pair Corr
0.53	CVX	Chevron Corp	Pair Corr
0.39	PFE	Pfizer Inc	Pair Corr
0.35	DIS	Walt Disney Sell-off Trend	Pair Corr
0.35	BAC	Bank of America Aggressive Push	Pair Corr
0.32	GE	GE Aerospace	Pair Corr
0.32	CSCO	Cisco Systems Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MSTSX	RRTLX	ORMP	GSFP	VTARX	MCTA	GBDC	GSBD	BCSF	BGAFX
MSTSX		0.97	0.81	0.65	0.94	0.26	0.03	-0.44	0.23	0.68	MSTSX
RRTLX	0.97		0.87	0.74	0.95	0.34	0.08	-0.37	0.28	0.7	RRTLX
ORMP	0.81	0.87		0.86	0.78	0.49	0.12	-0.23	0.27	0.57	ORMP
GSFP	0.65	0.74	0.86		0.67	0.72	0.12	-0.21	0.4	0.44	GSFP
VTARX	0.94	0.95	0.78	0.67		0.31	0.0	-0.49	0.29	0.67	VTARX
MCTA	0.26	0.34	0.49	0.72	0.31		-0.01	-0.2	0.25	0.1	MCTA
GBDC	0.03	0.08	0.12	0.12	0.0	-0.01		0.55	0.77	0.37	GBDC
GSBD	-0.44	-0.37	-0.23	-0.21	-0.49	-0.2	0.55		0.19	-0.06	GSBD
BCSF	0.23	0.28	0.27	0.4	0.29	0.25	0.77	0.19		0.45	BCSF
BGAFX	0.68	0.7	0.57	0.44	0.67	0.1	0.37	-0.06	0.45		BGAFX
	MSTSX	RRTLX	ORMP	GSFP	VTARX	MCTA	GBDC	GSBD	BCSF	BGAFX

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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

RRTLX	+ 0.97	MSTSX
VTARX	+ 0.95	RRTLX
VTARX	+ 0.94	MSTSX
ORMP	+ 0.87	RRTLX
GSFP	+ 0.86	ORMP
ORMP	+ 0.81	MSTSX

High negative correlations

GSBD	- 0.49	VTARX
GSBD	- 0.44	MSTSX
GSBD	- 0.37	RRTLX
GSBD	- 0.23	ORMP
GSBD	- 0.21	GSFP
GSBD	- 0.2	MCTA

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
MSTSX	0.65	0.15	0.16	0.61	0.44	(0.81)	0.93	(1.09)	12.28
RRTLX	0.26	0.04	0.04	0.17	0.15	(0.33)	0.57	(0.49)	3.30
ORMP	2.69	0.62	0.27	0.35	1.90	(3.85)	6.98	(3.49)	17.67
GSFP	0.55	0.18	0.22	1.77	0.33	(0.68)	1.27	(1.10)	3.10
VTARX	0.67	0.18	0.28	0.36	0.00	(0.90)	0.86	(0.83)	17.94
MCTA	3.40	1.31	0.00	1.35	0.00	0.00	6.97	(2.09)	60.38
GBDC	0.75	(0.13)	0.00	(0.22)	0.00	0.00	1.37	(1.82)	4.99
GSBD	0.84	(0.10)	0.00	(0.17)	0.00	0.00	1.73	(1.93)	4.38
BCSF	0.95	(0.13)	0.00	(0.17)	0.00	0.00	1.93	(2.13)	6.32
BGAFX	0.91	0.01	0.00	0.05	1.06	(1.09)	1.75	(2.41)	12.37

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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