Dlocal Correlations

DLO Stock

USD 14.39 0.46 3.30%

The current 90-days correlation between Dlocal and DigitalOcean Holdings is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dlocal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dlocal moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dlocal Correlation With Market

Weak diversification

The correlation between Dlocal and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dlocal and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dlocal Stock

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

To learn how to invest in Dlocal Stock, please use our How to Invest in Dlocal guide.

Moving together with Dlocal Stock

0.77

SOC

Sable Offshore Corp

Pair Corr

Moving against Dlocal Stock

0.62	CNLHP	Connecticut Light	Pair Corr
0.54	CSCO	Cisco Systems	Pair Corr
0.52	DNTH	Dianthus Therapeutics	Pair Corr
0.39	REYN	Reynolds Consumer	Pair Corr
0.33	GOOGL	Alphabet Class A	Pair Corr
0.62	FSLY	Fastly Class A	Pair Corr
0.49	FRMEP	First Merchants Earnings Call This Week	Pair Corr
0.47	RCUS	Arcus Biosciences	Pair Corr
0.33	COLAU	Columbus Acquisition Corp	Pair Corr

Related Correlations Analysis

	DOCN	QLYS	CLBT	VRNS	BOX	ACIW	SPSC	STNE	NAVN	WEX
DOCN		0.28	-0.05	-0.5	-0.65	-0.53	-0.28	-0.69	0.05	0.29	DOCN
QLYS	0.28		0.0	-0.44	0.07	0.01	-0.59	-0.32	-0.23	-0.38	QLYS
CLBT	-0.05	0.0		0.19	0.21	0.26	0.33	-0.32	-0.31	0.14	CLBT
VRNS	-0.5	-0.44	0.19		0.52	0.54	0.82	0.59	-0.09	0.38	VRNS
BOX	-0.65	0.07	0.21	0.52		0.79	0.28	0.64	0.2	-0.21	BOX
ACIW	-0.53	0.01	0.26	0.54	0.79		0.38	0.5	0.18	-0.04	ACIW
SPSC	-0.28	-0.59	0.33	0.82	0.28	0.38		0.33	-0.11	0.66	SPSC
STNE	-0.69	-0.32	-0.32	0.59	0.64	0.5	0.33		0.34	-0.08	STNE
NAVN	0.05	-0.23	-0.31	-0.09	0.2	0.18	-0.11	0.34		-0.14	NAVN
WEX	0.29	-0.38	0.14	0.38	-0.21	-0.04	0.66	-0.08	-0.14		WEX
	DOCN	QLYS	CLBT	VRNS	BOX	ACIW	SPSC	STNE	NAVN	WEX

Please upgrade your account to get full access to Macroaxis premium features

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

SPSC	+ 0.82	VRNS
ACIW	+ 0.79	BOX
WEX	+ 0.66	SPSC
STNE	+ 0.64	BOX
STNE	+ 0.59	VRNS
ACIW	+ 0.54	VRNS

High negative correlations

STNE	- 0.69	DOCN
BOX	- 0.65	DOCN
SPSC	- 0.59	QLYS
ACIW	- 0.53	DOCN
VRNS	- 0.5	DOCN
VRNS	- 0.44	QLYS

Risk-Adjusted Indicators

There is a big difference between Dlocal Stock performing well and Dlocal 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 Dlocal'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
DOCN	2.64	0.33	0.14	0.24	2.57	(3.10)	6.72	(4.19)	24.58
QLYS	1.60	(0.02)	(0.01)	0.04	1.88	(1.75)	2.52	(3.12)	25.56
CLBT	2.04	(0.14)	0.00	0.75	0.00	0.00	3.03	(4.33)	25.88
VRNS	2.52	(0.66)	0.00	(0.51)	0.00	0.00	4.40	(2.93)	50.43
BOX	1.33	(0.37)	0.00	(0.58)	0.00	0.00	2.76	(3.61)	11.36
ACIW	1.23	(0.19)	0.00	(0.38)	0.00	0.00	2.08	(3.30)	9.43
SPSC	1.52	(0.33)	0.00	(0.29)	0.00	0.00	2.21	(3.12)	22.93
STNE	2.29	(0.32)	0.00	(0.10)	0.00	0.00	4.06	(6.88)	15.52
NAVN	3.85	(0.47)	0.00	(0.25)	0.00	0.00	9.63	(10.70)	21.66
WEX	1.42	(0.01)	0.00	0.06	1.65	(1.46)	3.31	(2.82)	8.14

Dlocal Corporate Management

Mark Ortiz	Chief Officer	Profile
Carlos Menendez	Chief Officer	Profile
Alberto Almeida	Chief Officer	Profile
John OBrien	Chief Officer	Profile
Guillermo Perez	Chief Officer	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