Dlocal Correlations

DLO Stock

USD 14.05 0.54 3.70%

The current 90-days correlation between Dlocal and DigitalOcean Holdings is 0.32 (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

Poor diversification

The correlation between Dlocal and DJI is 0.64 (i.e., Poor 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

0.67	DIS	Walt Disney	Pair Corr
0.64	BA	Boeing Sell-off Trend	Pair Corr
0.67	HD	Home Depot	Pair Corr

Moving against Dlocal Stock

0.61	BRK-A	Berkshire Hathaway	Pair Corr
0.4	DD	Dupont De Nemours	Pair Corr
0.36	HYMTF	Hyundai Motor Earnings Call This Week	Pair Corr
0.64	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.63	KO	Coca Cola Sell-off Trend	Pair Corr
0.57	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.56	VZ	Verizon Communications	Pair Corr
0.47	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	DOCN	QLYS	CLBT	VRNS	BOX	ACIW	SPSC	STNE	NAVN	WEX
DOCN		0.42	0.02	-0.54	-0.65	-0.51	-0.38	-0.72	0.17	0.22	DOCN
QLYS	0.42		-0.16	-0.54	-0.15	-0.21	-0.65	-0.39	-0.2	-0.31	QLYS
CLBT	0.02	-0.16		0.27	0.04	0.15	0.44	-0.33	-0.46	0.28	CLBT
VRNS	-0.54	-0.54	0.27		0.63	0.65	0.86	0.6	-0.21	0.33	VRNS
BOX	-0.65	-0.15	0.04	0.63		0.71	0.44	0.72	0.03	-0.09	BOX
ACIW	-0.51	-0.21	0.15	0.65	0.71		0.55	0.53	-0.01	0.1	ACIW
SPSC	-0.38	-0.65	0.44	0.86	0.44	0.55		0.38	-0.2	0.6	SPSC
STNE	-0.72	-0.39	-0.33	0.6	0.72	0.53	0.38		0.25	-0.07	STNE
NAVN	0.17	-0.2	-0.46	-0.21	0.03	-0.01	-0.2	0.25		-0.11	NAVN
WEX	0.22	-0.31	0.28	0.33	-0.09	0.1	0.6	-0.07	-0.11		WEX
	DOCN	QLYS	CLBT	VRNS	BOX	ACIW	SPSC	STNE	NAVN	WEX

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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

SPSC	+ 0.86	VRNS
STNE	+ 0.72	BOX
ACIW	+ 0.71	BOX
ACIW	+ 0.65	VRNS
BOX	+ 0.63	VRNS
STNE	+ 0.6	VRNS

High negative correlations

STNE	- 0.72	DOCN
SPSC	- 0.65	QLYS
BOX	- 0.65	DOCN
VRNS	- 0.54	QLYS
VRNS	- 0.54	DOCN
ACIW	- 0.51	DOCN

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	2.62	0.32	0.14	0.30	2.47	(3.16)	6.72	(3.94)	24.58
QLYS	1.55	0.02	0.01	0.11	1.78	(1.72)	2.52	(3.12)	25.56
CLBT	2.03	(0.14)	0.00	0.96	0.00	0.00	3.03	(4.92)	25.88
VRNS	2.43	(0.73)	0.00	(0.55)	0.00	0.00	3.86	(2.93)	51.73
BOX	1.31	(0.41)	0.00	(0.53)	0.00	0.00	2.76	(3.61)	11.36
ACIW	1.27	(0.31)	0.00	(0.56)	0.00	0.00	2.08	(4.35)	9.43
SPSC	1.51	(0.34)	0.00	(0.27)	0.00	0.00	2.21	(3.12)	22.93
STNE	2.32	(0.38)	0.00	(0.10)	0.00	0.00	4.17	(6.88)	16.52
NAVN	3.92	(0.55)	0.00	(0.33)	0.00	0.00	9.63	(10.70)	21.66
WEX	1.34	(0.04)	(0.02)	0.05	1.56	(1.37)	3.06	(2.50)	6.48

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

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