Correlation Between Block and Datadog

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The pairing of Block Inc and Datadog highlights how their return series behave together. This framework highlights how diversifiable risk is affected when both are included. This value is computed from recorded return data over multiple periods.
Correlation trends for Block Inc and Datadog show when the pair behaves defensively and when it becomes directional. The correlation here is practical: it shows whether the pair can balance each other inside one portfolio. You can explore a long Block versus short Datadog position to frame pair dynamics. Go to your portfolio center

Diversification Opportunities for Block and Datadog

0.53
  Correlation Coefficient
Weak diversification
The 3 months correlation between Block and Datadog is 0.53. Overlapping area represents the amount of risk that can be diversified away by holding Block Inc and Datadog in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Datadog and Block is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Block Inc are associated (or correlated) with Datadog. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Datadog has no effect on the direction of Block i.e., Block and Datadog go up and down completely randomly.

Pair Correlation Between Block and Datadog

Over a 90-day investment horizon, Block generates 2.05 times less return on investment than Datadog. On the other hand, Block Inc is 1.51 times less risky than Datadog. It converts risk into return at a rate of about 0.14. Datadog is currently generating about 0.19 of returns per unit of risk over a similar time horizon. If you had invested $ 11,401 in Datadog on February 9, 2026 and sold it today, you would have earned $ 8,615 , a return of 75.56% over 90 days..
Time Period3 Months [change]
DirectionMoves Together 
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Block Inc  vs.  Datadog

 Performance 
       Timeline  
Block Inc 
Risk-Adjusted Performance
0High
10 · Moderate
Compared with the broader market, risk-adjusted returns on Block Inc rank lower than 10% of all global equities and portfolios over the last 90 days. Comparing this score with sector peers and broader benchmarks adds further context to the ranking. Block has delivered strong risk-adjusted returns over recent months, suggesting the current trend may have further room to run. ...more
Datadog 
Risk-Adjusted Performance
0High
14 · Balanced
Datadog currently ranks below 14% of comparable global equities and portfolios when recent risk-adjusted returns are measured across a 90-day horizon. Return quality should be judged alongside the volatility required to produce it. Datadog has generated above-average risk-adjusted returns over the measured period, indicating constructive positioning for holders. ...more

Block and Datadog Volatility Contrast

   Predicted Return Distribution   
       Density  

Pair Trading with Block and Datadog

A paired position in Block and Datadog provides a more relative-value expression than a simple directional trade. A pair setup only works when both legs are monitored with the same discipline as a stand-alone position.
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