Dingdong ADR Correlations

DDL Stock

USD 2.08 0.02 0.97%

The current 90-days correlation between Dingdong ADR and Air Products and is 0.33 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dingdong ADR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dingdong ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dingdong ADR Correlation With Market

Weak diversification

The correlation between Dingdong ADR and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dingdong ADR and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Dingdong Stock please use our How to buy in Dingdong Stock guide.

Moving together with Dingdong Stock

0.68	GO	Grocery Outlet Holding	Pair Corr
0.65	DOLE	Dole PLC	Pair Corr

Moving against Dingdong Stock

0.66	DG	Dollar General	Pair Corr
0.55	DLTR	Dollar Tree	Pair Corr
0.53	LW	Lamb Weston Holdings	Pair Corr
0.47	PM	Philip Morris Intern	Pair Corr
0.46	EL	Estee Lauder Companies	Pair Corr
0.31	MO	Altria Group	Pair Corr
0.7	EWCZ	European Wax Center	Pair Corr
0.56	EPSM	Epsium Enterprise	Pair Corr
0.48	EDBL	Edible Garden AG	Pair Corr
0.42	FIZZ	National Beverage Corp	Pair Corr
0.31	FEDU	Four Seasons Education	Pair Corr

Related Correlations Analysis

	CC	APD	IAS	SCL	LXFR	AVNT	BCE	XFABF
CC		0.43	-0.01	0.12	0.12	0.06	0.37	0.03	CC
APD	0.43		0.75	0.76	0.75	0.52	0.56	0.52	APD
IAS	-0.01	0.75		0.92	0.92	0.73	0.36	0.75	IAS
SCL	0.12	0.76	0.92		0.96	0.75	0.35	0.79	SCL
LXFR	0.12	0.75	0.92	0.96		0.75	0.34	0.76	LXFR
AVNT	0.06	0.52	0.73	0.75	0.75		0.08	0.39	AVNT
BCE	0.37	0.56	0.36	0.35	0.34	0.08		0.39	BCE
XFABF	0.03	0.52	0.75	0.79	0.76	0.39	0.39		XFABF
	CC	APD	IAS	SCL	LXFR	AVNT	BCE	XFABF

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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

LXFR	+ 0.96	SCL
SCL	+ 0.92	IAS
LXFR	+ 0.92	IAS
XFABF	+ 0.79	SCL
SCL	+ 0.76	APD
XFABF	+ 0.76	LXFR

High negative correlations

IAS

- 0.01

Risk-Adjusted Indicators

There is a big difference between Dingdong Stock performing well and Dingdong ADR 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 Dingdong ADR'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
CC	3.56	(0.18)	(0.01)	0.03	4.71	(3.74)	6.50	(9.08)	34.02
APD	1.39	(0.10)	(0.04)	0.01	2.09	(1.30)	2.66	(3.02)	11.71
IAS	1.93	(0.02)	0.01	0.09	2.73	(2.13)	4.72	(3.29)	22.60
SCL	1.92	0.02	0.02	0.12	2.30	(2.28)	4.80	(3.40)	14.04
LXFR	2.02	0.01	0.02	0.11	2.46	(2.24)	5.00	(3.61)	13.86
AVNT	2.19	(0.23)	0.00	(0.03)	0.00	0.00	4.30	(4.08)	20.83
BCE	1.27	0.02	(0.04)	(0.78)	1.77	(1.38)	2.19	(3.27)	9.37
XFABF	2.32	1.06	0.18	11.87	1.51	(5.56)	7.88	(2.36)	28.30

Dingdong ADR Corporate Management

Liang Changlin	CEO Founder	Profile
Yu Le	Chief Director	Profile
Xu Zhijian	Chief Officer	Profile
Hongli Gong	Chief Officer	Profile

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