Dingdong Limited Correlations

DDL Stock

USD 2.82 0.54 23.68%

The current 90-days correlation between Dingdong Limited ADR and Village Super Market is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dingdong Limited moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dingdong Limited ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dingdong Limited Correlation With Market

Average diversification

The correlation between Dingdong Limited ADR and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dingdong Limited ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dingdong Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dingdong Limited 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 consumer price index.

Moving together with Dingdong Stock

0.75

HFFG

Hf Foods Group

Pair Corr

Moving against Dingdong Stock

0.67	BKRKF	PT Bank Rakyat	Pair Corr
0.51	UNFI	United Natural Foods	Pair Corr
0.35	EBM	Eastwood Bio Medical	Pair Corr
0.64	INCY	Incyte	Pair Corr
0.55	OBIO	Orchestra BioMed Holdings	Pair Corr
0.5	NHIC	NewHold Investment Corp	Pair Corr
0.48	SBKFF	State Bank	Pair Corr
0.45	PBCRY	Bank Central Asia	Pair Corr
0.44	COPL	Copley Acquisition Corp	Pair Corr
0.33	CSCO	Cisco Systems	Pair Corr
0.66	GRRLF	Grange Resources	Pair Corr
0.59	SILXF	Silex Systems Limited	Pair Corr

Related Correlations Analysis

	VLGEA	QSG	USNA	VSTA	LND	CVGW	LWAY	MAMA	WEST	WILC
VLGEA		-0.56	0.63	-0.04	0.43	0.35	0.31	0.23	0.27	0.09	VLGEA
QSG	-0.56		-0.08	-0.06	-0.13	0.26	0.27	-0.37	0.42	-0.57	QSG
USNA	0.63	-0.08		-0.2	0.32	0.86	0.7	-0.27	0.67	-0.58	USNA
VSTA	-0.04	-0.06	-0.2		-0.02	-0.2	-0.16	0.04	-0.08	0.1	VSTA
LND	0.43	-0.13	0.32	-0.02		0.26	0.07	0.1	0.12	-0.06	LND
CVGW	0.35	0.26	0.86	-0.2	0.26		0.79	-0.31	0.78	-0.76	CVGW
LWAY	0.31	0.27	0.7	-0.16	0.07	0.79		-0.31	0.77	-0.57	LWAY
MAMA	0.23	-0.37	-0.27	0.04	0.1	-0.31	-0.31		-0.32	0.73	MAMA
WEST	0.27	0.42	0.67	-0.08	0.12	0.78	0.77	-0.32		-0.68	WEST
WILC	0.09	-0.57	-0.58	0.1	-0.06	-0.76	-0.57	0.73	-0.68		WILC
	VLGEA	QSG	USNA	VSTA	LND	CVGW	LWAY	MAMA	WEST	WILC

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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

CVGW	+ 0.86	USNA
LWAY	+ 0.79	CVGW
WEST	+ 0.78	CVGW
WEST	+ 0.77	LWAY
WILC	+ 0.73	MAMA
LWAY	+ 0.7	USNA

High negative correlations

WILC	- 0.76	CVGW
WILC	- 0.68	WEST
WILC	- 0.58	USNA
WILC	- 0.57	LWAY
WILC	- 0.57	QSG
QSG	- 0.56	VLGEA

Risk-Adjusted Indicators

There is a big difference between Dingdong Stock performing well and Dingdong Limited 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 Limited'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
VLGEA	1.46	(0.10)	0.00	(0.11)	0.00	0.00	3.18	(2.09)	14.48
QSG	4.41	(0.35)	0.00	(0.22)	0.00	0.00	8.89	(7.30)	38.20
USNA	1.91	(0.66)	0.00	(0.24)	0.00	0.00	3.35	(3.54)	25.00
VSTA	0.50	0.03	(0.05)	(0.26)	0.57	(0.65)	1.22	(1.01)	3.87
LND	1.24	0.00	(0.04)	0.07	1.30	(1.66)	3.03	(2.19)	7.99
CVGW	1.31	(0.39)	0.00	(0.34)	0.00	0.00	2.14	(3.75)	9.91
LWAY	1.87	(0.53)	0.00	(0.72)	0.00	0.00	2.84	(3.69)	21.39
MAMA	2.04	0.60	0.22	(3.38)	1.91	(2.41)	3.30	(2.96)	36.68
WEST	2.69	(0.34)	0.00	(0.44)	0.00	0.00	8.01	(6.70)	18.25
WILC	1.72	0.41	0.18	1.39	1.82	(2.00)	4.04	(2.41)	11.57

Dingdong Limited 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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