Dlocal Correlations

DLO Stock

USD 10.49 0.24 2.34%

The current 90-days correlation between Dlocal and StoneCo 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 0.62 (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 bureau of economic analysis.

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

Moving together with Dlocal Stock

0.69	AI	C3 Ai Inc	Pair Corr
0.91	MQ	Marqeta Earnings Call This Week	Pair Corr
0.8	ZS	Zscaler	Pair Corr
0.61	DTSS	Datasea	Pair Corr
0.79	VRAR	Glimpse Group	Pair Corr
0.84	VRNS	Varonis Systems	Pair Corr
0.7	FLYW	Flywire Corp Potential Growth	Pair Corr
0.7	FOUR	Shift4 Payments	Pair Corr
0.62	DBX	Dropbox Sell-off Trend	Pair Corr
0.61	DOX	Amdocs	Pair Corr
0.66	GEN	Gen Digital	Pair Corr
0.87	IOT	Samsara	Pair Corr
0.9	NET	Cloudflare	Pair Corr
0.76	ODD	ODDITY Tech	Pair Corr
0.81	PAY	Paymentus Holdings	Pair Corr
0.86	PGY	Pagaya Technologies	Pair Corr

Moving against Dlocal Stock

0.65	VERI	Veritone	Pair Corr
0.38	EXOD	Exodus Movement,	Pair Corr
0.34	FMTO	Femto Technologies Symbol Change	Pair Corr
0.76	APCXW	AppTech Payments Corp	Pair Corr
0.5	RXT	Rackspace Technology	Pair Corr
0.37	RPD	Rapid7 Inc	Pair Corr
0.35	LIDRW	AEye Inc	Pair Corr

Related Correlations Analysis

	STNE	NEWR	NTNX	EGIO	PAGS	PATH	NET	AFRM	DAVA
STNE		0.0	0.45	0.0	0.93	0.54	0.49	0.29	-0.65	STNE
NEWR	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NEWR
NTNX	0.45	0.0		0.0	0.33	0.79	0.82	0.77	-0.23	NTNX
EGIO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	EGIO
PAGS	0.93	0.0	0.33	0.0		0.41	0.26	0.27	-0.38	PAGS
PATH	0.54	0.0	0.79	0.0	0.41		0.88	0.79	-0.37	PATH
NET	0.49	0.0	0.82	0.0	0.26	0.88		0.73	-0.51	NET
AFRM	0.29	0.0	0.77	0.0	0.27	0.79	0.73		0.02	AFRM
DAVA	-0.65	0.0	-0.23	0.0	-0.38	-0.37	-0.51	0.02		DAVA
	STNE	NEWR	NTNX	EGIO	PAGS	PATH	NET	AFRM	DAVA

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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

PAGS	+ 0.93	STNE
NET	+ 0.88	PATH
NET	+ 0.82	NTNX
PATH	+ 0.79	NTNX
AFRM	+ 0.79	PATH
AFRM	+ 0.77	NTNX

High negative correlations

DAVA	- 0.65	STNE
DAVA	- 0.51	NET
DAVA	- 0.38	PAGS
DAVA	- 0.37	PATH
DAVA	- 0.23	NTNX
DAVA	- 0.0	EGIO

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
STNE	2.49	0.62	0.24	0.76	2.17	(3.08)	6.15	(4.63)	22.64
NEWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NTNX	2.43	0.06	0.02	0.03	3.62	(2.57)	4.12	(7.44)	18.74
EGIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAGS	2.39	0.31	0.11	0.31	2.56	(2.84)	6.50	(4.85)	18.35
PATH	2.39	0.23	0.06	(1.46)	3.57	(2.49)	4.72	(4.06)	20.49
NET	2.75	0.41	0.09	4.72	3.94	(2.73)	5.62	(8.00)	21.78
AFRM	4.31	0.14	0.02	(0.52)	6.35	(4.22)	7.80	(10.25)	36.00
DAVA	3.20	(0.39)	0.00	(0.23)	0.00	0.00	6.02	(5.76)	42.99

Dlocal Corporate Management

Mark Ortiz	Chief Officer	Profile
Carlos Menendez	Chief Officer	Profile
Alberto Almeida	Chief Officer	Profile
John OBrien	Chief Officer	Profile
Jeffrey Brown	Interim Officer	Profile

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