DoorDash, Inc. Class A Common Stock (DASH) Correlation Distribution
Across 6,808 rolling correlation observations between DoorDash, Inc. Class A Common Stock (DASH) and other NASDAQ-listed stocks, 74.3% are positive and 25.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.233, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.2% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,808
- Mean correlation
- 0.233
- Most common range
- 0.3 to 0.4
- Positive pairs
- 74.3%
- Strong positive (≥0.7)
- 10.2%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 91 | 1.3% | |
| -0.8 to -0.7 | 91 | 1.3% | |
| -0.7 to -0.6 | 140 | 2.1% | |
| -0.6 to -0.5 | 139 | 2.0% | |
| -0.5 to -0.4 | 191 | 2.8% | |
| -0.4 to -0.3 | 190 | 2.8% | |
| -0.3 to -0.2 | 276 | 4.1% | |
| -0.2 to -0.1 | 276 | 4.1% | |
| -0.1 to 0.0 | 357 | 5.2% | |
| 0.0 to 0.1 | 357 | 5.2% | |
| 0.1 to 0.2 | 572 | 8.4% | |
| 0.2 to 0.3 | 571 | 8.4% | |
| 0.3 to 0.4 | 854 | 12.5% | |
| 0.4 to 0.5 | 853 | 12.5% | |
| 0.5 to 0.6 | 578 | 8.5% | |
| 0.6 to 0.7 | 578 | 8.5% | |
| 0.7 to 0.8 | 320 | 4.7% | |
| 0.8 to 0.9 | 320 | 4.7% | |
| 0.9 to 1.0 | 52 | 0.8% |
Frequently asked questions
What is the average correlation of DASH?
DoorDash, Inc. Class A Common Stock (DASH) has an average correlation of about 0.233 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is DASH positively correlated with other stocks?
Mostly yes — 74.3% of pairs are positive and 25.7% are negative. Strong positive correlations (≥0.7) make up 10.2%.
What is the most common correlation range for DASH?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 35.4% of all pairs.
Explore the full interactive correlation distribution for DASH.
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