Dropbox, Inc. Class A (DBX) Correlation Distribution
Across 6,809 rolling correlation observations between Dropbox, Inc. Class A (DBX) and other NASDAQ-listed stocks, 67.1% are positive and 32.9% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.131, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.4% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.131
- Most common range
- 0.1 to 0.2
- Positive pairs
- 67.1%
- Strong positive (≥0.7)
- 0.4%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 45 | 0.7% | |
| -0.6 to -0.5 | 44 | 0.6% | |
| -0.5 to -0.4 | 213 | 3.1% | |
| -0.4 to -0.3 | 212 | 3.1% | |
| -0.3 to -0.2 | 465 | 6.8% | |
| -0.2 to -0.1 | 464 | 6.8% | |
| -0.1 to 0.0 | 796 | 11.7% | |
| 0.0 to 0.1 | 795 | 11.7% | |
| 0.1 to 0.2 | 805 | 11.8% | |
| 0.2 to 0.3 | 805 | 11.8% | |
| 0.3 to 0.4 | 801 | 11.8% | |
| 0.4 to 0.5 | 801 | 11.8% | |
| 0.5 to 0.6 | 266 | 3.9% | |
| 0.6 to 0.7 | 265 | 3.9% | |
| 0.7 to 0.8 | 14 | 0.2% | |
| 0.8 to 0.9 | 14 | 0.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of DBX?
Dropbox, Inc. Class A (DBX) has an average correlation of about 0.131 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DBX positively correlated with other stocks?
Mostly yes — 67.1% of pairs are positive and 32.9% are negative. Strong positive correlations (≥0.7) make up 0.4%.
What is the most common correlation range for DBX?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 60.7% of all pairs.
Explore the full interactive correlation distribution for DBX.
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