Dingdong (Cayman) Limited American Depositary Shares (each two representing three Ordinary Shares) (DDL) Correlation Distribution
Across 6,805 rolling correlation observations between Dingdong (Cayman) Limited American Depositary Shares (each two representing three Ordinary Shares) (DDL) and other NASDAQ-listed stocks, 72.6% are positive and 27.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.345, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 33.4% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,805
- Mean correlation
- 0.345
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.6%
- Strong positive (≥0.7)
- 33.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 37 | 0.5% | |
| -0.8 to -0.7 | 36 | 0.5% | |
| -0.7 to -0.6 | 193 | 2.8% | |
| -0.6 to -0.5 | 193 | 2.8% | |
| -0.5 to -0.4 | 304 | 4.5% | |
| -0.4 to -0.3 | 303 | 4.5% | |
| -0.3 to -0.2 | 271 | 4.0% | |
| -0.2 to -0.1 | 270 | 4.0% | |
| -0.1 to 0.0 | 260 | 3.8% | |
| 0.0 to 0.1 | 259 | 3.8% | |
| 0.1 to 0.2 | 261 | 3.8% | |
| 0.2 to 0.3 | 261 | 3.8% | |
| 0.3 to 0.4 | 366 | 5.4% | |
| 0.4 to 0.5 | 365 | 5.4% | |
| 0.5 to 0.6 | 575 | 8.4% | |
| 0.6 to 0.7 | 575 | 8.4% | |
| 0.7 to 0.8 | 876 | 12.9% | |
| 0.8 to 0.9 | 876 | 12.9% | |
| 0.9 to 1.0 | 524 | 7.7% |
Frequently asked questions
What is the average correlation of DDL?
Dingdong (Cayman) Limited American Depositary Shares (each two representing three Ordinary Shares) (DDL) has an average correlation of about 0.345 with other NASDAQ stocks, based on 6,805 pairwise observations.
Is DDL positively correlated with other stocks?
Mostly yes — 72.6% of pairs are positive and 27.4% are negative. Strong positive correlations (≥0.7) make up 33.4%.
What is the most common correlation range for DDL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.2% of all pairs.
Explore the full interactive correlation distribution for DDL.
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