DLocal Limited Class A Common Shares (DLO) Correlation Distribution
Across 6,806 rolling correlation observations between DLocal Limited Class A Common Shares (DLO) and other NASDAQ-listed stocks, 70% are positive and 30% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.307, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.2% and strong negative correlations (≤−0.7) for 3.8%.
- Total observations
- 6,806
- Mean correlation
- 0.307
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70%
- Strong positive (≥0.7)
- 37.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 128 | 1.9% | |
| -0.8 to -0.7 | 127 | 1.9% | |
| -0.7 to -0.6 | 332 | 4.9% | |
| -0.6 to -0.5 | 331 | 4.9% | |
| -0.5 to -0.4 | 256 | 3.8% | |
| -0.4 to -0.3 | 255 | 3.7% | |
| -0.3 to -0.2 | 206 | 3.0% | |
| -0.2 to -0.1 | 206 | 3.0% | |
| -0.1 to 0.0 | 202 | 3.0% | |
| 0.0 to 0.1 | 202 | 3.0% | |
| 0.1 to 0.2 | 228 | 3.3% | |
| 0.2 to 0.3 | 228 | 3.3% | |
| 0.3 to 0.4 | 298 | 4.4% | |
| 0.4 to 0.5 | 298 | 4.4% | |
| 0.5 to 0.6 | 487 | 7.2% | |
| 0.6 to 0.7 | 487 | 7.2% | |
| 0.7 to 0.8 | 1,149 | 16.9% | |
| 0.8 to 0.9 | 1,149 | 16.9% | |
| 0.9 to 1.0 | 236 | 3.5% |
Frequently asked questions
What is the average correlation of DLO?
DLocal Limited Class A Common Shares (DLO) has an average correlation of about 0.307 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is DLO positively correlated with other stocks?
Mostly yes — 70% of pairs are positive and 30% are negative. Strong positive correlations (≥0.7) make up 37.2%.
What is the most common correlation range for DLO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.7% of all pairs.
Explore the full interactive correlation distribution for DLO.
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