DigitalOcean Holdings, Inc. (DOCN) Correlation Distribution
Across 6,806 rolling correlation observations between DigitalOcean Holdings, Inc. (DOCN) and other NASDAQ-listed stocks, 73.7% are positive and 26.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.294, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 14.4% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,806
- Mean correlation
- 0.294
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.7%
- Strong positive (≥0.7)
- 14.4%
- Sector
- Services-Computer Programming, Data Processing, Etc.
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 89 | 1.3% | |
| -0.6 to -0.5 | 89 | 1.3% | |
| -0.5 to -0.4 | 301 | 4.4% | |
| -0.4 to -0.3 | 300 | 4.4% | |
| -0.3 to -0.2 | 344 | 5.1% | |
| -0.2 to -0.1 | 344 | 5.1% | |
| -0.1 to 0.0 | 320 | 4.7% | |
| 0.0 to 0.1 | 319 | 4.7% | |
| 0.1 to 0.2 | 382 | 5.6% | |
| 0.2 to 0.3 | 382 | 5.6% | |
| 0.3 to 0.4 | 568 | 8.3% | |
| 0.4 to 0.5 | 568 | 8.3% | |
| 0.5 to 0.6 | 909 | 13.4% | |
| 0.6 to 0.7 | 909 | 13.4% | |
| 0.7 to 0.8 | 478 | 7.0% | |
| 0.8 to 0.9 | 478 | 7.0% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of DOCN?
DigitalOcean Holdings, Inc. (DOCN) has an average correlation of about 0.294 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is DOCN positively correlated with other stocks?
Mostly yes — 73.7% of pairs are positive and 26.3% are negative. Strong positive correlations (≥0.7) make up 14.4%.
What is the most common correlation range for DOCN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30.7% of all pairs.
Explore the full interactive correlation distribution for DOCN.
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