Dropbox Correlations

1Q5 Stock

23.09 0.15 0.65%

The current 90-days correlation between Dropbox and Palantir Technologies is 0.2 (i.e., Modest diversification). The correlation of Dropbox is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Dropbox Correlation With Market

Significant diversification

The correlation between Dropbox and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dropbox and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Dropbox could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dropbox when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dropbox - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dropbox to buy it.

Moving together with Dropbox Stock

0.62	81M	COGNYTE SOFTWARE LTD	Pair Corr
0.69	EXL	Exasol AG	Pair Corr
0.82	WMT	Walmart	Pair Corr
0.78	WMT	Walmart	Pair Corr
0.85	CSA	Accenture plc	Pair Corr
0.66	M8G	Media and Games	Pair Corr

Moving against Dropbox Stock

0.72	SH9	Shenandoah Telecommunicatio	Pair Corr
0.51	SSUN	Samsung Electronics	Pair Corr
0.43	8HJ	LANDSEA HOMES P	Pair Corr
0.39	6L50	FUTURE GAMING GRP	Pair Corr
0.35	HC1	HEICO	Pair Corr
0.31	DWNI	Deutsche Wohnen SE	Pair Corr
0.71	GTY	Gateway Real Estate	Pair Corr
0.58	FJZ	Zijin Mining Group	Pair Corr
0.51	PN1	Penn National Gaming	Pair Corr
0.5	QFRA	Greenland Hong Kong	Pair Corr

Related Correlations Analysis

	MSF	PTX	1Q5	NJPA	81M	EXL	RZC
MSF		0.94	-0.17	-0.42	-0.2	-0.55	0.53	MSF
PTX	0.94		-0.19	-0.4	-0.26	-0.49	0.52	PTX
1Q5	-0.17	-0.19		-0.24	0.62	0.69	0.09	1Q5
NJPA	-0.42	-0.4	-0.24		-0.2	0.08	-0.54	NJPA
81M	-0.2	-0.26	0.62	-0.2		0.53	0.39	81M
EXL	-0.55	-0.49	0.69	0.08	0.53		-0.18	EXL
RZC	0.53	0.52	0.09	-0.54	0.39	-0.18		RZC
	MSF	PTX	1Q5	NJPA	81M	EXL	RZC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PTX	+ 0.94	MSF
EXL	+ 0.69	1Q5
81M	+ 0.62	1Q5
RZC	+ 0.53	MSF
EXL	+ 0.53	81M
RZC	+ 0.52	PTX

High negative correlations

EXL	- 0.55	MSF
RZC	- 0.54	NJPA
EXL	- 0.49	PTX
NJPA	- 0.42	MSF
NJPA	- 0.4	PTX
81M	- 0.26	PTX

Risk-Adjusted Indicators

There is a big difference between Dropbox Stock performing well and Dropbox Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Dropbox's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSF	1.00	0.35	0.22	1.53	0.61	(1.22)	2.29	(1.55)	13.10
PTX	2.07	0.73	0.16	(2.64)	2.36	(2.52)	6.49	(3.18)	20.29
1Q5	1.22	(0.04)	0.00	(2.41)	0.00	0.00	2.65	(2.53)	6.99
NJPA	1.98	(0.04)	(0.04)	0.04	2.51	(2.99)	4.79	(4.43)	19.51
81M	2.10	(0.16)	0.00	(0.07)	0.00	0.00	4.73	(3.23)	25.53
EXL	1.72	0.09	(0.04)	(0.10)	2.09	(2.01)	4.18	(3.65)	13.20
RZC	3.08	0.27	0.01	(0.27)	3.36	(5.28)	6.45	(5.56)	24.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dropbox without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Fundamental Analysis Now

Fundamental Analysis

View fundamental data based on most recent published financial statements

All Next

Launch Module

Dropbox Corporate Management

Elected by the shareholders, the Dropbox's board of directors comprises two types of representatives: Dropbox inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dropbox. The board's role is to monitor Dropbox's management team and ensure that shareholders' interests are well served. Dropbox's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Dropbox's outside directors are responsible for providing unbiased perspectives on the board's policies.

Timothy Regan	Chief Officer	Profile
Bart Esq	Chief Officer	Profile
Melanie Collins	Chief Officer	Profile
Mary Becking	VP Legal	Profile
Timothy Young	President	Profile
Andrew Houston	CEO CoFounder	Profile
Adam Nash	VP Product	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC