Dropbox Correlations

DBX Stock

USD 28.69 0.26 0.91%

The current 90-days correlation between Dropbox and WixCom is 0.22 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Dropbox Correlation With Market

Modest diversification

The correlation between Dropbox and DJI is 0.22 (i.e., Modest 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.

Build AI portfolio with Dropbox Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dropbox. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Dropbox Stock please use our How to Invest in Dropbox guide.

Moving against Dropbox Stock

0.34	FICO	Fair Isaac	Pair Corr
0.34	CRM	Salesforce	Pair Corr
0.42	ZPTA	Zapata Computing Holdings	Pair Corr
0.31	300659	Zhongfu Information	Pair Corr
0.31	CRM	SalesforceCom CDR	Pair Corr

Related Correlations Analysis

	WIX	MTCH	CFLT	KVYO	DOX	NICE	BLSH	CORZ	INFA	PATH
WIX		0.63	-0.6	0.28	0.69	0.95	0.79	0.32	-0.13	-0.47	WIX
MTCH	0.63		-0.37	0.73	0.21	0.52	0.57	-0.13	-0.27	-0.43	MTCH
CFLT	-0.6	-0.37		-0.01	-0.23	-0.58	-0.48	-0.16	-0.1	0.7	CFLT
KVYO	0.28	0.73	-0.01		-0.09	0.12	0.06	-0.43	-0.21	-0.37	KVYO
DOX	0.69	0.21	-0.23	-0.09		0.76	0.63	0.7	-0.1	-0.02	DOX
NICE	0.95	0.52	-0.58	0.12	0.76		0.82	0.41	-0.16	-0.36	NICE
BLSH	0.79	0.57	-0.48	0.06	0.63	0.82		0.32	-0.36	-0.15	BLSH
CORZ	0.32	-0.13	-0.16	-0.43	0.7	0.41	0.32		0.28	0.26	CORZ
INFA	-0.13	-0.27	-0.1	-0.21	-0.1	-0.16	-0.36	0.28		-0.07	INFA
PATH	-0.47	-0.43	0.7	-0.37	-0.02	-0.36	-0.15	0.26	-0.07		PATH
	WIX	MTCH	CFLT	KVYO	DOX	NICE	BLSH	CORZ	INFA	PATH

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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

NICE	+ 0.95	WIX
BLSH	+ 0.82	NICE
BLSH	+ 0.79	WIX
NICE	+ 0.76	DOX
KVYO	+ 0.73	MTCH
PATH	+ 0.7	CFLT

High negative correlations

CFLT	- 0.6	WIX
NICE	- 0.58	CFLT
BLSH	- 0.48	CFLT
PATH	- 0.47	WIX
CORZ	- 0.43	KVYO
PATH	- 0.43	MTCH

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
WIX	2.52	(0.80)	0.00	(0.98)	0.00	0.00	5.16	(4.33)	27.47
MTCH	1.26	(0.26)	0.00	(0.21)	0.00	0.00	2.58	(2.92)	8.03
CFLT	2.47	0.67	0.32	0.74	1.57	(3.41)	7.56	(3.67)	29.45
KVYO	2.27	(0.12)	0.00	(0.05)	0.00	0.00	5.07	(5.10)	17.04
DOX	0.91	(0.09)	0.00	(0.17)	0.00	0.00	1.38	(1.79)	10.59
NICE	1.87	(0.51)	0.00	(0.40)	0.00	0.00	2.26	(3.86)	18.80
BLSH	3.77	(0.42)	0.00	(0.07)	0.00	0.00	7.51	(8.52)	30.56
CORZ	3.08	(0.15)	0.00	(0.12)	0.00	0.00	6.31	(7.56)	17.30
INFA	0.09	(0.01)	(0.37)	(0.53)	0.12	(0.11)	0.16	(0.16)	1.08
PATH	3.56	0.50	0.13	0.38	3.67	(4.13)	10.70	(7.23)	31.59

Dropbox Corporate Management

Timothy Regan	Chief Officer	Profile
Bart Esq	Chief Officer	Profile
Ali Dasdan	Chief Officer	Profile
Sarah Schubach	Chief Officer	Profile
Adam Nash	VP Product	Profile
Lev Finkelstein	VP Strategy	Profile

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