Dingdong ADR Correlations

DDL Stock

USD 2.01 0.01 0.50%

The current 90-days correlation between Dingdong ADR and Village Super Market is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dingdong ADR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dingdong ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dingdong ADR Correlation With Market

Modest diversification

The correlation between Dingdong ADR and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dingdong ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dingdong Stock

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

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

Moving together with Dingdong Stock

0.63	YI	111 Inc	Pair Corr
0.69	MSS	Maison Solutions	Pair Corr
0.68	HCWC	Healthy Choice Wellness	Pair Corr
0.71	ANDE	Andersons	Pair Corr

Moving against Dingdong Stock

0.56	DG	Dollar General	Pair Corr
0.49	AVO	Mission Produce	Pair Corr
0.45	DLTR	Dollar Tree	Pair Corr
0.54	PSMT	PriceSmart	Pair Corr
0.45	CHEF	Chefs Warehouse	Pair Corr
0.44	CART	Maplebear	Pair Corr
0.41	CASY	Caseys General Stores	Pair Corr
0.38	PFGC	Performance Food	Pair Corr
0.31	WMT	Walmart	Pair Corr
0.31	VLGEA	Village Super Market	Pair Corr
0.55	USFD	US Foods Holding	Pair Corr
0.53	DADA	Dada Nexus	Pair Corr
0.51	TR	Tootsie Roll Industries	Pair Corr
0.48	COST	Costco Wholesale Corp	Pair Corr

Related Correlations Analysis

	VLGEA	WMK	ASAI	IMKTA	GO	NGVC	SFM	TSCDF	CGUSY	KKOYY
VLGEA		-0.19	0.0	-0.07	0.1	0.34	0.67	0.3	0.0	0.39	VLGEA
WMK	-0.19		0.0	0.42	0.83	0.32	0.22	-0.24	0.0	-0.03	WMK
ASAI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ASAI
IMKTA	-0.07	0.42	0.0		0.19	-0.14	-0.23	-0.52	0.0	-0.43	IMKTA
GO	0.1	0.83	0.0	0.19		0.59	0.58	-0.12	0.0	0.21	GO
NGVC	0.34	0.32	0.0	-0.14	0.59		0.72	0.13	0.0	0.48	NGVC
SFM	0.67	0.22	0.0	-0.23	0.58	0.72		0.33	0.0	0.63	SFM
TSCDF	0.3	-0.24	0.0	-0.52	-0.12	0.13	0.33		0.0	0.81	TSCDF
CGUSY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CGUSY
KKOYY	0.39	-0.03	0.0	-0.43	0.21	0.48	0.63	0.81	0.0		KKOYY
	VLGEA	WMK	ASAI	IMKTA	GO	NGVC	SFM	TSCDF	CGUSY	KKOYY

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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

GO	+ 0.83	WMK
KKOYY	+ 0.81	TSCDF
SFM	+ 0.72	NGVC
SFM	+ 0.67	VLGEA
KKOYY	+ 0.63	SFM
NGVC	+ 0.59	GO

High negative correlations

TSCDF	- 0.52	IMKTA
KKOYY	- 0.43	IMKTA
TSCDF	- 0.24	WMK
SFM	- 0.23	IMKTA
WMK	- 0.19	VLGEA
NGVC	- 0.14	IMKTA

Risk-Adjusted Indicators

There is a big difference between Dingdong Stock performing well and Dingdong ADR 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 Dingdong ADR'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
VLGEA	1.26	0.18	0.12	0.58	1.19	(1.43)	2.99	(2.01)	9.14
WMK	1.49	(0.12)	0.00	(0.35)	0.00	0.00	2.62	(3.06)	13.75
ASAI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMKTA	1.19	(0.03)	0.00	(0.08)	0.00	0.00	2.53	(2.64)	7.60
GO	2.01	0.03	0.01	0.55	2.36	(2.18)	5.32	(3.87)	11.77
NGVC	2.45	0.19	0.06	1.85	2.88	(2.80)	3.78	(4.31)	40.43
SFM	1.68	0.21	0.09	0.33	2.01	(1.68)	3.30	(2.95)	11.91
TSCDF	2.37	0.47	0.17	(2.54)	2.14	(2.98)	5.70	(3.95)	13.43
CGUSY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KKOYY	1.25	0.24	0.12	1.72	1.67	(1.28)	2.68	(2.60)	10.87

Dingdong ADR Corporate Management

Liang Changlin	CEO Founder	Profile
Yu Le	Chief Director	Profile
Xu Zhijian	Chief Officer	Profile
Hongli Gong	Chief Officer	Profile

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