DigitalOcean Holdings Correlations

DOCN Stock

USD 27.36 0.45 1.62%

The current 90-days correlation between DigitalOcean Holdings and Uipath Inc is 0.71 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DigitalOcean Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DigitalOcean Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

DigitalOcean Holdings Correlation With Market

Very good diversification

The correlation between DigitalOcean Holdings and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DigitalOcean Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DigitalOcean Stock

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

To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.

Moving together with DigitalOcean Stock

0.73	VERI	Veritone	Pair Corr
0.81	VRNT	Verint Systems	Pair Corr
0.65	FIVN	Five9 Inc	Pair Corr
0.92	RPD	Rapid7 Inc	Pair Corr
0.83	RXT	Rackspace Technology	Pair Corr

Moving against DigitalOcean Stock

0.32	ZS	Zscaler	Pair Corr
0.31	VRNS	Varonis Systems	Pair Corr

Related Correlations Analysis

	CRWD	ZS	OKTA	PATH	MDB	NET	PANW	SPLK
CRWD		0.93	0.22	0.9	0.67	0.9	0.86	0.0	CRWD
ZS	0.93		0.08	0.86	0.81	0.97	0.85	0.0	ZS
OKTA	0.22	0.08		0.43	0.29	0.19	0.47	0.0	OKTA
PATH	0.9	0.86	0.43		0.74	0.89	0.87	0.0	PATH
MDB	0.67	0.81	0.29	0.74		0.84	0.86	0.0	MDB
NET	0.9	0.97	0.19	0.89	0.84		0.84	0.0	NET
PANW	0.86	0.85	0.47	0.87	0.86	0.84		0.0	PANW
SPLK	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SPLK
	CRWD	ZS	OKTA	PATH	MDB	NET	PANW	SPLK

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

NET	+ 0.97	ZS
ZS	+ 0.93	CRWD
PATH	+ 0.9	CRWD
NET	+ 0.9	CRWD
NET	+ 0.89	PATH
PANW	+ 0.87	PATH

High negative correlations

SPLK	- 0.0	PANW
SPLK	- 0.0	NET
SPLK	- 0.0	MDB
SPLK	- 0.0	PATH
SPLK	- 0.0	OKTA
SPLK	- 0.0	ZS

Risk-Adjusted Indicators

There is a big difference between DigitalOcean Stock performing well and DigitalOcean Holdings 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 DigitalOcean Holdings' 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
CRWD	2.34	0.48	0.15	(2.83)	2.70	(2.62)	4.60	(4.67)	22.07
ZS	1.85	0.66	0.21	(5.05)	2.26	(2.06)	4.76	(3.67)	17.84
OKTA	2.07	(0.19)	0.00	5.08	0.00	0.00	3.95	(4.85)	27.47
PATH	1.97	0.00	0.09	0.00	2.15	(2.21)	4.14	(3.65)	18.42
MDB	2.32	0.15	0.04	(1.96)	2.82	(2.54)	6.91	(5.48)	23.45
NET	2.42	0.73	0.17	7.61	3.22	(2.52)	5.62	(5.37)	21.78
PANW	1.78	0.15	0.04	(1.86)	2.53	(1.69)	3.51	(4.63)	20.23
SPLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

DigitalOcean Holdings Corporate Management

Cherie Barrett	Senior Officer	Profile
Wade Wegner	Chief Officer	Profile
Gabriel Monroy	Chief Officer	Profile
Bratin Saha	Chief Officer	Profile
Lawrence DAngelo	Chief Officer	Profile
Warren Jenson	Independent Director	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