DocuSign Correlations

DOCU Stock

USD 68.19 2.92 4.11%

The current 90-days correlation between DocuSign and Bentley Systems is 0.23 (i.e., Modest diversification). The correlation of DocuSign 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.

DocuSign Correlation With Market

Weak diversification

The correlation between DocuSign and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DocuSign and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DocuSign Stock

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

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

Moving together with DocuSign Stock

0.82	DV	DoubleVerify Holdings	Pair Corr
0.72	JG	Aurora Mobile	Pair Corr
0.65	ERD	Eroad	Pair Corr
0.74	IAM	Income Asset Management	Pair Corr
0.76	MTEC	Made Tech Group	Pair Corr
0.76	ATG	Auction Technology	Pair Corr
0.72	CMG	Computer Modelling	Pair Corr
0.69	KARO	Karooooo	Pair Corr
0.7	ALFA	Alfa Financial Software	Pair Corr
0.63	VR1	Vection Technologies	Pair Corr
0.62	ALT	Altitude Group Plc	Pair Corr
0.68	ISGI	InsuraGuest Technologies	Pair Corr

Moving against DocuSign Stock

0.68	FICO	Fair Isaac	Pair Corr
0.59	ZPTA	Zapata Computing Holdings	Pair Corr
0.55	LNU	Linius Technologies	Pair Corr
0.69	NBVA	Nubeva Technologies	Pair Corr
0.6	MTLS	Materialise NV	Pair Corr
0.58	MGIC	Magic Software Enter	Pair Corr
0.51	EXT	Excite Technology	Pair Corr

Related Correlations Analysis

	BSY	DT	U	FFIV	GTM	MANH	KSPI	OKTA	DUOL	PEGA
BSY		0.89	-0.28	0.83	0.74	0.84	0.53	0.81	0.91	0.28	BSY
DT	0.89		-0.41	0.64	0.71	0.65	0.32	0.75	0.83	0.46	DT
U	-0.28	-0.41		-0.05	0.17	0.05	0.49	0.09	-0.32	0.13	U
FFIV	0.83	0.64	-0.05		0.54	0.93	0.63	0.81	0.9	0.02	FFIV
GTM	0.74	0.71	0.17	0.54		0.71	0.71	0.67	0.57	0.56	GTM
MANH	0.84	0.65	0.05	0.93	0.71		0.8	0.75	0.83	0.04	MANH
KSPI	0.53	0.32	0.49	0.63	0.71	0.8		0.59	0.42	0.11	KSPI
OKTA	0.81	0.75	0.09	0.81	0.67	0.75	0.59		0.79	0.37	OKTA
DUOL	0.91	0.83	-0.32	0.9	0.57	0.83	0.42	0.79		0.17	DUOL
PEGA	0.28	0.46	0.13	0.02	0.56	0.04	0.11	0.37	0.17		PEGA
	BSY	DT	U	FFIV	GTM	MANH	KSPI	OKTA	DUOL	PEGA

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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

MANH	+ 0.93	FFIV
DUOL	+ 0.91	BSY
DUOL	+ 0.9	FFIV
DT	+ 0.89	BSY
MANH	+ 0.84	BSY
FFIV	+ 0.83	BSY

High negative correlations

U	- 0.41	DT
DUOL	- 0.32	U
U	- 0.28	BSY
FFIV	- 0.05	U

Risk-Adjusted Indicators

There is a big difference between DocuSign Stock performing well and DocuSign 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 DocuSign'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
BSY	1.39	(0.48)	0.00	(0.35)	0.00	0.00	2.70	(3.09)	14.39
DT	1.28	(0.14)	0.00	(0.14)	0.00	0.00	2.68	(2.81)	8.63
U	3.10	0.02	0.03	0.08	3.75	(3.18)	7.12	(6.75)	25.31
FFIV	1.57	(0.42)	0.00	(0.35)	0.00	0.00	2.68	(3.62)	14.28
GTM	1.81	(0.33)	0.00	(0.16)	0.00	0.00	3.87	(4.63)	10.86
MANH	1.31	(0.42)	0.00	(0.34)	0.00	0.00	1.96	(3.39)	9.96
KSPI	1.32	(0.24)	0.00	(0.11)	0.00	0.00	3.31	(2.60)	8.17
OKTA	1.36	(0.11)	0.00	(0.02)	0.00	0.00	3.52	(3.01)	8.63
DUOL	2.98	(0.71)	0.00	(0.32)	0.00	0.00	6.04	(5.63)	34.02
PEGA	1.70	0.00	0.00	0.07	2.06	(1.72)	4.12	(3.61)	19.04

DocuSign Corporate Management

Pascal Colin	MD VP	Profile
Amy SkeetersBehrens	Executive Impact	Profile
Dmitri Krakovsky	Chief Officer	Profile
Anwar Akram	Chief Officer	Profile

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