Dropbox Correlations
| 1Q5 Stock | 22.80 0.40 1.79% |
The current 90-days correlation between Dropbox and Perusahaan Perseroan PT is -0.1 (i.e., Good 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
Pay attention - limited upside
The correlation between Dropbox and DJI is -0.85 (i.e., Pay attention - limited upside) 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.
Dropbox |
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 against Dropbox Stock
| 0.89 | W25 | West African Resources | PairCorr |
| 0.86 | CHV | Chevron | PairCorr |
| 0.83 | P7T | PT Bank Pembangunan | PairCorr |
| 0.83 | KOM1 | KOMATSU | PairCorr |
| 0.81 | LTT | Lattice Semiconductor | PairCorr |
| 0.79 | 32GA | Thunderbird Entertainment | PairCorr |
| 0.79 | TEQ | Telenor ASA | PairCorr |
| 0.77 | KIN2 | Kinross Gold | PairCorr |
| 0.76 | 4OQ1 | AGNC Investment Corp | PairCorr |
| 0.73 | BRE | Banco Bradesco SA | PairCorr |
| 0.69 | KPN | Koninklijke KPN NV | PairCorr |
| 0.68 | V1L | Valero Energy | PairCorr |
| 0.68 | EMD | ENM Holdings Limited | PairCorr |
| 0.66 | RBG | ROTTNEROS | PairCorr |
| 0.62 | L3XC | Centrais Elétricas | PairCorr |
| 0.61 | D2G | Orsted AS | PairCorr |
| 0.58 | UK8 | CubeSmart | PairCorr |
| 0.57 | SQUA | VINCI SA EO | PairCorr |
| 0.54 | CE9 | CAE Inc | PairCorr |
| 0.49 | WNI | WHITE MTNS INS | PairCorr |
| 0.42 | 4QVA | Siamgas and Petroche | PairCorr |
| 0.91 | 1WT | WisdomTree Investments | PairCorr |
| 0.89 | WHX | APRANGA AB EO | PairCorr |
| 0.88 | ODF | Old Dominion Freight | PairCorr |
| 0.86 | NE0 | NEXA RESOURCES SA | PairCorr |
| 0.86 | GWW | WW Grainger | PairCorr |
| 0.84 | SHG | Sun Hung Kai | PairCorr |
| 0.8 | FPP0 | ALTYNGOLD PLC LS | PairCorr |
| 0.77 | TEX | Castellum AB | PairCorr |
| 0.76 | FUCA | FANUC PUNSPADR 110 | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PQ90 | 3.30 | 0.22 | 0.03 | 0.55 | 4.46 | 11.49 | 44.86 | |||
| PQ9 | 5.93 | 0.27 | 0.03 | 0.11 | 6.74 | 18.18 | 40.26 | |||
| BYRA | 3.85 | 0.29 | 0.03 | (0.12) | 4.23 | 11.11 | 26.67 | |||
| SSUN | 2.79 | 0.85 | 0.23 | 1.19 | 2.82 | 7.14 | 14.94 | |||
| SSU | 2.92 | 1.02 | 0.32 | 2.80 | 2.55 | 7.66 | 15.03 | |||
| SSUN | 2.71 | 0.88 | 0.21 | (2.78) | 2.99 | 6.10 | 18.71 | |||
| SSU | 2.90 | 1.00 | 0.31 | (12.87) | 2.34 | 7.05 | 19.53 | |||
| BZG2 | 3.11 | (0.14) | 0.00 | (0.59) | 0.00 | 8.33 | 22.82 | |||
| TCID | 4.29 | (0.03) | 0.00 | (0.03) | 0.00 | 12.50 | 35.42 | |||
| PTI | 1.46 | (0.16) | 0.00 | (0.36) | 0.00 | 2.81 | 16.77 |
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 Top Crypto Exchanges Now
Top Crypto ExchangesSearch and analyze digital assets across top global cryptocurrency exchanges |
| 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 | |
| Sarah Schubach | Chief Officer | Profile | |
| Ali Dasdan | Chief Officer | Profile | |
| Adam Nash | VP Product | Profile | |
| Lev Finkelstein | VP Strategy | Profile |