Datadog Correlations

DDOG Stock

USD 149.84 3.28 2.24%

The current 90-days correlation between Datadog and Unity Software is -0.1 (i.e., Good diversification). The correlation of Datadog 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.

Datadog Correlation With Market

Weak diversification

The correlation between Datadog and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Datadog and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Datadog Stock

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

For more detail on how to invest in Datadog Stock please use our How to Invest in Datadog guide.

Moving together with Datadog Stock

0.78	U	Unity Software	Pair Corr
0.8	AI	C3 Ai Inc	Pair Corr
0.73	DT	Dynatrace Holdings LLC Sell-off Trend	Pair Corr
0.63	DV	DoubleVerify Holdings	Pair Corr
0.79	VS	Versus Systems	Pair Corr
0.63	DOMO	Domo Inc	Pair Corr
0.67	VTEX	VTEX	Pair Corr
0.71	EGAN	eGain	Pair Corr
0.68	ELWS	Earlyworks Co,	Pair Corr
0.62	ETWO	E2open Parent Holdings	Pair Corr
0.8	API	Agora Inc	Pair Corr

Moving against Datadog Stock

0.73	VERX	Vertex	Pair Corr
0.39	DOCU	DocuSign	Pair Corr
0.31	WK	Workiva Earnings Call This Week	Pair Corr
0.83	WETO	Webus International	Pair Corr
0.7	VMEO	Vimeo Inc Earnings Call This Week	Pair Corr
0.58	EPWK	EPWK Holdings	Pair Corr
0.42	DUOL	Duolingo	Pair Corr
0.42	WALDW	Waldencast Acquisition	Pair Corr
0.33	WDAY	Workday	Pair Corr
0.32	WALD	Waldencast Acquisition	Pair Corr
0.73	FRGT	Freight Technologies	Pair Corr
0.62	FICO	Fair Isaac Earnings Call This Week	Pair Corr
0.41	EXFY	Expensify	Pair Corr
0.37	DSP	Viant Technology	Pair Corr

Related Correlations Analysis

	SHOP	NOW	U	SNOW	WDAY	CRM	INTU	TEAM	HUBS	TTD
SHOP		0.39	0.82	0.8	-0.17	-0.03	0.78	-0.45	-0.5	0.82	SHOP
NOW	0.39		-0.03	0.52	0.55	0.66	0.47	0.19	0.28	0.55	NOW
U	0.82	-0.03		0.59	-0.41	-0.37	0.61	-0.48	-0.58	0.62	U
SNOW	0.8	0.52	0.59		-0.26	-0.13	0.96	-0.52	-0.61	0.74	SNOW
WDAY	-0.17	0.55	-0.41	-0.26		0.84	-0.29	0.53	0.81	0.12	WDAY
CRM	-0.03	0.66	-0.37	-0.13	0.84		-0.23	0.54	0.77	0.19	CRM
INTU	0.78	0.47	0.61	0.96	-0.29	-0.23		-0.5	-0.64	0.7	INTU
TEAM	-0.45	0.19	-0.48	-0.52	0.53	0.54	-0.5		0.72	-0.32	TEAM
HUBS	-0.5	0.28	-0.58	-0.61	0.81	0.77	-0.64	0.72		-0.23	HUBS
TTD	0.82	0.55	0.62	0.74	0.12	0.19	0.7	-0.32	-0.23		TTD
	SHOP	NOW	U	SNOW	WDAY	CRM	INTU	TEAM	HUBS	TTD

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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

INTU	+ 0.96	SNOW
CRM	+ 0.84	WDAY
U	+ 0.82	SHOP
TTD	+ 0.82	SHOP
HUBS	+ 0.81	WDAY
SNOW	+ 0.8	SHOP

High negative correlations

HUBS	- 0.64	INTU
HUBS	- 0.61	SNOW
HUBS	- 0.58	U
TEAM	- 0.52	SNOW
TEAM	- 0.5	INTU
HUBS	- 0.5	SHOP

Risk-Adjusted Indicators

There is a big difference between Datadog Stock performing well and Datadog 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 Datadog'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
SHOP	2.34	0.71	0.18	(2.26)	1.97	(2.69)	5.63	(3.86)	18.01
NOW	1.46	0.12	0.12	0.30	1.16	(1.76)	3.63	(2.27)	19.99
U	3.09	1.15	0.24	(0.74)	2.38	(3.83)	7.62	(5.08)	19.02
SNOW	1.49	0.51	0.34	0.75	0.62	(1.65)	4.41	(1.67)	16.92
WDAY	1.23	(0.10)	(0.02)	0.12	2.72	(1.09)	2.46	(2.45)	17.86
CRM	1.20	(0.12)	(0.03)	0.11	1.40	(1.20)	2.91	(2.57)	9.31
INTU	1.06	0.44	0.28	2.00	0.42	(1.30)	2.59	(1.52)	10.80
TEAM	2.01	(0.19)	(0.04)	0.04	3.07	(1.95)	3.98	(5.42)	17.51
HUBS	1.85	(0.31)	(0.04)	0.04	2.66	(1.78)	3.88	(3.96)	16.15
TTD	2.21	0.82	0.29	1.61	1.64	(2.51)	6.37	(3.36)	25.09

Datadog Corporate Management

Bryan Lee	Senior Manager	Profile
David Obstler	Chief Officer	Profile
Emilio Escobar	Chief Officer	Profile
Kerry JD	General Secretary	Profile
Alex Rosemblat	Chief Officer	Profile
Angie Holt	Senior Success	Profile

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