Duolingo Correlations

DUOL Stock

USD 351.97 10.37 3.04%

The current 90-days correlation between Duolingo and Bill Com Holdings is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Duolingo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duolingo moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Duolingo Correlation With Market

Very weak diversification

The correlation between Duolingo and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duolingo and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Duolingo. 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 information on how to buy Duolingo Stock please use our How to buy in Duolingo Stock guide.

Moving together with Duolingo Stock

0.71	U	Unity Software Trending	Pair Corr
0.62	DJCO	Daily Journal Corp	Pair Corr
0.75	AI	C3 Ai Inc Trending	Pair Corr
0.81	AZ	A2Z Smart Technologies	Pair Corr
0.91	BL	Blackline	Pair Corr
0.79	DT	Dynatrace Holdings LLC	Pair Corr
0.78	QH	Quhuo	Pair Corr
0.76	WK	Workiva	Pair Corr
0.7	ZM	Zoom Video Communications Earnings Call Today	Pair Corr
0.88	DOCU	DocuSign	Pair Corr
0.84	VERX	Vertex	Pair Corr
0.87	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.86	DUOT	Duos Technologies Downward Rally	Pair Corr
0.77	EGHT	8x8 Common Stock	Pair Corr
0.68	DIDIY	Didi Global ADR	Pair Corr
0.9	ENFN	Enfusion	Pair Corr

Moving against Duolingo Stock

0.79	VERB	VERB TECHNOLOGY PANY Trending	Pair Corr
0.71	ILLRW	Triller Group Symbol Change	Pair Corr
0.56	DMAN	Innovativ Media Group	Pair Corr
0.54	VCSA	Vacasa Inc	Pair Corr
0.35	VTEX	VTEX	Pair Corr
0.88	EVOL	Evolving Systems	Pair Corr
0.75	ETWO	E2open Parent Holdings	Pair Corr
0.71	SBIGW	SpringBig Holdings	Pair Corr
0.62	EZFL	EzFill Holdings	Pair Corr
0.6	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.59	EGAN	eGain	Pair Corr
0.56	ELCO	Elcom International	Pair Corr
0.5	WRNT	Warrantee American	Pair Corr
0.5	BMR	Beamr Imaging	Pair Corr
0.48	WBTN	WEBTOON Entertainment	Pair Corr

Related Correlations Analysis

	BILL	DDOG	ASAN	GTLB	TEAM	PAYC	NOW	TTD	MNDY	SNOW
BILL		0.66	0.7	0.82	0.92	0.86	0.84	0.7	0.05	0.76	BILL
DDOG	0.66		0.46	0.66	0.78	0.59	0.8	0.85	0.55	0.83	DDOG
ASAN	0.7	0.46		0.41	0.66	0.66	0.43	0.4	-0.01	0.63	ASAN
GTLB	0.82	0.66	0.41		0.87	0.79	0.86	0.75	0.29	0.7	GTLB
TEAM	0.92	0.78	0.66	0.87		0.91	0.91	0.86	0.35	0.73	TEAM
PAYC	0.86	0.59	0.66	0.79	0.91		0.83	0.74	0.28	0.61	PAYC
NOW	0.84	0.8	0.43	0.86	0.91	0.83		0.92	0.47	0.69	NOW
TTD	0.7	0.85	0.4	0.75	0.86	0.74	0.92		0.67	0.63	TTD
MNDY	0.05	0.55	-0.01	0.29	0.35	0.28	0.47	0.67		0.17	MNDY
SNOW	0.76	0.83	0.63	0.7	0.73	0.61	0.69	0.63	0.17		SNOW
	BILL	DDOG	ASAN	GTLB	TEAM	PAYC	NOW	TTD	MNDY	SNOW

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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

TEAM	+ 0.92	BILL
TTD	+ 0.92	NOW
PAYC	+ 0.91	TEAM
NOW	+ 0.91	TEAM
TEAM	+ 0.87	GTLB
PAYC	+ 0.86	BILL

High negative correlations

MNDY

- 0.01

ASAN

Risk-Adjusted Indicators

There is a big difference between Duolingo Stock performing well and Duolingo 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 Duolingo'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
BILL	2.48	0.73	0.38	0.53	1.57	(3.06)	7.45	(2.97)	20.98
DDOG	1.68	0.34	0.18	0.47	1.59	(1.99)	4.39	(2.63)	8.50
ASAN	2.14	(0.02)	0.06	0.11	2.40	(2.36)	5.67	(4.94)	10.82
GTLB	2.25	0.39	0.22	0.33	1.83	(2.75)	5.93	(3.26)	26.58
TEAM	2.01	0.64	0.42	0.55	1.16	(2.75)	3.90	(2.40)	22.97
PAYC	1.55	0.50	0.36	0.79	0.80	(1.98)	3.35	(2.24)	23.48
NOW	1.34	0.26	0.19	0.36	1.17	(1.64)	3.04	(2.24)	8.12
TTD	1.50	0.23	0.11	0.34	1.78	(1.64)	3.36	(3.12)	12.33
MNDY	1.98	(0.04)	0.01	0.10	3.56	(1.94)	5.04	(3.23)	21.57
SNOW	2.09	0.40	0.24	0.32	1.62	(2.32)	4.20	(3.40)	8.92

Duolingo Corporate Management

Stephen Chen	General Counsel	Profile
Linda Simensky	Head Content	Profile
Sam Dalsimer	Global Communications	Profile
Molly Lindsay	Chief Officer	Profile
Robert Meese	Chief Officer	Profile
Kendra Ross	Head Impact	Profile
Cambria Dunaway	Chief Officer	Profile

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