Dropbox, Inc. Class A (DBX) — Stock Correlations & Overview
Over the past year, DBX has moved most closely with GEN, CLOU, BOX. Explore the stocks most correlated and inversely correlated with DBX below, along with its price, financials, and company profile.
Stocks correlated with DBX
Correlation of daily returns. Higher positive values move with DBX; negative values move opposite it. Informational only, not investment advice.
Most correlated with DBX
| Symbol | Company | Correlation |
|---|---|---|
| GEN | Gen Digital Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.64 |
| CLOU | Global X Cloud Computing ETF | 0.63 |
| BOX | BOX, INC.SERVICES-PREPACKAGED SOFTWARE | 0.61 |
| WCLD | WisdomTree Cloud Computing Fund | 0.61 |
| WDAY | Workday, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.59 |
Most inversely correlated with DBX
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.44 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.41 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.38 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.38 |
| VOLT | Tema Electrification ETFSERVICES-HELP SUPPLY SERVICES | -0.35 |
Frequently asked questions about DBX correlations
- Which stocks are most correlated with DBX?
- Based on one year of daily returns, the stocks most correlated with Dropbox, Inc. Class A (DBX) are GEN (0.64), CLOU (0.63) and BOX (0.61). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with DBX?
- Over the past year, the stocks most inversely correlated with Dropbox, Inc. Class A (DBX) are HDGE (-0.44), WEBS (-0.41) and PALD (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these DBX correlations calculated?
- We compute the correlation of daily returns between DBX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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