Dolby Laboratories, Inc.Class A (DLB) — Stock Correlations & Overview
Over the past year, DLB has moved most closely with PWP, FCFY, KONG. Explore the stocks most correlated and inversely correlated with DLB below, along with its price, financials, and company profile.
Stocks correlated with DLB
Correlation of daily returns. Higher positive values move with DLB; negative values move opposite it. Informational only, not investment advice.
Most correlated with DLB
| Symbol | Company | Correlation |
|---|---|---|
| PWP | Perella Weinberg Partners Class A Common StockFINANCE SERVICES | 0.47 |
| FCFY | First Trust S&P 500 Diversified Free Cash Flow ETF | 0.44 |
| KONG | Formidable Fortress ETF | 0.42 |
| MOAT | VanEck Morningstar Wide Moat ETF | 0.42 |
| OUSM | ALPS O'Shares U.S. Small-Cap Quality Dividend ETF | 0.42 |
Most inversely correlated with DLB
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.40 |
| KPTI | Karyopharm Therapeutics Inc.PHARMACEUTICAL PREPARATIONS | -0.37 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.37 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.36 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.35 |
Frequently asked questions about DLB correlations
- Which stocks are most correlated with DLB?
- Based on one year of daily returns, the stocks most correlated with Dolby Laboratories, Inc.Class A (DLB) are PWP (0.47), FCFY (0.44) and KONG (0.42). 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 DLB?
- Over the past year, the stocks most inversely correlated with Dolby Laboratories, Inc.Class A (DLB) are HDGE (-0.40), KPTI (-0.37) and SCC (-0.37). 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 DLB correlations calculated?
- We compute the correlation of daily returns between DLB 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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