Datadog Stock Beta

DDOG Stock  USD 123.51  0.06  0.05%   
Datadog fundamentals help investors to digest information that contributes to Datadog's financial success or failures. It also enables traders to predict the movement of Datadog Stock. The fundamental analysis module provides a way to measure Datadog's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Datadog stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Datadog Beta Analysis

Datadog's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
 2021 2022 2023 2024 (projected)
Gross Profit794.5M1.3B1.7B1.8B
Total Revenue1.0B1.7B2.1B2.2B

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Datadog Beta

    
  1.17  
Most of Datadog's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Datadog is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Datadog Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Datadog is extremely important. It helps to project a fair market value of Datadog Stock properly, considering its historical fundamentals such as Beta. Since Datadog's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Datadog's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Datadog's interrelated accounts and indicators.
0.940.920.920.950.890.8-0.90.760.980.90.880.940.780.910.980.931.01.00.990.750.830.94
0.940.860.920.880.850.78-0.960.640.970.870.910.90.760.860.950.920.940.930.910.690.930.94
0.920.860.80.90.970.77-0.880.90.90.970.90.990.770.950.880.980.920.930.920.660.720.87
0.920.920.80.810.810.78-0.820.630.910.820.90.820.770.810.940.860.910.90.880.80.940.95
0.950.880.90.810.790.64-0.90.660.940.810.740.930.850.80.890.860.960.960.970.670.720.91
0.890.850.970.810.790.82-0.840.940.861.00.950.950.650.970.890.990.880.880.860.650.750.82
0.80.780.770.780.640.82-0.770.710.750.830.840.770.640.920.870.830.790.790.780.690.770.65
-0.9-0.96-0.88-0.82-0.9-0.84-0.77-0.63-0.92-0.86-0.86-0.92-0.8-0.86-0.9-0.91-0.91-0.9-0.9-0.66-0.87-0.87
0.760.640.90.630.660.940.71-0.630.720.930.820.850.510.890.740.880.740.760.740.480.50.67
0.980.970.90.910.940.860.75-0.920.720.880.860.920.80.860.970.920.980.980.970.650.850.96
0.90.870.970.820.811.00.83-0.860.930.880.960.960.660.980.90.990.890.890.880.660.770.83
0.880.910.90.90.740.950.84-0.860.820.860.960.90.660.930.910.960.860.860.830.720.90.87
0.940.90.990.820.930.950.77-0.920.850.920.960.90.810.940.90.980.940.940.940.680.770.89
0.780.760.770.770.850.650.64-0.80.510.80.660.660.810.690.750.750.830.80.830.530.730.83
0.910.860.950.810.80.970.92-0.860.890.860.980.930.940.690.920.970.90.90.890.70.760.79
0.980.950.880.940.890.890.87-0.90.740.970.90.910.90.750.920.930.970.980.960.770.880.91
0.930.920.980.860.860.990.83-0.910.880.920.990.960.980.750.970.930.930.930.920.680.820.88
1.00.940.920.910.960.880.79-0.910.740.980.890.860.940.830.90.970.931.01.00.750.820.94
1.00.930.930.90.960.880.79-0.90.760.980.890.860.940.80.90.980.931.01.00.750.810.93
0.990.910.920.880.970.860.78-0.90.740.970.880.830.940.830.890.960.921.01.00.740.780.92
0.750.690.660.80.670.650.69-0.660.480.650.660.720.680.530.70.770.680.750.750.740.720.68
0.830.930.720.940.720.750.77-0.870.50.850.770.90.770.730.760.880.820.820.810.780.720.89
0.940.940.870.950.910.820.65-0.870.670.960.830.870.890.830.790.910.880.940.930.920.680.89
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, Datadog has a Beta of 1.165. This is 9.91% higher than that of the Software sector and significantly higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.

Datadog Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Datadog's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Datadog could also be used in its relative valuation, which is a method of valuing Datadog by comparing valuation metrics of similar companies.
Datadog is currently under evaluation in beta category among related companies.

Datadog Institutional Holders

Institutional Holdings refers to the ownership stake in Datadog that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Datadog's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Datadog's value.
Shares
Geode Capital Management, Llc2023-09-30
4.3 M
American Century Companies Inc2023-12-31
M
Morgan Stanley - Brokerage Accounts2023-09-30
3.6 M
Goldman Sachs Group Inc2023-09-30
3.4 M
Norges Bank2023-12-31
3.2 M
Massachusetts Financial Services Company2023-12-31
2.7 M
1832 Asset Management L.p2023-12-31
2.6 M
Brown Capital Management, Llc2023-12-31
2.5 M
Franklin Resources Inc2023-12-31
2.5 M
Vanguard Group Inc2023-09-30
26.5 M
Blackrock Inc2023-12-31
19.3 M
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Datadog will likely underperform.

Datadog Fundamentals

About Datadog Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Datadog's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Datadog using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Datadog based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Datadog, Inc. provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company was incorporated in 2010 and is headquartered in New York, New York. Datadog Inc operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 3200 people.

Pair Trading with Datadog

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Datadog position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Datadog will appreciate offsetting losses from the drop in the long position's value.

Moving against Datadog Stock

  0.64ML MoneyLion Tech BoostPairCorr
  0.52KC Kingsoft Cloud Holdi Report 3rd of April 2024 PairCorr
  0.49VS Versus Systems Report 3rd of April 2024 PairCorr
  0.43DMAN Innovativ Media GroupPairCorr
The ability to find closely correlated positions to Datadog could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Datadog 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 Datadog - 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 Datadog to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Datadog moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Datadog moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Datadog can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Datadog is a strong investment it is important to analyze Datadog's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Datadog's future performance. For an informed investment choice regarding Datadog Stock, refer to the following important reports:
Check out Datadog Piotroski F Score and Datadog Altman Z Score analysis.
For more detail on how to invest in Datadog Stock please use our How to Invest in Datadog guide.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.

Complementary Tools for Datadog Stock analysis

When running Datadog's price analysis, check to measure Datadog's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Datadog is operating at the current time. Most of Datadog's value examination focuses on studying past and present price action to predict the probability of Datadog's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Datadog's price. Additionally, you may evaluate how the addition of Datadog to your portfolios can decrease your overall portfolio volatility.
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Is Datadog's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Datadog. If investors know Datadog will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Datadog listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.14
Revenue Per Share
6.568
Quarterly Revenue Growth
0.256
Return On Assets
(0.01)
Return On Equity
0.0283
The market value of Datadog is measured differently than its book value, which is the value of Datadog that is recorded on the company's balance sheet. Investors also form their own opinion of Datadog's value that differs from its market value or its book value, called intrinsic value, which is Datadog's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Datadog's market value can be influenced by many factors that don't directly affect Datadog's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Datadog's value and its price as these two are different measures arrived at by different means. Investors typically determine if Datadog is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Datadog's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.