DOCN, NYSE

DigitalOcean Holdings, Inc. (DOCN)

Price (as of September 5)

38.41USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

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-0.15

INTA

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-0.11

DOX

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-0.1

INST

Instructure Holdings, Inc.

-0.1

AVPT

AvePoint, Inc.

-0.1

AMSWA

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-0.09

CYRN

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-0.08

EVBG

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-0.08

CINT

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-0.08

BL

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-0.08

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Highest within Industry

Symbol Correlation

HUBS

HubSpot, Inc.

0.7

NOW

ServiceNow, Inc.

0.69

NET

Cloudflare, Inc.

0.68

SNOW

Snowflake Inc.

0.68

ASAN

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0.67

IOT

Samsara Inc.

0.67

TEAM

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0.67

SQ

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0.65

CRWD

CrowdStrike Holdings, Inc.

0.63

SNPS

Synopsys, Inc.

0.63

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Profile

Sector:
Technology
Industry:
Software

DigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. Its platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and medium size businesses. The company offers infrastructure solutions across compute, storage, and networking, as well as enables developers to extend the native capabilities of its cloud with fully managed application, container, and database offerings. Its users include software engineers, researchers, data scientists, system administrators, students, and hobbyists. The company’s customers use its platform in various industry verticals and for a range of use cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, managed services, and others. DigitalOcean Holdings, Inc. was incorporated in 2012 and is headquartered in New York, New York.