DCBO vs DV: Correlation
How closely do Docebo Inc. (DCBO) and DoubleVerify Holdings, Inc. (DV) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCBO and DV?
Over the past 3 years, DCBO and DV moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 1229.6 %².
DV is one of the assets that tracks DCBO most closely: it ranks #1 out of the 12 assets we track against DCBO. Twelve-month performance is nearly a tie, at -18.1% for DCBO and -18.0% for DV.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DCBO vs DV: side by side
| DCBO (Docebo Inc.) | DV (DoubleVerify Holdings, Inc.) | |
|---|---|---|
| 1-year return | -18.1% | -18.0% |
| 5-year return | -69.8% | -62.1% |
| Volatility (ann.) | 45.4% | 51.0% |
| Beta vs S&P 500 | 1.27 | 1.13 |
| Max drawdown (3Y) | -73.0% | -79.7% |
| Market cap | $0.6B | $2.1B |
| P/E (trailing) | 22.1 | 38.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCBO | DV |
|---|---|---|
| 2022 | -50.8% | -34.0% |
| 2023 | +46.0% | +67.5% |
| 2024 | -7.5% | -47.8% |
| 2025 | -50.4% | -40.4% |
| 2026 | +14.3% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCBO and DV good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DCBO and DV?
As of 2026-08-27, the correlation of weekly returns between DCBO and DV is 0.53 over 3 years, 0.55 over 1 year and 0.52 over 5 years.
Is DV a good diversifier for DCBO?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dcbo-vs-dv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dcbo-vs-dv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DCBO correlations · DV correlations
