Eve Holding Correlations

EVEX Stock

USD 4.81 0.26 5.71%

The current 90-days correlation between Eve Holding and Red Cat Holdings is 0.41 (i.e., Very weak diversification). The correlation of Eve Holding 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Eve Holding Correlation With Market

Modest diversification

The correlation between Eve Holding and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eve Holding and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Eve Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eve Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in national income and product accounts.

For more information on how to buy Eve Stock please use our How to Invest in Eve Holding guide.

Moving together with Eve Stock

0.61	BRCK	Brickability Group Plc	Pair Corr
0.81	AZ	A2Z Smart Technologies	Pair Corr
0.77	HY	Hyster Yale Materials	Pair Corr
0.72	688776	Guoguang Electric	Pair Corr
0.66	000777	SUFA Technology Industry	Pair Corr
0.68	TEXRAIL	Texmaco Rail Engineering	Pair Corr
0.68	002795	Yorhe Fluid Intelligent	Pair Corr

Moving against Eve Stock

0.9	301338	GKG Precision Machine	Pair Corr
0.88	601608	CITIC Heavy Industries	Pair Corr
0.79	HI	Hillenbrand	Pair Corr
0.77	PH	Parker Hannifin	Pair Corr
0.74	001319	Winstech Precision Hldg	Pair Corr
0.48	RR	Richtech Robotics Class	Pair Corr
0.44	PL	Planet Labs PBC	Pair Corr
0.87	301053	Yoantion Industrial	Pair Corr
0.84	EAAS	Eenergy Group PLC	Pair Corr
0.8	688190	Qingdao Yunlu Advanced	Pair Corr
0.77	688165	EFORT Intelligent	Pair Corr
0.77	300403	Jiangmen iDear Hanyu	Pair Corr
0.74	688169	Beijing Roborock Tec	Pair Corr
0.68	688392	SBT Ultrasonic Technology	Pair Corr
0.6	600843	Shang Gong Group	Pair Corr
0.57	301028	Xiamen East Asia	Pair Corr
0.56	600666	Aurora Optoelectronics	Pair Corr
0.54	RNO	Renold	Pair Corr
0.41	301317	Xinlei Compressor	Pair Corr
0.88	688003	Suzhou TZTEK Technology	Pair Corr
0.86	300499	Guangzhou Goaland Energy	Pair Corr
0.78	600835	Shanghai Mechanical	Pair Corr
0.76	002774	IFE Elevators	Pair Corr
0.7	601100	Jiangsu Hengli Hydraulic	Pair Corr
0.64	300263	Luoyang Longhua Heat	Pair Corr

Related Correlations Analysis

	EVTL	AVAV	ACHR	RCAT	AGRI	NRSN
EVTL		0.37	0.66	0.25	0.62	0.59	EVTL
AVAV	0.37		0.66	0.85	0.17	-0.04	AVAV
ACHR	0.66	0.66		0.67	0.67	0.5	ACHR
RCAT	0.25	0.85	0.67		0.13	-0.1	RCAT
AGRI	0.62	0.17	0.67	0.13		0.86	AGRI
NRSN	0.59	-0.04	0.5	-0.1	0.86		NRSN
	EVTL	AVAV	ACHR	RCAT	AGRI	NRSN

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NRSN	+ 0.86	AGRI
RCAT	+ 0.85	AVAV
RCAT	+ 0.67	ACHR
AGRI	+ 0.67	ACHR
ACHR	+ 0.66	EVTL
ACHR	+ 0.66	AVAV

High negative correlations

NRSN	- 0.1	RCAT
NRSN	- 0.04	AVAV

Risk-Adjusted Indicators

There is a big difference between Eve Stock performing well and Eve Holding Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Eve Holding's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EVTL	4.43	0.11	0.06	0.07	4.36	(5.74)	10.83	(7.35)	25.87
AVAV	2.24	0.65	0.30	0.76	1.72	(2.76)	4.79	(3.56)	12.17
ACHR	3.53	0.25	0.09	0.13	3.50	(4.55)	8.20	(5.69)	26.40
RCAT	5.35	0.95	0.19	0.27	5.14	(6.57)	13.36	(10.50)	40.92
AGRI	7.61	(0.01)	0.00	0.04	8.33	(11.52)	10.79	(14.25)	164.29
NRSN	4.47	(0.66)	0.00	(0.16)	0.00	0.00	9.52	(7.20)	46.22

Eve Holding Corporate Management

Flavia Pavie	G Officer	Profile
Alice Altissimo	Vice Operation	Profile
Larissa Maraccini	Marketing, People	Profile
Luiz Valentini	Chief Officer	Profile
Lucio Aldworth	Director Relations	Profile
Eduardo Couto	Chief Officer	Profile
Andre Stein	CoChief Officer	Profile

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