Evolv Technologies Correlations

EVLV Stock

USD 5.78 0.24 3.99%

The current 90-days correlation between Evolv Technologies and Tianjin Capital Environmental is -0.06 (i.e., Good diversification). The correlation of Evolv Technologies 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.

Evolv Technologies Correlation With Market

Weak diversification

The correlation between Evolv Technologies Holdings and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evolv Technologies Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Evolv Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evolv Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Evolv Stock

0.86	KN	Knowles Cor	Pair Corr
0.84	UI	Ubiquiti Networks	Pair Corr
0.67	AMPGW	AmpliTech Group	Pair Corr
0.67	VSAT	ViaSat Inc	Pair Corr
0.74	ERIC	Telefonaktiebolaget Earnings Call This Week	Pair Corr
0.93	EXTR	Extreme Networks	Pair Corr
0.83	FEIM	Frequency Electronics	Pair Corr
0.81	CDW	CDW Corp	Pair Corr
0.74	VSH	Vishay Intertechnology	Pair Corr
0.93	WDC	Western Digital	Pair Corr
0.91	LASR	nLIGHT Inc	Pair Corr
0.81	MINM	Minim Inc	Pair Corr
0.83	NTGR	NETGEAR	Pair Corr
0.88	RDCM	Radcom	Pair Corr
0.82	SSYS	Stratasys	Pair Corr
0.81	BOSC	BOS Better Online	Pair Corr
0.81	CRSR	Corsair Gaming Potential Growth	Pair Corr
0.89	CSCO	Cisco Systems	Pair Corr
0.86	DIOD	Diodes Incorporated	Pair Corr
0.91	KD	Kyndryl Holdings	Pair Corr
0.87	MU	Micron Technology	Pair Corr
0.88	MX	MagnaChip Semiconductor	Pair Corr
0.83	ON	ON Semiconductor	Pair Corr
0.84	PI	Impinj Inc	Pair Corr

Moving against Evolv Stock

0.88	FKWL	Franklin Wireless Corp	Pair Corr
0.82	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.42	VIAV	Viavi Solutions	Pair Corr
0.41	EHGO	Eshallgo Class A	Pair Corr
0.93	STAI	ScanTech AI Systems	Pair Corr
0.86	FI	Fiserv,	Pair Corr
0.6	WOLF	Wolfspeed Buyout Trend	Pair Corr
0.6	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	TNJIF	TFII	FSTR	BLSFY	SECVY	UAL	ATI	PKX
TNJIF		0.64	0.44	0.2	0.55	0.56	0.72	0.63	TNJIF
TFII	0.64		0.38	0.66	0.83	0.83	0.89	0.53	TFII
FSTR	0.44	0.38		0.02	0.06	0.24	0.25	0.77	FSTR
BLSFY	0.2	0.66	0.02		0.72	0.72	0.7	0.26	BLSFY
SECVY	0.55	0.83	0.06	0.72		0.85	0.93	0.33	SECVY
UAL	0.56	0.83	0.24	0.72	0.85		0.9	0.48	UAL
ATI	0.72	0.89	0.25	0.7	0.93	0.9		0.49	ATI
PKX	0.63	0.53	0.77	0.26	0.33	0.48	0.49		PKX
	TNJIF	TFII	FSTR	BLSFY	SECVY	UAL	ATI	PKX

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Risk-Adjusted Indicators

There is a big difference between Evolv Stock performing well and Evolv Technologies 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 Evolv Technologies' 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
TNJIF	0.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.56
TFII	1.95	0.23	0.10	0.33	2.00	(2.34)	4.76	(3.54)	17.34
FSTR	1.89	0.23	0.09	0.30	2.59	(2.04)	4.35	(3.94)	18.32
BLSFY	1.98	0.14	0.01	(19.50)	2.67	(3.58)	7.10	(4.49)	17.67
SECVY	0.90	0.45	0.00	(7.31)	0.00	0.00	0.00	0.00	30.09
UAL	2.95	0.13	0.06	0.15	4.38	(3.00)	5.39	(5.49)	37.55
ATI	2.20	0.66	0.20	0.46	2.85	(2.51)	6.96	(3.20)	20.63
PKX	1.93	0.20	0.09	0.32	1.91	(2.28)	5.05	(3.44)	14.43

Evolv Technologies Corporate Management

Brian Norris	Senior Relations	Profile
Mark Donohue	Chief Officer	Profile
Parag Vaish	Chief Officer	Profile
Alec Rose	Chief Scientist	Profile
Jay Muelhoefer	Chief Officer	Profile

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