Eventbrite Correlations

EB Stock

USD 4.46 0.02 0.45%

The current 90-days correlation between Eventbrite Class A and ON24 Inc is 0.01 (i.e., Significant diversification). The correlation of Eventbrite 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.

Eventbrite Correlation With Market

Average diversification

The correlation between Eventbrite Class A and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eventbrite Class A and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Eventbrite Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eventbrite Class A. 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 labor statistics.

Moving together with Eventbrite Stock

0.78	JOYY	JOYY Inc Symbol Change	Pair Corr
0.87	CARS	Cars Inc	Pair Corr
0.79	WSFS	WSFS Financial	Pair Corr
0.83	CNI	Canadian National Railway	Pair Corr
0.79	MIELF	Mitsubishi Electric	Pair Corr
0.72	LOCO	El Pollo Loco	Pair Corr
0.83	ALRS	Alerus Financial Corp Normal Trading	Pair Corr
0.84	NMIH	NMI Holdings	Pair Corr
0.81	KGC	Kinross Gold Aggressive Push	Pair Corr
0.69	ACR-PC	ACRES Commercial Realty	Pair Corr
0.8	ATI	Allegheny Technologies	Pair Corr
0.73	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.77	PAOG	Pao Group	Pair Corr
0.61	F	Ford Motor Aggressive Push	Pair Corr
0.91	ACN	Accenture plc	Pair Corr

Moving against Eventbrite Stock

0.9	ROBOF	RoboGroup TEK	Pair Corr
0.86	AUTO	Auto Trader Group	Pair Corr
0.8	YQ	17 Education Technology Downward Rally	Pair Corr
0.8	EGLX	Enthusiast Gaming	Pair Corr
0.75	IPM	Intelligent Protection	Pair Corr
0.71	WBTN	WEBTOON Entertainment	Pair Corr
0.7	DAR	Darelle Online Solutions	Pair Corr
0.63	EQC	Equity Commonwealth	Pair Corr
0.46	CDIV	Cascadia Investments	Pair Corr
0.44	WB	Weibo Corp	Pair Corr
0.34	GTM	ZoomInfo Technologies Symbol Change	Pair Corr

Related Correlations Analysis

	ONTF	ASUR	DUOT	EGHT	KLTR	AZ	IMMR	SMRT	WALD	MRT
ONTF		0.7	0.4	0.09	0.21	0.42	-0.17	0.48	-0.42	-0.41	ONTF
ASUR	0.7		0.37	0.3	0.4	0.28	0.04	0.64	-0.57	-0.49	ASUR
DUOT	0.4	0.37		0.31	0.06	0.17	0.06	0.44	-0.11	0.05	DUOT
EGHT	0.09	0.3	0.31		0.42	-0.35	0.19	0.69	0.01	0.03	EGHT
KLTR	0.21	0.4	0.06	0.42		-0.34	-0.1	0.42	-0.28	-0.21	KLTR
AZ	0.42	0.28	0.17	-0.35	-0.34		0.37	-0.15	-0.32	-0.18	AZ
IMMR	-0.17	0.04	0.06	0.19	-0.1	0.37		0.02	-0.13	0.1	IMMR
SMRT	0.48	0.64	0.44	0.69	0.42	-0.15	0.02		0.02	-0.34	SMRT
WALD	-0.42	-0.57	-0.11	0.01	-0.28	-0.32	-0.13	0.02		0.16	WALD
MRT	-0.41	-0.49	0.05	0.03	-0.21	-0.18	0.1	-0.34	0.16		MRT
	ONTF	ASUR	DUOT	EGHT	KLTR	AZ	IMMR	SMRT	WALD	MRT

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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

ASUR	+ 0.7	ONTF
SMRT	+ 0.69	EGHT
SMRT	+ 0.64	ASUR
SMRT	+ 0.48	ONTF
SMRT	+ 0.44	DUOT
AZ	+ 0.42	ONTF

High negative correlations

WALD	- 0.57	ASUR
MRT	- 0.49	ASUR
WALD	- 0.42	ONTF
MRT	- 0.41	ONTF
AZ	- 0.35	EGHT
MRT	- 0.34	SMRT

Risk-Adjusted Indicators

There is a big difference between Eventbrite Stock performing well and Eventbrite 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 Eventbrite'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
ONTF	2.42	0.67	0.23	(1.09)	1.88	(3.17)	4.60	(3.75)	38.78
ASUR	1.62	0.14	0.08	0.20	1.65	(1.97)	3.22	(3.50)	13.40
DUOT	3.65	0.37	0.08	0.46	4.25	(3.71)	7.81	(7.61)	23.66
EGHT	2.42	(0.09)	0.00	0.04	3.15	(2.66)	4.23	(4.84)	34.75
KLTR	3.23	0.08	0.02	0.15	3.70	(3.86)	8.22	(6.70)	32.77
AZ	3.58	(0.11)	0.01	0.04	4.90	(3.51)	7.60	(7.12)	25.03
IMMR	1.90	(0.26)	0.00	(0.04)	0.00	0.00	5.01	(4.01)	22.38
SMRT	2.49	0.39	0.17	0.53	2.09	(3.32)	6.43	(4.06)	19.63
WALD	3.79	(0.29)	0.00	0.89	0.00	0.00	7.58	(7.46)	33.33
MRT	2.26	(0.13)	0.00	(0.14)	0.00	0.00	7.59	(4.26)	20.77

Eventbrite Corporate Executives

Elected by the shareholders, the Eventbrite's board of directors comprises two types of representatives: Eventbrite inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eventbrite. The board's role is to monitor Eventbrite's management team and ensure that shareholders' interests are well served. Eventbrite's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eventbrite's outside directors are responsible for providing unbiased perspectives on the board's policies.

Renaud Visage	Co-Founder and Chief Technology Officer	Profile
Charles Baker	Chief Financial Officer, Principal Accounting Officer	Profile
Lanny Baker	Chief Financial Officer	Profile
Vivek Sagihas	Chief Technology Officer	Profile

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