Eventbrite Correlations

EB Stock

USD 4.42 0.01 0.23%

The current 90-days correlation between Eventbrite Class A and So Young International is 0.13 (i.e., Average 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

Poor diversification

The correlation between Eventbrite Class A and DJI is 0.73 (i.e., Poor 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

0.68

IAC

IAC Inc

Pair Corr

Moving against Eventbrite Stock

0.82	3ZD	ZOOMD TECHNOLOGIES LTD	Pair Corr
0.58	TC	TuanChe ADR	Pair Corr
0.55	1PX	PHOENIX NEW MEDADR	Pair Corr
0.52	AD1	Adneo	Pair Corr
0.49	639	Spotify Technology	Pair Corr
0.41	BZ	Kanzhun Ltd ADR	Pair Corr
0.38	WSHP	WeShop Holdings Upward Rally	Pair Corr
0.35	DHX	DHI Group	Pair Corr
0.77	FDV	Frontier Digital Ventures	Pair Corr
0.4	GETY	Getty Images Holdings	Pair Corr
0.38	IPM	Intelligent Protection	Pair Corr
0.34	3JDA	Rightmove PLC Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BZ	EB	MH	SY	TC	WB	YQ	PU11	ABEA	1PX
BZ		-0.41	0.71	-0.26	0.33	-0.15	0.62	-0.49	-0.03	0.83	BZ
EB	-0.41		0.14	-0.23	-0.58	0.49	-0.18	-0.04	0.18	-0.55	EB
MH	0.71	0.14		-0.4	0.03	0.08	0.6	-0.58	0.03	0.54	MH
SY	-0.26	-0.23	-0.4		0.6	-0.44	0.07	0.41	-0.42	0.0	SY
TC	0.33	-0.58	0.03	0.6		-0.56	0.48	0.17	-0.32	0.66	TC
WB	-0.15	0.49	0.08	-0.44	-0.56		-0.23	-0.29	0.72	-0.3	WB
YQ	0.62	-0.18	0.6	0.07	0.48	-0.23		-0.12	-0.07	0.59	YQ
PU11	-0.49	-0.04	-0.58	0.41	0.17	-0.29	-0.12		-0.08	-0.31	PU11
ABEA	-0.03	0.18	0.03	-0.42	-0.32	0.72	-0.07	-0.08		-0.12	ABEA
1PX	0.83	-0.55	0.54	0.0	0.66	-0.3	0.59	-0.31	-0.12		1PX
	BZ	EB	MH	SY	TC	WB	YQ	PU11	ABEA	1PX

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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

1PX	+ 0.83	BZ
ABEA	+ 0.72	WB
MH	+ 0.71	BZ
1PX	+ 0.66	TC
YQ	+ 0.62	BZ
YQ	+ 0.6	MH

High negative correlations

PU11	- 0.58	MH
TC	- 0.58	EB
WB	- 0.56	TC
1PX	- 0.55	EB
PU11	- 0.49	BZ
WB	- 0.44	SY

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
BZ	1.67	(0.41)	0.00	(0.49)	0.00	0.00	3.03	(3.79)	11.97
EB	2.40	1.05	0.75	1.62	0.00	(4.16)	0.45	(0.90)	79.53
MH	2.33	(0.44)	0.00	(0.50)	0.00	0.00	4.04	(4.47)	20.44
SY	2.88	0.10	0.05	0.14	3.62	(2.90)	5.54	(5.80)	21.31
TC	3.43	(0.37)	0.00	0.39	0.00	0.00	7.45	(9.74)	26.70
WB	1.25	(0.01)	(0.02)	0.07	1.35	(1.40)	3.02	(2.31)	9.22
YQ	3.97	(0.30)	0.00	0.23	0.00	0.00	7.01	(7.85)	26.54
PU11	28.69	9.97	0.40	(9.35)	15.97	(64.68)	40.00	(33.33)	432.35
ABEA	1.27	0.07	0.01	0.31	1.31	(1.45)	2.89	(2.46)	8.07
1PX	1.22	(0.35)	0.00	(0.65)	0.00	0.00	1.89	(3.12)	10.78

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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