Eventbrite Correlations

Stocks . USA . 
Stock . Eventbrite Class A
EB Stock  USD 4.42  0.01  0.23%   
The current 90-days correlation between Eventbrite Class A and ON24 Inc is -0.01 (i.e., Good 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 0.77 (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 various price indices.

Moving together with Eventbrite Stock

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Moving against Eventbrite Stock

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  0.5539M MoneysupermarketPairCorr
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  0.46OCG Oriental Culture HoldingPairCorr
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  0.57BMBL Bumble IncPairCorr
  0.48TTOO T2 BiosystemsPairCorr

Related Correlations Analysis


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
+ 0.86
ONTF
AZ
+ 0.7
ONTF
AZ
+ 0.65
DUOT
AZ
+ 0.59
ASUR
DUOT
+ 0.58
ONTF
MRT
+ 0.53
EGHT
  

High negative correlations

MRT
- 0.8
ONTF
MRT
- 0.72
ASUR
WALD
- 0.67
ASUR
WALD
- 0.57
ONTF
EGHT
- 0.51
ONTF
AZ
- 0.5
EGHT

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ONTF  2.15  0.61  0.29  0.57  1.42 
(3.06)
 4.60 
(3.14)
 38.78 
ASUR  1.86  0.18  0.08  0.14  2.25 
(2.11)
 3.92 
(3.51)
 17.19 
DUOT  3.60 (0.03) 0.00 (0.04) 0.00 
 0.00 
 7.81 
(7.20)
 23.92 
EGHT  2.48 (0.24) 0.00 (0.09) 0.00 
 0.00 
 4.40 
(4.84)
 34.75 
KLTR  3.40  0.08  0.02  0.08  3.94 
(3.89)
 8.16 
(6.70)
 32.77 
AZ  3.58 (0.12) 0.00 (0.01) 0.00 
 0.00 
 7.60 
(7.74)
 25.03 
IMMR  1.76 (0.03) 0.00  0.01  2.09 
(2.27)
 4.57 
(3.90)
 22.47 
SMRT  2.33  0.18  0.07  0.29  2.16 
(3.29)
 5.75 
(4.06)
 21.69 
WALD  3.81  0.06  0.00 (0.06) 4.24 
(4.54)
 10.14 
(6.49)
 33.33 
MRT  2.10 (0.24) 0.00 (0.82) 0.00 
 0.00 
 4.98 
(4.02)
 20.93 

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 VisageCo-Founder and Chief Technology OfficerProfile
Charles BakerChief Financial Officer, Principal Accounting OfficerProfile
Lanny BakerChief Financial OfficerProfile
Vivek SagihasChief Technology OfficerProfile
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