Eventbrite Correlations

EB Stock

USD 3.58 0.12 3.47%

The current 90-days correlation between Eventbrite Class A and Model N is 0.1 (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

Modest diversification

The correlation between Eventbrite Class A and DJI is 0.23 (i.e., Modest 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.

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

0.72	DJCO	Daily Journal Corp	Pair Corr
0.83	DV	DoubleVerify Holdings	Pair Corr
0.75	ML	MoneyLion Downward Rally	Pair Corr
0.68	PD	Pagerduty Earnings Call This Week	Pair Corr
0.66	WK	Workiva	Pair Corr
0.67	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.84	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.83	DTRK	DATATRAK International	Pair Corr
0.75	VMEO	Vimeo Inc	Pair Corr
0.72	VTSI	VirTra Inc	Pair Corr
0.68	EGHT	8x8 Common Stock	Pair Corr

Moving against Eventbrite Stock

0.42	U	Unity Software Buyout Trend	Pair Corr
0.56	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.46	VTEX	VTEX	Pair Corr
0.44	ELCO	Elcom International	Pair Corr
0.32	ETWO	E2open Parent Holdings	Pair Corr
0.31	WRNT	Warrantee American	Pair Corr

Related Correlations Analysis

	MODN	ENFN	ONTF	PYCR	PWSC	MNTV	CWAN	EXFY	ENV	VTEX
MODN		0.58	-0.2	0.21	0.66	0.63	0.4	-0.18	-0.02	-0.47	MODN
ENFN	0.58		0.35	0.55	0.79	0.42	0.76	0.06	0.13	-0.32	ENFN
ONTF	-0.2	0.35		0.58	0.33	-0.03	0.6	0.29	0.41	-0.14	ONTF
PYCR	0.21	0.55	0.58		0.64	0.17	0.86	0.52	0.7	-0.55	PYCR
PWSC	0.66	0.79	0.33	0.64		0.53	0.83	-0.05	0.33	-0.57	PWSC
MNTV	0.63	0.42	-0.03	0.17	0.53		0.29	-0.13	-0.03	-0.52	MNTV
CWAN	0.4	0.76	0.6	0.86	0.83	0.29		0.31	0.58	-0.56	CWAN
EXFY	-0.18	0.06	0.29	0.52	-0.05	-0.13	0.31		0.59	-0.38	EXFY
ENV	-0.02	0.13	0.41	0.7	0.33	-0.03	0.58	0.59		-0.55	ENV
VTEX	-0.47	-0.32	-0.14	-0.55	-0.57	-0.52	-0.56	-0.38	-0.55		VTEX
	MODN	ENFN	ONTF	PYCR	PWSC	MNTV	CWAN	EXFY	ENV	VTEX

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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

CWAN	+ 0.86	PYCR
CWAN	+ 0.83	PWSC
PWSC	+ 0.79	ENFN
CWAN	+ 0.76	ENFN
ENV	+ 0.7	PYCR
PWSC	+ 0.66	MODN

High negative correlations

VTEX	- 0.57	PWSC
VTEX	- 0.56	CWAN
VTEX	- 0.55	ENV
VTEX	- 0.55	PYCR
VTEX	- 0.52	MNTV
VTEX	- 0.47	MODN

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
MODN	0.50	0.16	0.09	4.25	0.29	(0.69)	1.01	(0.50)	10.58
ENFN	1.58	0.21	0.14	0.25	1.47	(1.95)	3.93	(2.77)	10.11
ONTF	1.61	(0.13)	(0.03)	0.01	1.95	(1.74)	3.22	(2.86)	11.19
PYCR	1.41	0.12	0.07	0.19	1.55	(1.45)	3.02	(2.96)	9.64
PWSC	0.08	0.01	(0.48)	0.30	0.00	(0.11)	0.18	(0.13)	0.71
MNTV	0.90	0.50	2.18	(183.32)	0.00	(1.77)	0.43	(0.21)	20.63
CWAN	1.42	0.27	0.17	0.29	1.35	(1.51)	2.80	(2.76)	18.70
EXFY	3.69	0.35	0.13	0.25	3.14	(5.41)	11.36	(5.17)	27.58
ENV	0.09	0.00	(0.61)	0.07	0.10	(0.09)	0.22	(0.22)	0.68
VTEX	1.60	(0.39)	0.00	(0.43)	0.00	0.00	3.00	(4.03)	11.44

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
Charles CFA	CFO COO	Profile
Vivek Sagihas	Chief Technology Officer	Profile

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