EVe Mobility Correlations

EVE Stock

USD 11.24 0.04 0.35%

The current 90-days correlation between EVe Mobility Acquisition and Sculptor Acquisition Corp is -0.22 (i.e., Very good diversification). The correlation of EVe Mobility 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.

EVe Mobility Correlation With Market

Good diversification

The correlation between EVe Mobility Acquisition and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EVe Mobility Acquisition 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 EVe Mobility Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with EVe Stock

0.73	V	Visa Class A	Pair Corr
0.88	DIST	Distoken Acquisition	Pair Corr
0.79	AB	AllianceBernstein	Pair Corr
0.8	AC	Associated Capital	Pair Corr
0.85	BN	Brookfield Corp	Pair Corr
0.86	BX	Blackstone Group Normal Trading	Pair Corr
0.89	CG	Carlyle Group	Pair Corr
0.87	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.9	LC	LendingClub Corp	Pair Corr
0.81	LX	Lexinfintech Holdings	Pair Corr
0.82	MA	Mastercard	Pair Corr
0.66	MC	Moelis	Pair Corr
0.95	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.81	PX	P10 Inc	Pair Corr
0.9	QD	Qudian Inc	Pair Corr
0.93	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.77	TW	Tradeweb Markets Normal Trading	Pair Corr
0.83	WT	WisdomTree	Pair Corr
0.91	VCTR	Victory Capital Holdings Sell-off Trend	Pair Corr
0.7	DUET	DUET Acquisition Corp	Pair Corr
0.73	VIRT	Virtu Financial Normal Trading	Pair Corr
0.84	DYCQ	DT Cloud Acquisition	Pair Corr
0.85	VRTS	Virtus Investment	Pair Corr

Moving against EVe Stock

0.65	PT	Pintec Technology	Pair Corr
0.84	WU	Western Union	Pair Corr
0.79	XP	Xp Inc	Pair Corr
0.74	RM	Regional Management Corp	Pair Corr
0.36	DMYY	dMY Squared Technology	Pair Corr
0.34	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.82	BRKHU	BurTech Acquisition Corp	Pair Corr
0.72	BRKHW	BurTech Acquisition Corp	Pair Corr
0.61	BRACU	Broad Capital Acquisition	Pair Corr
0.38	TETEW	Technology Telecommunicatio	Pair Corr

Related Correlations Analysis

	SCUA	PHYT	RENE	BACA	OAKUU	GGAA	CREC	FATPW	ROCG	RCLF
SCUA		-0.3	0.93	-0.53	0.78	0.69	0.49	-0.25	-0.1	-0.18	SCUA
PHYT	-0.3		-0.36	-0.06	-0.27	-0.57	0.34	0.38	0.06	-0.31	PHYT
RENE	0.93	-0.36		-0.64	0.87	0.66	0.46	-0.32	-0.09	0.01	RENE
BACA	-0.53	-0.06	-0.64		-0.63	-0.08	-0.45	0.06	-0.01	0.15	BACA
OAKUU	0.78	-0.27	0.87	-0.63		0.52	0.32	-0.34	0.03	0.04	OAKUU
GGAA	0.69	-0.57	0.66	-0.08	0.52		0.18	-0.32	-0.04	0.19	GGAA
CREC	0.49	0.34	0.46	-0.45	0.32	0.18		-0.13	-0.05	-0.13	CREC
FATPW	-0.25	0.38	-0.32	0.06	-0.34	-0.32	-0.13		0.08	-0.41	FATPW
ROCG	-0.1	0.06	-0.09	-0.01	0.03	-0.04	-0.05	0.08		-0.01	ROCG
RCLF	-0.18	-0.31	0.01	0.15	0.04	0.19	-0.13	-0.41	-0.01		RCLF
	SCUA	PHYT	RENE	BACA	OAKUU	GGAA	CREC	FATPW	ROCG	RCLF

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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

RENE	+ 0.93	SCUA
OAKUU	+ 0.87	RENE
OAKUU	+ 0.78	SCUA
GGAA	+ 0.69	SCUA
GGAA	+ 0.66	RENE
GGAA	+ 0.52	OAKUU

High negative correlations

BACA	- 0.64	RENE
OAKUU	- 0.63	BACA
GGAA	- 0.57	PHYT
BACA	- 0.53	SCUA
CREC	- 0.45	BACA
RCLF	- 0.41	FATPW

Risk-Adjusted Indicators

There is a big difference between EVe Stock performing well and EVe Mobility 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 EVe Mobility'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
SCUA	0.06	0.02	(0.86)	(0.92)	0.00	(0.15)	0.10	(0.10)	0.86
PHYT	0.06	(0.02)	0.00	11.88	0.00	0.00	0.17	(0.43)	0.87
RENE	0.09	0.02	(0.44)	0.49	0.00	(0.18)	0.26	(0.17)	1.03
BACA	0.13	0.00	(0.26)	0.20	0.22	(0.40)	0.57	(0.47)	1.51
OAKUU	0.34	0.04	0.00	(0.29)	0.00	0.00	1.44	(0.87)	8.58
GGAA	3.49	1.67	0.42	(0.71)	1.91	(5.67)	7.08	(3.29)	81.26
CREC	1.23	0.12	(0.01)	(0.21)	1.97	(1.59)	3.77	(3.11)	14.89
FATPW	11.64	1.16	0.08	5.48	11.28	(16.52)	27.50	(20.67)	67.42
ROCG	0.36	(0.05)	0.00	0.47	0.00	0.00	0.48	(1.15)	8.48
RCLF	0.65	(0.12)	0.00	(0.54)	0.00	0.00	1.45	(1.42)	3.56

EVe Mobility Corporate Management

Scott Painter	Chairman CEO	Profile
Ulf Richter	Chief Officer	Profile
James Nguyen	Chief Officer	Profile
Maximilian Staedtler	Chief Officer	Profile
Jesvin Kaur	Chief Officer	Profile

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