Eve Holding Correlations

EVEX Stock

USD 3.35 0.06 1.82%

The current 90-days correlation between Eve Holding and Ehang Holdings is 0.05 (i.e., Significant diversification). The correlation of Eve Holding 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Eve Holding Correlation With Market

Very weak diversification

The correlation between Eve Holding and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eve Holding 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 Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy Eve Stock please use our How to Invest in Eve Holding guide.

Moving together with Eve Stock

0.71	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.76	RTX	Raytheon Technologies Fiscal Year End 28th of January 2025	Pair Corr
0.68	TDG	Transdigm Group	Pair Corr

Moving against Eve Stock

0.47	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.4	EVTL	Vertical Aerospace	Pair Corr
0.54	SPR	Spirit Aerosystems	Pair Corr
0.48	KWESW	KWESST Micro Systems	Pair Corr

Related Correlations Analysis

	BA	CW	EH	GD	GE	BA-PA	ESLT
BA		-0.69	-0.32	-0.06	-0.43	0.49	-0.62	BA
CW	-0.69		0.67	0.22	0.5	-0.28	0.8	CW
EH	-0.32	0.67		0.09	0.31	-0.02	0.52	EH
GD	-0.06	0.22	0.09		0.43	0.17	-0.24	GD
GE	-0.43	0.5	0.31	0.43		-0.07	-0.01	GE
BA-PA	0.49	-0.28	-0.02	0.17	-0.07		-0.39	BA-PA
ESLT	-0.62	0.8	0.52	-0.24	-0.01	-0.39		ESLT
	BA	CW	EH	GD	GE	BA-PA	ESLT

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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

ESLT	+ 0.8	CW
EH	+ 0.67	CW
ESLT	+ 0.52	EH
GE	+ 0.5	CW
BA-PA	+ 0.49	BA
GE	+ 0.43	GD

High negative correlations

CW	- 0.69	BA
ESLT	- 0.62	BA
GE	- 0.43	BA
ESLT	- 0.39	BA-PA
EH	- 0.32	BA
BA-PA	- 0.28	CW

Risk-Adjusted Indicators

There is a big difference between Eve Stock performing well and Eve Holding 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 Holding'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
BA	1.68	(0.26)	0.00	(0.49)	0.00	0.00	3.11	(3.41)	8.59
CW	1.25	0.13	0.10	0.21	1.70	(1.43)	2.96	(2.48)	11.02
EH	4.53	0.07	0.00	0.25	5.53	(4.97)	10.49	(7.07)	38.09
GD	0.96	(0.19)	0.00	(0.05)	0.00	0.00	1.63	(1.51)	10.86
GE	1.27	(0.04)	0.00	0.09	2.23	(1.22)	2.85	(2.36)	14.10
BA-PA	1.39	(0.03)	0.00	0.23	0.00	0.00	2.99	(2.69)	4.87
ESLT	1.04	0.36	0.25	8.60	0.42	(1.22)	3.36	(1.41)	9.35

Eve Holding Corporate Management

Flavia Pavie	G Officer	Profile
Alice Altissimo	Vice Operation	Profile
Larissa Maraccini	Marketing, People	Profile
Luiz Valentini	Chief Officer	Profile
Lucio Aldworth	Director Relations	Profile
Eduardo Couto	Chief Officer	Profile
Andre Stein	CoChief Officer	Profile

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