Eventbrite Correlations

EB Stock

USD 1.94 0.08 3.96%

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 0.25 (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

0.95	OB	Outbrain	Pair Corr
0.74	DOYU	DouYu International	Pair Corr
0.86	WBTN	WEBTOON Entertainment	Pair Corr
0.88	DJT	Trump Media Technology	Pair Corr
0.83	MAX	MediaAlpha	Pair Corr
0.94	MNY	MoneyHero Limited Class	Pair Corr
0.91	RUM	Rumble Inc	Pair Corr
0.91	SLE	Super League Enterprise	Pair Corr
0.8	GETY	Getty Images Holdings	Pair Corr
0.89	GOOG	Alphabet Class C	Pair Corr
0.64	YELP	Yelp Inc	Pair Corr
0.62	MNYWW	MoneyHero Limited	Pair Corr
0.88	ZDGE	Zedge Inc	Pair Corr
0.83	SEATW	Vivid Seats Warrant	Pair Corr
0.86	IZEA	IZEA Inc	Pair Corr
0.93	KIND	Nextdoor Holdings	Pair Corr
0.9	RUMBW	Rumble Inc	Pair Corr
0.82	LCFY	Locafy	Pair Corr
0.78	BZFDW	BuzzFeed	Pair Corr
0.7	MTCH	Match Group	Pair Corr
0.73	NBIS	Nebius Group NV Symbol Change	Pair Corr
0.91	NRDS	Nerdwallet	Pair Corr

Moving against Eventbrite Stock

0.87	BZ	Kanzhun Ltd ADR	Pair Corr
0.83	EVER	EverQuote Class A	Pair Corr
0.7	TME	Tencent Music Entert	Pair Corr
0.62	IAC	IAC Inc	Pair Corr
0.58	GENI	Genius Sports	Pair Corr
0.49	ZH	Zhihu Inc ADR	Pair Corr
0.47	CCG	Cheche Group Class	Pair Corr
0.45	YY	YY Inc Class Symbol Change	Pair Corr
0.89	GIFT	RDE, Inc Symbol Change	Pair Corr
0.78	JFIN	Jiayin Group	Pair Corr

Related Correlations Analysis

	MODN	ENFN	ONTF	PYCR	PWSC	MNTV	CWAN	EXFY	ENV	VTEX
MODN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MODN
ENFN	0.0		-0.21	0.61	0.0	0.0	0.5	0.13	0.0	-0.14	ENFN
ONTF	0.0	-0.21		-0.25	0.0	0.0	0.24	0.65	0.0	0.89	ONTF
PYCR	0.0	0.61	-0.25		0.0	0.0	0.01	-0.09	0.0	-0.16	PYCR
PWSC	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PWSC
MNTV	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MNTV
CWAN	0.0	0.5	0.24	0.01	0.0	0.0		0.47	0.0	0.15	CWAN
EXFY	0.0	0.13	0.65	-0.09	0.0	0.0	0.47		0.0	0.39	EXFY
ENV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ENV
VTEX	0.0	-0.14	0.89	-0.16	0.0	0.0	0.15	0.39	0.0		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

VTEX	+ 0.89	ONTF
EXFY	+ 0.65	ONTF
PYCR	+ 0.61	ENFN
CWAN	+ 0.5	ENFN
EXFY	+ 0.47	CWAN
VTEX	+ 0.39	EXFY

High negative correlations

PYCR	- 0.25	ONTF
ONTF	- 0.21	ENFN
VTEX	- 0.16	PYCR
VTEX	- 0.14	ENFN
EXFY	- 0.09	PYCR
VTEX	- 0.0	ENV

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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENFN	0.90	0.11	0.13	0.04	1.30	(1.10)	2.23	(2.40)	10.10
ONTF	1.65	(0.26)	0.00	(0.50)	0.00	0.00	2.73	(4.45)	9.81
PYCR	0.74	0.31	0.67	3.10	0.00	(0.93)	0.36	(0.27)	26.32
PWSC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWAN	1.91	(0.05)	0.00	(0.21)	0.00	0.00	3.61	(4.18)	17.01
EXFY	3.13	(0.09)	0.00	(0.21)	0.00	0.00	5.11	(6.76)	28.83
ENV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VTEX	2.49	(0.01)	0.00	(0.17)	0.00	0.00	5.24	(5.34)	29.57

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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