Eve Holding Correlations

EVEX Stock

USD 6.90 0.41 5.61%

The current 90-days correlation between Eve Holding and HEICO is 0.33 (i.e., Weak 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 0.45 (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.

Build AI portfolio with Eve Stock

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

0.83	BA	Boeing	Pair Corr
0.89	CW	Curtiss Wright	Pair Corr
0.89	GD	General Dynamics Earnings Call This Week	Pair Corr
0.85	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.93	PL	Planet Labs PBC	Pair Corr
0.62	DPRO	Draganfly Trending	Pair Corr
0.82	BA-PA	Boeing	Pair Corr
0.79	ESLT	Elbit Systems	Pair Corr
0.78	EVTL	Vertical Aerospace Trending	Pair Corr
0.91	AIR	AAR Corp	Pair Corr
0.92	CAE	CAE Inc	Pair Corr
0.93	DCO	Ducommun Incorporated	Pair Corr
0.68	DRS	Leonardo DRS, Common	Pair Corr
0.78	ERJ	Embraer SA ADR	Pair Corr
0.76	HEI	Heico	Pair Corr
0.84	HII	Huntington Ingalls	Pair Corr
0.84	HWM	Howmet Aerospace	Pair Corr
0.9	HXL	Hexcel Earnings Call This Week	Pair Corr
0.93	LHX	L3Harris Technologies Earnings Call This Week	Pair Corr
0.92	NPK	National Presto Indu Earnings Call This Week	Pair Corr
0.79	PKE	Park Electrochemical	Pair Corr
0.76	RDW	Redwire Corp	Pair Corr
0.89	RTX	Raytheon Technologies Earnings Call This Week	Pair Corr
0.9	SIF	SIFCO Industries	Pair Corr
0.62	SPR	Spirit Aerosystems	Pair Corr
0.88	TDG	Transdigm Group	Pair Corr
0.7	TGI	Triumph Group Sell-off Trend	Pair Corr
0.69	TXT	Textron Earnings Call This Week	Pair Corr
0.92	WWD	Woodward	Pair Corr
0.81	HOVR	New Horizon Aircraft	Pair Corr

Moving against Eve Stock

0.87	MNTS	Momentus	Pair Corr
0.73	POWW	Ammo Inc	Pair Corr
0.55	LOAR	Loar Holdings	Pair Corr
0.43	GPUS	Hyperscale Data, Symbol Change	Pair Corr
0.31	RAINW	Rain Enhancement Tec	Pair Corr

Related Correlations Analysis

	HEI-A	EVTL	RLLCF	ERJ	RKLB	FRGE	NUTX	ALLGF
HEI-A		0.64	0.26	0.73	0.7	0.61	-0.27	0.0	HEI-A
EVTL	0.64		0.39	0.64	0.66	0.77	0.12	0.0	EVTL
RLLCF	0.26	0.39		0.14	0.06	0.23	0.35	0.0	RLLCF
ERJ	0.73	0.64	0.14		0.65	0.71	-0.3	0.0	ERJ
RKLB	0.7	0.66	0.06	0.65		0.72	-0.27	0.0	RKLB
FRGE	0.61	0.77	0.23	0.71	0.72		-0.24	0.0	FRGE
NUTX	-0.27	0.12	0.35	-0.3	-0.27	-0.24		0.0	NUTX
ALLGF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ALLGF
	HEI-A	EVTL	RLLCF	ERJ	RKLB	FRGE	NUTX	ALLGF

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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

FRGE	+ 0.77	EVTL
ERJ	+ 0.73	HEI-A
FRGE	+ 0.72	RKLB
FRGE	+ 0.71	ERJ
RKLB	+ 0.7	HEI-A
RKLB	+ 0.66	EVTL

High negative correlations

NUTX	- 0.3	ERJ
NUTX	- 0.27	RKLB
NUTX	- 0.27	HEI-A
NUTX	- 0.24	FRGE
ALLGF	- 0.0	NUTX
ALLGF	- 0.0	FRGE

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
HEI-A	1.12	0.41	0.24	1.28	0.88	(1.29)	2.21	(1.65)	10.51
EVTL	5.31	0.99	0.15	0.48	7.21	(5.68)	14.49	(7.35)	49.91
RLLCF	8.23	1.18	0.11	1.14	9.32	(11.15)	20.37	(12.28)	64.26
ERJ	1.84	0.16	0.07	0.30	1.92	(2.11)	4.09	(3.50)	10.35
RKLB	3.75	1.36	0.38	0.83	2.92	(4.57)	10.54	(5.46)	21.47
FRGE	4.65	1.30	0.17	(4.54)	5.47	(5.39)	12.96	(7.19)	55.54
NUTX	4.79	(0.16)	0.00	2.23	0.00	0.00	9.42	(11.96)	42.16
ALLGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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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