Aeye Correlations

Stocks . USA . 
Stock . Aeye Inc
LIDR Stock  USD 1.13  0.03  2.73%   
The current 90-days correlation between Aeye Inc and Faraday Future Intelligent is -0.27 (i.e., Very good diversification). The correlation of Aeye 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.

Aeye Correlation With Market

Weak diversification

The correlation between Aeye Inc and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aeye Inc and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Aeye Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Aeye Stock

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Moving against Aeye Stock

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Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Aeye Stock performing well and Aeye 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 Aeye'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.

Aeye Corporate Management

Blair LaCorteCEO DirectorProfile
Robert BrownCFO TreasurerProfile
Bernd ReichertVP ADASProfile
Conor TierneyChief OfficerProfile
Brenda CarrilloProject ManagerProfile
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