Eventbrite Correlations

EB Stock

USD 4.45 0.01 0.23%

The current 90-days correlation between Eventbrite Class A and ON24 Inc is 0.06 (i.e., Significant diversification). 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

Average diversification

The correlation between Eventbrite Class A and DJI is 0.15 (i.e., Average 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.

Build AI portfolio with Eventbrite Stock

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

0.7	MH	McGraw Hill,	Pair Corr
0.76	EVER	EverQuote Class A	Pair Corr
0.89	IAC	IAC Inc	Pair Corr
0.62	MAX	MediaAlpha	Pair Corr
0.69	ZIP	Ziprecruiter	Pair Corr
0.65	GOOG	Alphabet Class C Sell-off Trend	Pair Corr

Moving against Eventbrite Stock

0.64	IPM	Intelligent Protection Symbol Change	Pair Corr
0.6	WBTN	WEBTOON Entertainment	Pair Corr
0.58	YQ	17 Education Technology	Pair Corr
0.51	FENG	Phoenix New Media	Pair Corr
0.48	DHX	DHI Group	Pair Corr
0.46	BZ	Kanzhun Ltd ADR	Pair Corr
0.44	WB	Weibo Corp	Pair Corr
0.35	DUO	Fangdd Network Group	Pair Corr
0.34	SY	So Young International	Pair Corr
0.32	GTM	ZoomInfo Technologies Symbol Change	Pair Corr
0.82	FDV	Frontier Digital Ventures	Pair Corr
0.67	GETY	Getty Images Holdings	Pair Corr
0.67	GITS	Global Interactive	Pair Corr
0.62	300494	Hubei Century Network	Pair Corr
0.44	SST	System1	Pair Corr
0.39	SLE	Super League Enterprise	Pair Corr
0.31	GIFT	RDE, Inc	Pair Corr

Related Correlations Analysis

	ONTF	ASUR	DUOT	EGHT	KLTR	AZ	IMMR	SMRT	WALD	MRT
ONTF		0.34	-0.08	0.73	0.46	0.28	0.37	0.59	0.09	-0.3	ONTF
ASUR	0.34		0.16	0.23	0.49	-0.15	0.12	0.55	-0.45	0.01	ASUR
DUOT	-0.08	0.16		-0.22	0.17	-0.44	-0.24	0.39	0.11	0.6	DUOT
EGHT	0.73	0.23	-0.22		0.26	0.25	0.4	0.43	-0.07	-0.27	EGHT
KLTR	0.46	0.49	0.17	0.26		-0.34	-0.13	0.46	-0.23	0.07	KLTR
AZ	0.28	-0.15	-0.44	0.25	-0.34		0.69	-0.38	-0.13	-0.26	AZ
IMMR	0.37	0.12	-0.24	0.4	-0.13	0.69		-0.06	-0.3	-0.21	IMMR
SMRT	0.59	0.55	0.39	0.43	0.46	-0.38	-0.06		0.22	-0.01	SMRT
WALD	0.09	-0.45	0.11	-0.07	-0.23	-0.13	-0.3	0.22		-0.01	WALD
MRT	-0.3	0.01	0.6	-0.27	0.07	-0.26	-0.21	-0.01	-0.01		MRT
	ONTF	ASUR	DUOT	EGHT	KLTR	AZ	IMMR	SMRT	WALD	MRT

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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

EGHT	+ 0.73	ONTF
IMMR	+ 0.69	AZ
MRT	+ 0.6	DUOT
SMRT	+ 0.59	ONTF
SMRT	+ 0.55	ASUR
KLTR	+ 0.49	ASUR

High negative correlations

WALD	- 0.45	ASUR
AZ	- 0.44	DUOT
SMRT	- 0.38	AZ
AZ	- 0.34	KLTR
WALD	- 0.3	IMMR
MRT	- 0.3	ONTF

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
ONTF	1.90	(0.14)	0.00	(0.01)	0.00	0.00	4.29	(4.29)	17.86
ASUR	1.58	0.09	0.06	0.13	1.61	(1.86)	3.08	(3.13)	13.40
DUOT	3.32	0.33	0.08	0.30	4.09	(3.21)	6.74	(7.61)	16.42
EGHT	2.64	(0.21)	0.00	(0.03)	0.00	0.00	4.40	(6.37)	34.75
KLTR	3.39	0.03	0.02	0.07	3.87	(4.03)	8.22	(6.70)	32.77
AZ	3.42	(0.64)	0.00	(0.17)	0.00	0.00	6.75	(7.12)	25.03
IMMR	1.90	(0.23)	0.00	(0.04)	0.00	0.00	5.01	(3.85)	22.38
SMRT	2.55	0.34	0.15	0.32	2.16	(3.43)	6.43	(4.06)	19.23
WALD	3.51	(0.01)	0.00	0.08	0.00	0.00	7.58	(6.49)	33.33
MRT	2.32	0.00	0.00	0.06	2.48	(2.91)	7.59	(4.55)	21.55

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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