Eventbrite Correlations

EB Stock

USD 5.17 0.03 0.58%

The current 90-days correlation between Eventbrite Class A and Enfusion is 0.38 (i.e., Weak 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

Very weak diversification

The correlation between Eventbrite Class A and DJI is 0.46 (i.e., Very weak 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

0.71	U	Unity Software Aggressive Push	Pair Corr
0.62	BL	Blackline	Pair Corr
0.65	WK	Workiva	Pair Corr
0.68	VTSI	VirTra Inc	Pair Corr
0.7	ENFN	Enfusion	Pair Corr

Moving against Eventbrite Stock

0.6	DPSI	DecisionPoint Systems	Pair Corr
0.46	VERX	Vertex	Pair Corr
0.45	AI	C3 Ai Inc	Pair Corr
0.62	DIDIY	Didi Global ADR	Pair Corr
0.52	WKME	Walkme	Pair Corr
0.44	FICO	Fair Isaac Financial Report 7th of August 2024	Pair Corr
0.44	AHI	ADVANCED HEALTH INTE	Pair Corr
0.38	WEBB	Web Global Holdings	Pair Corr

Related Correlations Analysis

	ENFN	ONTF	PYCR	PWSC	MNTV	CWAN	EXFY	ENV	VTEX
ENFN		0.85	0.66	-0.65	-0.2	-0.25	0.4	0.43	0.33	ENFN
ONTF	0.85		0.85	-0.78	-0.36	-0.49	0.48	0.15	0.52	ONTF
PYCR	0.66	0.85		-0.92	-0.54	-0.8	0.16	0.0	0.72	PYCR
PWSC	-0.65	-0.78	-0.92		0.48	0.75	-0.05	-0.19	-0.63	PWSC
MNTV	-0.2	-0.36	-0.54	0.48		0.53	0.07	0.07	-0.3	MNTV
CWAN	-0.25	-0.49	-0.8	0.75	0.53		0.08	0.13	-0.67	CWAN
EXFY	0.4	0.48	0.16	-0.05	0.07	0.08		-0.03	0.11	EXFY
ENV	0.43	0.15	0.0	-0.19	0.07	0.13	-0.03		-0.09	ENV
VTEX	0.33	0.52	0.72	-0.63	-0.3	-0.67	0.11	-0.09		VTEX
	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

ONTF	+ 0.85	ENFN
PYCR	+ 0.85	ONTF
CWAN	+ 0.75	PWSC
VTEX	+ 0.72	PYCR
PYCR	+ 0.66	ENFN
CWAN	+ 0.53	MNTV

High negative correlations

PWSC	- 0.92	PYCR
CWAN	- 0.8	PYCR
PWSC	- 0.78	ONTF
VTEX	- 0.67	CWAN
PWSC	- 0.65	ENFN
VTEX	- 0.63	PWSC

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
ENFN	1.42	0.02	(0.01)	0.10	1.87	(1.43)	2.45	(2.66)	7.41
ONTF	1.43	(0.04)	0.00	(0.32)	0.00	0.00	3.63	(2.46)	8.23
PYCR	1.85	(0.44)	0.00	(0.79)	0.00	0.00	2.75	(4.19)	18.78
PWSC	1.08	0.38	0.24	1.16	0.77	(1.24)	3.57	(1.84)	20.46
MNTV	0.90	0.47	2.33	1.15	0.00	(1.77)	0.43	(0.21)	20.63
CWAN	1.30	0.28	0.15	0.61	1.32	(1.50)	2.85	(2.37)	13.50
EXFY	3.54	0.29	0.08	0.49	3.32	(5.21)	7.14	(6.25)	45.07
ENV	0.97	(0.03)	0.00	0.77	0.00	0.00	2.28	(2.55)	7.00
VTEX	1.96	(0.20)	0.00	(0.24)	0.00	0.00	2.48	(3.52)	19.69

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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