Evolv Technologies Correlations

EVLVW Stock

USD 0.28 0.01 3.70%

The current 90 correlation between Evolv Technologies and SSC Security Services is 0.12 (i.e., Average diversification). The correlation of Evolv Technologies 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.

Evolv Technologies Correlation With Market

Significant diversification

The correlation between Evolv Technologies Holdings and NYA is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evolv Technologies Holdings and NYA 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 Evolv Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Evolv Stock

0.69	CDW	CDW Corp	Pair Corr
0.62	JBL	Jabil Circuit Financial Report 20th of June 2024	Pair Corr
0.74	NTIP	Network 1 Technologies	Pair Corr
0.74	DGII	Digi International Fiscal Year End 14th of November 2024	Pair Corr
0.71	DTSS	Datasea	Pair Corr

Moving against Evolv Stock

0.63	PLXS	Plexus Corp Financial Report 24th of July 2024	Pair Corr
0.51	BELFA	Bel Fuse A	Pair Corr
0.49	HPQ	HP Inc Fiscal Year End 19th of November 2024	Pair Corr
0.46	FLEX	Flex	Pair Corr
0.32	FKWL	Franklin Wireless Corp	Pair Corr
0.72	AAPL	Apple Inc Financial Report 1st of August 2024	Pair Corr
0.64	WFCF	Where Food Comes	Pair Corr
0.57	VRRM	Verra Mobility Corp	Pair Corr

Related Correlations Analysis

	LGMK	SECUF	ICTSF	SNT	BLPG	KSCP	GFAI	CXW	ADT	CRFQF
LGMK		-0.66	-0.06	-0.82	-0.51	0.53	0.82	-0.23	-0.48	-0.93	LGMK
SECUF	-0.66		0.06	0.61	0.51	-0.83	-0.7	0.12	0.72	0.62	SECUF
ICTSF	-0.06	0.06		0.07	-0.04	-0.04	-0.01	0.33	0.3	0.16	ICTSF
SNT	-0.82	0.61	0.07		0.34	-0.54	-0.79	0.09	0.38	0.81	SNT
BLPG	-0.51	0.51	-0.04	0.34		-0.44	-0.37	0.13	0.59	0.63	BLPG
KSCP	0.53	-0.83	-0.04	-0.54	-0.44		0.59	-0.04	-0.71	-0.52	KSCP
GFAI	0.82	-0.7	-0.01	-0.79	-0.37	0.59		-0.08	-0.38	-0.74	GFAI
CXW	-0.23	0.12	0.33	0.09	0.13	-0.04	-0.08		0.28	0.34	CXW
ADT	-0.48	0.72	0.3	0.38	0.59	-0.71	-0.38	0.28		0.55	ADT
CRFQF	-0.93	0.62	0.16	0.81	0.63	-0.52	-0.74	0.34	0.55		CRFQF
	LGMK	SECUF	ICTSF	SNT	BLPG	KSCP	GFAI	CXW	ADT	CRFQF

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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

GFAI	+ 0.82	LGMK
CRFQF	+ 0.81	SNT
ADT	+ 0.72	SECUF
CRFQF	+ 0.63	BLPG
CRFQF	+ 0.62	SECUF
SNT	+ 0.61	SECUF

High negative correlations

CRFQF	- 0.93	LGMK
KSCP	- 0.83	SECUF
SNT	- 0.82	LGMK
GFAI	- 0.79	SNT
CRFQF	- 0.74	GFAI
ADT	- 0.71	KSCP

Risk-Adjusted Indicators

There is a big difference between Evolv Stock performing well and Evolv Technologies 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 Evolv Technologies' 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
LGMK	2.81	(0.57)	0.00	(5.52)	0.00	0.00	5.77	(6.76)	16.99
SECUF	1.08	0.11	0.05	0.15	1.25	(1.91)	2.79	(2.70)	10.13
ICTSF	2.80	0.23	0.02	4.33	4.24	(7.95)	10.82	(10.62)	36.67
SNT	2.83	0.34	0.10	(0.23)	2.78	(4.07)	8.70	(5.22)	23.43
BLPG	26.00	7.37	0.27	(2.49)	17.98	(54.53)	97.50	(38.09)	294.33
KSCP	4.23	(0.53)	0.00	(0.44)	0.00	0.00	12.50	(7.02)	22.80
GFAI	3.67	(0.55)	0.00	(0.28)	0.00	0.00	7.49	(6.63)	32.64
CXW	1.25	0.06	0.04	0.06	1.31	(1.46)	3.01	(2.16)	10.00
ADT	1.47	(0.01)	0.00	0.00	2.84	(1.32)	2.39	(3.42)	10.26
CRFQF	2.92	1.23	0.00	(2.86)	0.00	0.00	21.54	(2.53)	37.05

Evolv Technologies Corporate Management

Dana Loof	Chief Officer	Profile
Nancy Milhous	Chief Controller	Profile
Brian Norris	Senior Relations	Profile
Courtney Cunnane	Chief Officer	Profile
Mark Donohue	Chief Officer	Profile
Alec Rose	Chief Scientist	Profile

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