Aeva Technologies, Correlations
| AEVA Stock | USD 4.19 1.08 34.73% |
The current 90-days correlation between Aeva Technologies, Common and Innoviz Technologies is 0.3 (i.e., Weak diversification). The correlation of Aeva 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.
Aeva Technologies, Correlation With Market
Weak diversification
The correlation between Aeva Technologies, Common and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aeva Technologies, Common and DJI in the same portfolio, assuming nothing else is changed.
Aeva |
Moving together with Aeva Stock
| 0.71 | S | SentinelOne | PairCorr |
| 0.61 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.61 | VERI | Veritone | PairCorr |
| 0.82 | DVLT | Datavault AI Symbol Change | PairCorr |
| 0.68 | VRNS | Varonis Systems | PairCorr |
| 0.74 | VRNT | Verint Systems Earnings Call This Week | PairCorr |
| 0.67 | EVCM | EverCommerce | PairCorr |
| 0.73 | FIVN | Five9 Inc | PairCorr |
| 0.73 | FLYW | Flywire Corp | PairCorr |
| 0.63 | DBX | Dropbox | PairCorr |
| 0.71 | GCT | GigaCloud Technology | PairCorr |
| 0.74 | OLB | OLB Group | PairCorr |
Moving against Aeva Stock
| 0.68 | VRSN | VeriSign | PairCorr |
| 0.64 | DOX | Amdocs | PairCorr |
| 0.55 | EVTC | Evertec | PairCorr |
| 0.5 | MQ | Marqeta | PairCorr |
| 0.45 | JG | Aurora Mobile | PairCorr |
| 0.79 | XNET | Xunlei Ltd Adr | PairCorr |
| 0.66 | SWI | SolarWinds Corp | PairCorr |
| 0.53 | TCX | Tucows Inc | PairCorr |
| 0.38 | APCXW | AppTech Payments Corp | PairCorr |
| 0.34 | ODD | ODDITY Tech | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Aeva Stock performing well and Aeva 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 Aeva Technologies,'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INVZ | 7.09 | 0.11 | 0.01 | 0.01 | 8.92 | 16.05 | 58.83 | |||
| HSAI | 7.21 | 1.09 | 0.18 | (0.53) | 6.45 | 16.71 | 59.23 | |||
| LAZR | 6.94 | 0.97 | 0.13 | 0.36 | 6.46 | 25.55 | 40.59 | |||
| ALLG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LIDR | 8.60 | 0.05 | 0.01 | (0.18) | 10.52 | 14.78 | 92.02 | |||
| MBLY | 3.33 | (0.08) | 0.00 | (0.12) | 0.00 | 5.71 | 21.69 | |||
| QS | 3.39 | 0.02 | 0.00 | (0.04) | 0.00 | 7.04 | 23.51 | |||
| HYLN | 3.41 | (0.71) | 0.00 | (0.39) | 0.00 | 7.54 | 21.35 |
Aeva Technologies, Corporate Management
| Andrew Fung | Director Relations | Profile | |
| Ahmed Fattouh | Independent Director | Profile | |
| Shahin Farshchi | Independent Director | Profile | |
| Barrs Lang | Vice Sales | Profile | |
| Hrach Simonian | Independent Director | Profile |