AudioEye Correlations

AEYE Stock

USD 11.22 1.38 10.95%

The correlation of AudioEye 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.

AudioEye Correlation With Market

Weak diversification

The correlation between AudioEye and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AudioEye and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AudioEye. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For information on how to trade AudioEye Stock refer to our How to Trade AudioEye Stock guide.

Moving together with AudioEye Stock

0.76	AI	C3 Ai Inc	Pair Corr
0.82	BL	Blackline	Pair Corr
0.74	DV	DoubleVerify Holdings	Pair Corr
0.79	EB	Eventbrite Class A	Pair Corr
0.8	PD	Pagerduty Tech Boost	Pair Corr
0.87	ZM	Zoom Video Communications	Pair Corr
0.85	DOCU	DocuSign	Pair Corr
0.88	VERX	Vertex	Pair Corr
0.86	DSGX	Descartes Systems	Pair Corr
0.61	DUOL	Duolingo	Pair Corr
0.83	VMEO	Vimeo Inc Potential Growth	Pair Corr
0.87	VTEX	VTEX	Pair Corr
0.62	VTSI	VirTra Inc	Pair Corr
0.64	EGAN	eGain	Pair Corr
0.81	EGHT	8x8 Common Stock	Pair Corr
0.82	ELWS	Earlyworks Co,	Pair Corr
0.64	WDAY	Workday	Pair Corr
0.62	ESTC	Elastic NV	Pair Corr
0.84	ETWO	E2open Parent Holdings	Pair Corr

Moving against AudioEye Stock

0.66	QH	Quhuo	Pair Corr
0.37	ZI	ZoomInfo Technologies	Pair Corr

Related Correlations Analysis

	ALKT	MIXT	AGYS	ADEA	PYCR	HKIT	API	EGAN	OBLG	INLX
ALKT		0.0	0.79	-0.38	-0.64	0.6	-0.4	0.65	0.49	0.89	ALKT
MIXT	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MIXT
AGYS	0.79	0.0		-0.28	-0.72	0.75	-0.76	0.49	0.1	0.81	AGYS
ADEA	-0.38	0.0	-0.28		0.07	-0.32	0.21	-0.65	-0.47	-0.42	ADEA
PYCR	-0.64	0.0	-0.72	0.07		-0.46	0.44	-0.08	-0.09	-0.68	PYCR
HKIT	0.6	0.0	0.75	-0.32	-0.46		-0.61	0.55	0.1	0.6	HKIT
API	-0.4	0.0	-0.76	0.21	0.44	-0.61		-0.35	0.14	-0.51	API
EGAN	0.65	0.0	0.49	-0.65	-0.08	0.55	-0.35		0.6	0.6	EGAN
OBLG	0.49	0.0	0.1	-0.47	-0.09	0.1	0.14	0.6		0.47	OBLG
INLX	0.89	0.0	0.81	-0.42	-0.68	0.6	-0.51	0.6	0.47		INLX
	ALKT	MIXT	AGYS	ADEA	PYCR	HKIT	API	EGAN	OBLG	INLX

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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

INLX	+ 0.89	ALKT
INLX	+ 0.81	AGYS
AGYS	+ 0.79	ALKT
HKIT	+ 0.75	AGYS
EGAN	+ 0.65	ALKT
HKIT	+ 0.6	ALKT

High negative correlations

API	- 0.76	AGYS
PYCR	- 0.72	AGYS
INLX	- 0.68	PYCR
EGAN	- 0.65	ADEA
PYCR	- 0.64	ALKT
API	- 0.61	HKIT

Risk-Adjusted Indicators

There is a big difference between AudioEye Stock performing well and AudioEye 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 AudioEye'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
ALKT	2.01	(0.43)	0.00	(0.38)	0.00	0.00	3.49	(4.37)	19.06
MIXT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGYS	2.64	(0.68)	0.00	(0.95)	0.00	0.00	3.48	(5.60)	24.77
ADEA	1.82	0.18	0.09	0.13	2.19	(1.93)	2.56	(4.06)	26.93
PYCR	1.00	0.28	0.31	1.95	0.66	(1.29)	1.37	(1.47)	26.32
HKIT	2.76	(0.08)	0.00	0.08	0.00	0.00	7.91	(5.44)	24.04
API	5.42	0.14	0.03	0.36	6.59	(5.55)	10.52	(10.60)	27.35
EGAN	2.49	(0.09)	0.00	(0.21)	0.00	0.00	5.05	(5.04)	32.81
OBLG	2.89	(0.06)	0.00	(0.17)	0.00	0.00	8.26	(6.32)	19.44
INLX	2.26	(0.20)	0.00	(0.80)	0.00	0.00	4.49	(4.41)	15.76

AudioEye Corporate Management

Mase Graye	Chief Officer	Profile
James Spolar	General Secretary	Profile
Chad Sollis	Chief Officer	Profile
David Moradi	CEO Director	Profile
Dominic Varacalli	Chief Officer	Profile

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