EverQuote Correlations

EVER Stock

USD 28.71 0.66 2.35%

The current 90-days correlation between EverQuote Class A and Vivid Seats is -0.05 (i.e., Good diversification). The correlation of EverQuote 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.

EverQuote Correlation With Market

Weak diversification

The correlation between EverQuote Class A and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EverQuote 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 EverQuote 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 income.

Moving together with EverQuote Stock

0.67	YY	YY Inc Class	Pair Corr
0.77	ZH	Zhihu Inc ADR Earnings Call Tomorrow	Pair Corr
0.67	CCG	Cheche Group Class	Pair Corr
0.68	IAC	IAC Inc	Pair Corr
0.72	TME	Tencent Music Entert	Pair Corr
0.82	GIFT	RDE, Inc Symbol Change	Pair Corr
0.82	JFIN	Jiayin Group	Pair Corr

Moving against EverQuote Stock

0.92	DJT	Trump Media Technology Symbol Change	Pair Corr
0.9	MNY	MoneyHero Limited Class	Pair Corr
0.88	SLE	Super League Enterprise Earnings Call This Week	Pair Corr
0.87	GOOG	Alphabet Class C	Pair Corr
0.86	FVRR	Fiverr International	Pair Corr
0.83	OB	Outbrain	Pair Corr
0.78	YELP	Yelp Inc	Pair Corr
0.71	GITS	Global Interactive Symbol Change	Pair Corr
0.67	TC	TuanChe ADR	Pair Corr
0.66	DJTWW	Trump Media Technology Symbol Change	Pair Corr
0.64	MAX	MediaAlpha	Pair Corr
0.58	GETY	Getty Images Holdings	Pair Corr
0.54	DOYU	DouYu International Earnings Call Tomorrow	Pair Corr
0.51	MNYWW	MoneyHero Limited	Pair Corr
0.46	ZDGE	Zedge Inc	Pair Corr
0.32	Z	Zillow Group Class	Pair Corr
0.89	PODC	Courtside Group, Common	Pair Corr
0.87	GOOGL	Alphabet Class A	Pair Corr
0.84	TBLAW	Taboola Warrant	Pair Corr
0.82	NRDS	Nerdwallet	Pair Corr
0.74	BZFDW	BuzzFeed	Pair Corr
0.69	LCFY	Locafy	Pair Corr
0.67	KIND	Nextdoor Holdings	Pair Corr
0.54	RDDT	Reddit,	Pair Corr
0.53	ONFO	Onfolio Holdings	Pair Corr
0.5	SEAT	Vivid Seats	Pair Corr
0.48	IZEA	IZEA Inc	Pair Corr

Related Correlations Analysis

	ONFO	LTRPB	SEAT	ASST	SCOR	CMCM	PGRU	FAZE	SLGG
ONFO		0.0	0.06	-0.19	0.09	0.34	0.0	0.0	0.0	ONFO
LTRPB	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	LTRPB
SEAT	0.06	0.0		0.4	0.21	-0.16	0.0	0.0	0.0	SEAT
ASST	-0.19	0.0	0.4		0.31	-0.1	0.0	0.0	0.0	ASST
SCOR	0.09	0.0	0.21	0.31		0.12	0.0	0.0	0.0	SCOR
CMCM	0.34	0.0	-0.16	-0.1	0.12		0.0	0.0	0.0	CMCM
PGRU	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PGRU
FAZE	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FAZE
SLGG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SLGG
	ONFO	LTRPB	SEAT	ASST	SCOR	CMCM	PGRU	FAZE	SLGG

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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

ASST	+ 0.4	SEAT
CMCM	+ 0.34	ONFO
SCOR	+ 0.31	ASST
SCOR	+ 0.21	SEAT
CMCM	+ 0.12	SCOR
SCOR	+ 0.09	ONFO

High negative correlations

ASST	- 0.19	ONFO
CMCM	- 0.16	SEAT
CMCM	- 0.1	ASST
SLGG	- 0.0	FAZE
SLGG	- 0.0	PGRU
FAZE	- 0.0	PGRU

Risk-Adjusted Indicators

There is a big difference between EverQuote Stock performing well and EverQuote 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 EverQuote'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
ONFO	3.87	(0.36)	0.00	(0.33)	0.00	0.00	7.69	(9.65)	21.57
LTRPB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SEAT	2.91	(0.23)	0.00	4.22	0.00	0.00	5.88	(5.31)	42.87
ASST	9.38	1.15	0.11	0.42	8.43	(16.47)	18.00	(14.81)	125.77
SCOR	4.12	0.32	0.07	0.13	3.85	(5.89)	14.90	(6.66)	38.22
CMCM	3.78	(0.05)	0.00	(0.09)	0.00	0.00	9.21	(6.77)	23.97
PGRU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FAZE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SLGG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

EverQuote Corporate Management

Garett Kitch	Chief Officer	Profile
Eugene Suzuki	Chief Officer	Profile
Hunter Ingram	Chief Officer	Profile
Nicholas Graham	Chief Officer	Profile
Gregory OBrien	Senior Development	Profile

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