Evolv Technologies Correlations
| EVLVW Stock | USD 0.33 0.11 49.05% |
The current 90-days correlation between Evolv Technologies and Indie Semiconductor Warrant is 0.16 (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
Modest diversification
The correlation between Evolv Technologies Holdings and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evolv Technologies Holdings and DJI in the same portfolio, assuming nothing else is changed.
Evolv |
Moving together with Evolv Stock
| 0.67 | ARW | Arrow Electronics | PairCorr |
| 0.9 | TER | Teradyne | PairCorr |
| 0.7 | MCHP | Microchip Technology | PairCorr |
| 0.75 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.73 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.84 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.89 | BKRKY | Bank Rakyat | PairCorr |
| 0.89 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.93 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.76 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.85 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Evolv Stock
| 0.81 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.78 | KSCP | Knightscope | PairCorr |
| 0.74 | SSNLF | Samsung Electronics | PairCorr |
| 0.73 | NTGR | NETGEAR | PairCorr |
| 0.71 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.71 | AEIS | Advanced Energy Indu | PairCorr |
| 0.7 | EBON | Ebang International | PairCorr |
| 0.55 | BAER | Bridger Aerospace | PairCorr |
| 0.49 | MU | Micron Technology | PairCorr |
| 0.39 | KVHI | KVH Industries | PairCorr |
| 0.32 | SPCB | Supercom | PairCorr |
| 0.78 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.77 | PTAIF | PT Astra International | PairCorr |
| 0.77 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.75 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.73 | T | ATT Inc Aggressive Push | PairCorr |
| 0.68 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.58 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.49 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.45 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.61 | -0.15 | -0.15 | -0.34 | INDIW | ||
| 0.61 | -0.07 | -0.44 | -0.74 | EVGOW | ||
| -0.15 | -0.07 | -0.48 | -0.17 | ASTLW | ||
| -0.15 | -0.44 | -0.48 | 0.58 | LSEAW | ||
| -0.34 | -0.74 | -0.17 | 0.58 | APPHW | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INDIW | 4.55 | (0.22) | 0.00 | 8.30 | 0.00 | 8.70 | 21.58 | |||
| EVGOW | 11.39 | 3.19 | 0.35 | 3.63 | 7.50 | 27.94 | 187.32 | |||
| ASTLW | 3.96 | 0.16 | 0.04 | 0.22 | 4.80 | 7.93 | 28.47 | |||
| LSEAW | 6.71 | (0.32) | 0.00 | (0.92) | 0.00 | 12.50 | 34.72 | |||
| APPHW | 11.60 | (0.88) | 0.00 | 0.54 | 0.00 | 17.07 | 85.32 |
Evolv Technologies Corporate Management
| Brian Norris | Senior Relations | Profile | |
| Mark Donohue | Chief Officer | Profile | |
| Parag Vaish | Chief Officer | Profile | |
| Alec Rose | Chief Scientist | Profile | |
| Jay Muelhoefer | Chief Officer | Profile | |
| Anil Chitkara | CoFounder Officer | Profile |