Aeye Correlations

LIDR Stock

USD 0.67 0.03 4.69%

The current 90-days correlation between Aeye Inc and Innoviz Technologies is 0.36 (i.e., Weak diversification). The correlation of Aeye 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.

Aeye Correlation With Market

Good diversification

The correlation between Aeye Inc and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aeye Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Aeye Stock

0.84	DVLT	Datavault AI Symbol Change	Pair Corr
0.8	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.65	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.77	OLB	OLB Group	Pair Corr
0.64	RPD	Rapid7 Inc	Pair Corr

Moving against Aeye Stock

0.62	VRSN	VeriSign	Pair Corr
0.6	JG	Aurora Mobile Tech Boost	Pair Corr
0.51	DOCN	DigitalOcean Holdings	Pair Corr
0.47	ZS	Zscaler	Pair Corr
0.4	BB	BlackBerry	Pair Corr
0.69	DOX	Amdocs	Pair Corr
0.65	XNET	Xunlei Ltd Adr	Pair Corr
0.48	HCP	Hashicorp	Pair Corr
0.46	FTNT	Fortinet	Pair Corr
0.46	NET	Cloudflare	Pair Corr
0.37	BOX	Box Inc	Pair Corr
0.37	PGY	Pagaya Technologies Tech Boost	Pair Corr
0.69	SWI	SolarWinds Corp	Pair Corr
0.54	APCXW	AppTech Payments Corp	Pair Corr

Related Correlations Analysis

	INVZ	LAZR	HSAI	MBLY	AEVA	QS	HYLN	ADNT	HLLY	ECX
INVZ		0.33	-0.36	0.49	0.72	0.73	0.48	0.35	0.75	-0.6	INVZ
LAZR	0.33		-0.33	0.43	0.63	0.65	0.53	0.56	0.33	-0.27	LAZR
HSAI	-0.36	-0.33		-0.41	-0.6	-0.39	-0.8	-0.69	-0.3	0.57	HSAI
MBLY	0.49	0.43	-0.41		0.77	0.79	0.66	0.52	0.41	-0.39	MBLY
AEVA	0.72	0.63	-0.6	0.77		0.86	0.8	0.77	0.7	-0.7	AEVA
QS	0.73	0.65	-0.39	0.79	0.86		0.61	0.58	0.61	-0.52	QS
HYLN	0.48	0.53	-0.8	0.66	0.8	0.61		0.84	0.53	-0.63	HYLN
ADNT	0.35	0.56	-0.69	0.52	0.77	0.58	0.84		0.59	-0.72	ADNT
HLLY	0.75	0.33	-0.3	0.41	0.7	0.61	0.53	0.59		-0.73	HLLY
ECX	-0.6	-0.27	0.57	-0.39	-0.7	-0.52	-0.63	-0.72	-0.73		ECX
	INVZ	LAZR	HSAI	MBLY	AEVA	QS	HYLN	ADNT	HLLY	ECX

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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

QS	+ 0.86	AEVA
ADNT	+ 0.84	HYLN
HYLN	+ 0.8	AEVA
QS	+ 0.79	MBLY
AEVA	+ 0.77	MBLY
ADNT	+ 0.77	AEVA

High negative correlations

HYLN	- 0.8	HSAI
ECX	- 0.73	HLLY
ECX	- 0.72	ADNT
ECX	- 0.7	AEVA
ADNT	- 0.69	HSAI
ECX	- 0.63	HYLN

Risk-Adjusted Indicators

There is a big difference between Aeye Stock performing well and Aeye 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 Aeye'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	7.54	0.50	0.05	0.30	8.92	(7.71)	18.88	(12.12)	58.83
LAZR	6.26	0.24	0.02	0.01	6.32	(7.70)	20.22	(11.43)	39.94
HSAI	7.15	1.37	0.24	(0.65)	6.27	(9.12)	16.71	(10.38)	59.23
MBLY	3.32	(0.01)	0.00	(0.09)	0.00	0.00	5.71	(8.31)	21.69
AEVA	3.24	(0.52)	0.00	(0.32)	0.00	0.00	6.22	(6.98)	22.83
QS	3.35	(0.10)	0.00	(0.23)	0.00	0.00	7.04	(6.89)	23.51
HYLN	3.36	(0.72)	0.00	(0.42)	0.00	0.00	7.54	(7.05)	21.35
ADNT	2.14	(0.37)	0.00	(0.38)	0.00	0.00	3.74	(4.95)	10.62
HLLY	2.57	(0.09)	0.00	3.02	0.00	0.00	3.65	(5.72)	41.95
ECX	4.60	0.59	0.14	(1.55)	4.36	(5.52)	10.40	(6.94)	43.45

Aeye Corporate Management

Blair LaCorte	CEO Director	Profile
Robert Brown	CFO Treasurer	Profile
Bernd Reichert	VP ADAS	Profile
Conor Tierney	Chief Officer	Profile
Brenda Carrillo	Project Manager	Profile

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