AEye Correlations

LIDRW Stock

USD 0.06 0.01 12.94%

The current 90-days correlation between AEye Inc and Aeye Inc is -0.05 (i.e., Good 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 -0.15 (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 metropolitan statistical area.

Moving together with AEye Stock

0.66

Global Blue Group

Pair Corr

Moving against AEye Stock

0.41	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.4	EVCM	EverCommerce	Pair Corr
0.35	EVTC	Evertec	Pair Corr
0.58	GEN	Gen Digital	Pair Corr
0.38	FMTO	Femto Technologies Symbol Change	Pair Corr

Related Correlations Analysis

	FFIEW	INVZW	LIDR	LILMW	XOSWW
FFIEW		-0.16	-0.3	0.0	0.49	FFIEW
INVZW	-0.16		0.68	0.0	-0.49	INVZW
LIDR	-0.3	0.68		0.0	-0.42	LIDR
LILMW	0.0	0.0	0.0		0.0	LILMW
XOSWW	0.49	-0.49	-0.42	0.0		XOSWW
	FFIEW	INVZW	LIDR	LILMW	XOSWW

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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

LIDR	+ 0.68	INVZW
XOSWW	+ 0.49	FFIEW
LILMW	+ 0.0	FFIEW
LILMW	+ 0.0	INVZW
LILMW	+ 0.0	LIDR
XOSWW	+ 0.0	LILMW

High negative correlations

XOSWW	- 0.49	INVZW
XOSWW	- 0.42	LIDR
LIDR	- 0.3	FFIEW
INVZW	- 0.16	FFIEW
XOSWW	- 0.0	LILMW
LILMW	- 0.0	LIDR

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
FFIEW	12.64	2.57	0.28	(0.71)	9.47	(18.10)	28.54	(21.27)	178.68
INVZW	10.16	0.76	0.06	0.97	10.58	(12.22)	21.43	(21.05)	78.66
LIDR	8.87	(0.05)	0.01	0.01	10.67	(10.85)	14.78	(17.16)	92.02
LILMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XOSWW	15.54	2.84	0.20	(1.13)	13.03	(21.22)	28.38	(22.92)	147.88

AEye Corporate Management

Blair LaCorte	CEO Director	Profile
Robert Brown	Chief Officer	Profile
Bernd Reichert	VP ADAS	Profile
Thomas Tewell	Chief Officer	Profile

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