Eve Holding, Inc. (EVEX) — Stock Correlations & Overview
Over the past year, EVEX has moved most closely with ACHR, ARCX, JOBY. Explore the stocks most correlated and inversely correlated with EVEX below, along with its price, financials, and company profile.
Stocks correlated with EVEX
Correlation of daily returns. Higher positive values move with EVEX; negative values move opposite it. Informational only, not investment advice.
Most correlated with EVEX
| Symbol | Company | Correlation |
|---|---|---|
| ACHR | Archer Aviation Inc.AIRCRAFT | 0.73 |
| ARCX | Tradr 2X Long ACHR Daily ETF | 0.73 |
| JOBY | Joby Aviation, Inc.AIRCRAFT | 0.71 |
| JOBX | Tradr 2X Long JOBY Daily ETF | 0.69 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 0.65 |
Most inversely correlated with EVEX
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.60 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.54 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.54 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.53 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.53 |
Frequently asked questions about EVEX correlations
- Which stocks are most correlated with EVEX?
- Based on one year of daily returns, the stocks most correlated with Eve Holding, Inc. (EVEX) are ACHR (0.73), ARCX (0.73) and JOBY (0.71). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with EVEX?
- Over the past year, the stocks most inversely correlated with Eve Holding, Inc. (EVEX) are SARK (-0.60), HIBS (-0.54) and SPDN (-0.54). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these EVEX correlations calculated?
- We compute the correlation of daily returns between EVEX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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