Foresight Autonomous Correlations

FRSX Stock

ILA 5.60 0.20 3.45%

The current 90-days correlation between Foresight Autonomous and Schnapp is -0.08 (i.e., Good diversification). The correlation of Foresight Autonomous 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.

Foresight Autonomous Correlation With Market

Average diversification

The correlation between Foresight Autonomous Holdings and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foresight Autonomous Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Foresight Autonomous could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foresight Autonomous when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Foresight Autonomous - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Foresight Autonomous Holdings to buy it.

Moving together with Foresight Stock

0.87

INFR

Infimer

Pair Corr

Moving against Foresight Stock

0.93	FORTY	Formula	Pair Corr
0.9	MRIN	YD More Investments	Pair Corr
0.89	SCOP	Scope Metals Group	Pair Corr
0.88	STRS	Strauss Group	Pair Corr
0.88	ELCO	Elco	Pair Corr
0.86	SAE	Shufersal	Pair Corr
0.84	SKBN	Shikun Binui	Pair Corr
0.84	JBNK	Jerusalem	Pair Corr
0.83	MGDL	Migdal Insurance	Pair Corr
0.8	TDGN	Tadir Gan 1993	Pair Corr
0.8	ELTR	Electra	Pair Corr
0.8	MVNE	Mivne Real Estate	Pair Corr
0.78	ARNA	Arena Star Group	Pair Corr
0.75	WILC	G Willi Food	Pair Corr
0.7	TEDE	Tedea Technological	Pair Corr
0.69	APLP	Apollo Power	Pair Corr
0.65	LBTL	Libental	Pair Corr
0.63	BSEN	Bet Shemesh Engines	Pair Corr
0.55	AVLN	Aviv Arlon	Pair Corr
0.52	BIGT	Big Tech 50	Pair Corr
0.51	MTRD	Meitav Trade Inv	Pair Corr
0.47	IGLD	Internet Gold Golden	Pair Corr
0.45	ICL	ICL Israel Chemicals	Pair Corr
0.4	ESLT	Elbit Systems	Pair Corr
0.95	LUMI	Bank Leumi Le	Pair Corr
0.94	POLI	Bank Hapoalim	Pair Corr
0.93	MLRN	MLRN Projects	Pair Corr
0.93	NTML	Neto Malinda	Pair Corr
0.93	MTAV	MEITAV INVESTMENTS HOUSE	Pair Corr
0.92	HLAN	Hilan	Pair Corr
0.92	MTRX	Matrix	Pair Corr
0.92	FIBIH	FIBI Holdings	Pair Corr
0.9	NAWI	Nawi Brothers Group	Pair Corr

Related Correlations Analysis

	RVL	SHNP	FRSX	TDGN	RAVD	BEZQ	MVNE	POLP	DLTI	NTML
RVL		-0.01	0.18	-0.41	-0.41	-0.07	-0.24	0.01	0.02	-0.19	RVL
SHNP	-0.01		0.09	0.26	0.33	0.13	0.45	-0.02	0.25	0.07	SHNP
FRSX	0.18	0.09		-0.8	-0.15	-0.88	-0.8	-0.64	-0.82	-0.93	FRSX
TDGN	-0.41	0.26	-0.8		0.37	0.8	0.89	0.51	0.78	0.86	TDGN
RAVD	-0.41	0.33	-0.15	0.37		0.37	0.4	0.43	0.12	0.18	RAVD
BEZQ	-0.07	0.13	-0.88	0.8	0.37		0.87	0.81	0.84	0.88	BEZQ
MVNE	-0.24	0.45	-0.8	0.89	0.4	0.87		0.6	0.89	0.9	MVNE
POLP	0.01	-0.02	-0.64	0.51	0.43	0.81	0.6		0.61	0.62	POLP
DLTI	0.02	0.25	-0.82	0.78	0.12	0.84	0.89	0.61		0.92	DLTI
NTML	-0.19	0.07	-0.93	0.86	0.18	0.88	0.9	0.62	0.92		NTML
	RVL	SHNP	FRSX	TDGN	RAVD	BEZQ	MVNE	POLP	DLTI	NTML

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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

NTML	+ 0.92	DLTI
NTML	+ 0.9	MVNE
MVNE	+ 0.89	TDGN
DLTI	+ 0.89	MVNE
NTML	+ 0.88	BEZQ
MVNE	+ 0.87	BEZQ

High negative correlations

NTML	- 0.93	FRSX
BEZQ	- 0.88	FRSX
DLTI	- 0.82	FRSX
MVNE	- 0.8	FRSX
TDGN	- 0.8	FRSX
POLP	- 0.64	FRSX

Risk-Adjusted Indicators

There is a big difference between Foresight Stock performing well and Foresight Autonomous 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 Foresight Autonomous' 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
RVL	1.79	(0.04)	0.00	0.92	0.00	0.00	4.28	(3.12)	9.34
SHNP	2.03	(0.15)	0.00	(2.03)	0.00	0.00	5.29	(4.23)	11.58
FRSX	2.89	(0.77)	0.00	(1.57)	0.00	0.00	6.56	(6.15)	14.98
TDGN	2.90	0.27	0.03	(2.95)	3.79	(3.24)	5.71	(6.93)	24.16
RAVD	1.83	0.05	(0.03)	0.59	2.21	(2.23)	5.16	(3.76)	13.42
BEZQ	1.39	0.41	0.15	29.00	1.42	(1.58)	2.87	(2.02)	12.28
MVNE	1.24	0.49	0.23	(8.62)	0.94	(1.46)	2.99	(2.12)	9.22
POLP	1.55	0.19	0.05	0.90	1.69	(1.78)	3.85	(3.71)	12.58
DLTI	2.10	0.47	0.13	(1.75)	2.17	(2.54)	4.33	(3.31)	17.68
NTML	1.38	0.67	0.39	7.21	0.70	(1.79)	3.96	(2.12)	7.86

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Our tools can tell you how much better you can do entering a position in Foresight Autonomous without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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