Foresight Autonomous Correlations

FRSX Stock

USD 0.45 0.05 10.00%

The current 90-days correlation between Foresight Autonomous and Aeye Inc is 0.36 (i.e., Weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Foresight Autonomous Correlation With Market

Weak diversification

The correlation between Foresight Autonomous Holdings and DJI is 0.36 (i.e., Weak 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.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foresight Autonomous Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Foresight Stock

0.71	TM	Toyota Motor	Pair Corr
0.91	EVTV	Envirotech Vehicles	Pair Corr
0.61	MULN	Mullen Automotive	Pair Corr

Moving against Foresight Stock

0.86	ALV	Autoliv	Pair Corr
0.85	FLYE	Fly E Group,	Pair Corr
0.79	NWTN	NWTN Class B	Pair Corr
0.78	BWA	BorgWarner	Pair Corr
0.77	DAN	Dana Inc	Pair Corr
0.74	FOXF	Fox Factory Holding	Pair Corr
0.72	VC	Visteon Corp Earnings Call This Week	Pair Corr
0.69	ECX	ECARX Holdings Class	Pair Corr
0.68	GM	General Motors Earnings Call This Week	Pair Corr
0.68	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.66	MPAA	Motorcar Parts	Pair Corr
0.64	F	Ford Motor Earnings Call This Week	Pair Corr
0.63	ECXWW	ECARX Holdings Warrants	Pair Corr
0.62	LI	Li Auto	Pair Corr
0.57	ZK	ZEEKR Intelligent	Pair Corr
0.57	MBLY	Mobileye Global Class	Pair Corr
0.56	QS	Quantumscape Corp Earnings Call This Week	Pair Corr
0.51	AXL	American Axle Manufa	Pair Corr
0.47	DORM	Dorman Products	Pair Corr
0.44	CPS	Cooper Stnd	Pair Corr
0.37	VFSWW	VinFast Auto	Pair Corr
0.36	WKSP	Worksport	Pair Corr
0.32	WKHS	Workhorse Group	Pair Corr
0.94	JL	J Long Group	Pair Corr
0.87	W	Wayfair	Pair Corr
0.87	AS	Amer Sports,	Pair Corr
0.87	DOOO	BRP Inc	Pair Corr
0.86	BH	Biglari Holdings	Pair Corr
0.85	FL	Foot Locker	Pair Corr
0.83	BC	Brunswick Earnings Call This Week	Pair Corr
0.82	UA	Under Armour C	Pair Corr
0.78	DKNG	DraftKings	Pair Corr
0.76	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.76	AN	AutoNation	Pair Corr

Related Correlations Analysis

	AEVA	LAZR	HSAI	LIDR	MBLY	LIMAF	SUP	GGROW	ALLG	WPRT
AEVA		-0.76	0.76	0.8	0.77	0.88	-0.86	-0.46	0.0	0.54	AEVA
LAZR	-0.76		-0.47	-0.67	-0.37	-0.54	0.58	0.32	0.0	-0.43	LAZR
HSAI	0.76	-0.47		0.72	0.81	0.85	-0.78	-0.23	0.0	0.49	HSAI
LIDR	0.8	-0.67	0.72		0.56	0.68	-0.66	-0.05	0.0	0.79	LIDR
MBLY	0.77	-0.37	0.81	0.56		0.8	-0.68	-0.44	0.0	0.29	MBLY
LIMAF	0.88	-0.54	0.85	0.68	0.8		-0.92	-0.42	0.0	0.5	LIMAF
SUP	-0.86	0.58	-0.78	-0.66	-0.68	-0.92		0.45	0.0	-0.46	SUP
GGROW	-0.46	0.32	-0.23	-0.05	-0.44	-0.42	0.45		0.0	0.24	GGROW
ALLG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ALLG
WPRT	0.54	-0.43	0.49	0.79	0.29	0.5	-0.46	0.24	0.0		WPRT
	AEVA	LAZR	HSAI	LIDR	MBLY	LIMAF	SUP	GGROW	ALLG	WPRT

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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

LIMAF	+ 0.88	AEVA
LIMAF	+ 0.85	HSAI
MBLY	+ 0.81	HSAI
LIDR	+ 0.8	AEVA
LIMAF	+ 0.8	MBLY
WPRT	+ 0.79	LIDR

High negative correlations

SUP	- 0.92	LIMAF
SUP	- 0.86	AEVA
SUP	- 0.78	HSAI
LAZR	- 0.76	AEVA
SUP	- 0.68	MBLY
LIDR	- 0.67	LAZR

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
AEVA	6.28	2.23	0.28	0.87	6.88	(7.04)	15.05	(10.77)	42.39
LAZR	4.10	(0.45)	0.00	(0.15)	0.00	0.00	10.58	(7.98)	30.92
HSAI	4.63	0.76	0.17	0.62	4.26	(5.39)	12.75	(7.76)	28.55
LIDR	4.83	0.85	0.17	0.63	4.90	(5.90)	14.44	(7.62)	27.62
MBLY	2.78	0.18	0.09	0.24	2.62	(3.23)	9.32	(4.32)	18.63
LIMAF	1.24	0.55	0.35	4.89	0.37	(1.82)	3.57	(1.55)	12.91
SUP	7.97	(3.41)	0.00	24.37	0.00	0.00	9.52	(23.25)	81.65
GGROW	10.50	0.53	0.06	0.34	10.71	(15.28)	24.44	(20.70)	95.24
ALLG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WPRT	2.09	0.58	0.17	(1.30)	2.03	(2.62)	4.66	(3.72)	12.93

Foresight Autonomous Corporate Management

Kfir Zilberman	Bus Consultant	Profile
Eliyahu Yoresh	Chief Officer	Profile
Izac Assia	Vice Management	Profile
Sivan Scherf	Vice Recourses	Profile
Dror Elbaz	Chief Mobile	Profile
Oren BarOn	Chief Operations	Profile

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