ParaZero Technologies Correlations

PRZO Stock

1.90 0.09 4.52%

The current 90-days correlation between ParaZero Technologies and Sachem Capital Corp is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ParaZero Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ParaZero Technologies Ltd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ParaZero Technologies Correlation With Market

Good diversification

The correlation between ParaZero Technologies Ltd and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ParaZero Technologies Ltd and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ParaZero Technologies Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with ParaZero Stock

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0.89	VSH	Vishay Intertechnology	Pair Corr
0.78	GILT	Gilat Satellite Networks	Pair Corr
0.79	LASR	nLIGHT Inc	Pair Corr
0.88	LITE	Lumentum Holdings	Pair Corr
0.76	RGTIW	Rigetti Computing Downward Rally	Pair Corr
0.65	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.83	QUBT	Quantum Computing Downward Rally	Pair Corr
0.83	RDWR	Radware Earnings Call This Week	Pair Corr
0.77	RGTI	Rigetti Computing Aggressive Push	Pair Corr
0.87	AAOI	Applied Opt	Pair Corr
0.81	ADTN	ADTRAN Inc	Pair Corr
0.82	AVNW	Aviat Networks	Pair Corr
0.82	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.78	MU	Micron Technology	Pair Corr
0.75	MX	MagnaChip Semiconductor	Pair Corr
0.92	ON	ON Semiconductor Earnings Call This Week	Pair Corr
0.72	VRRM	Verra Mobility Corp	Pair Corr
0.77	ENLV	Enlivex Therapeutics	Pair Corr
0.74	ENTG	Entegris	Pair Corr
0.82	ADI	Analog Devices	Pair Corr
0.92	AMD	Advanced Micro Devices	Pair Corr
0.81	ARM	Arm Holdings plc	Pair Corr
0.74	FRGE	Forge Global Holdings	Pair Corr
0.77	GFS	Globalfoundries	Pair Corr

Moving against ParaZero Stock

0.61	QMCO	Quantum	Pair Corr
0.59	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	REGN	CNTA	SACH	VGAS	CDR-PB	CPRX
REGN		0.12	-0.39	0.13	0.05	0.05	REGN
CNTA	0.12		0.53	0.12	0.59	-0.55	CNTA
SACH	-0.39	0.53		0.04	0.34	-0.59	SACH
VGAS	0.13	0.12	0.04		-0.07	-0.17	VGAS
CDR-PB	0.05	0.59	0.34	-0.07		-0.3	CDR-PB
CPRX	0.05	-0.55	-0.59	-0.17	-0.3		CPRX
	REGN	CNTA	SACH	VGAS	CDR-PB	CPRX

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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

CDR-PB	+ 0.59	CNTA
SACH	+ 0.53	CNTA
CDR-PB	+ 0.34	SACH
VGAS	+ 0.13	REGN
CNTA	+ 0.12	REGN
VGAS	+ 0.12	CNTA

High negative correlations

CPRX	- 0.59	SACH
CPRX	- 0.55	CNTA
SACH	- 0.39	REGN
CPRX	- 0.3	CDR-PB
CPRX	- 0.17	VGAS
CDR-PB	- 0.07	VGAS

Risk-Adjusted Indicators

There is a big difference between ParaZero Stock performing well and ParaZero Technologies 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 ParaZero Technologies' 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
REGN	1.99	(0.15)	(0.03)	0.02	4.27	(1.85)	4.28	(3.97)	28.08
CNTA	2.48	0.30	0.11	0.35	2.99	(2.82)	4.85	(5.35)	15.95
SACH	2.83	0.31	0.06	1.23	3.03	(3.58)	8.49	(5.79)	21.31
VGAS	2.92	(0.30)	0.00	(0.08)	0.00	0.00	6.67	(5.52)	16.85
CDR-PB	1.22	0.07	(0.03)	(1.29)	1.58	(1.82)	3.39	(3.61)	10.94
CPRX	1.57	(0.29)	0.00	(0.13)	0.00	0.00	2.63	(3.42)	7.85

ParaZero Technologies Corporate Management

Regev Livne	Chief Officer	Profile
Oren Aviram	Vice Sales	Profile
Boaz Shetzer	Chief Officer	Profile
Yuval Gilad	Chief Officer	Profile
Yuval Tovias	Chief Officer	Profile

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