Wallbox NV Correlations

WBX Stock

USD 4.95 0.03 0.60%

The current 90-days correlation between Wallbox NV and Genasys is 0.03 (i.e., Significant diversification). The correlation of Wallbox NV 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.

Wallbox NV Correlation With Market

Modest diversification

The correlation between Wallbox NV and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wallbox NV and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Wallbox Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wallbox NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Wallbox Stock please use our How to Invest in Wallbox NV guide.

Moving together with Wallbox Stock

0.61	301379	Techshine Electronics	Pair Corr
0.63	SNT	Sabien Technology	Pair Corr

Moving against Wallbox Stock

0.59	300333	Sinosun Tech	Pair Corr
0.45	002175	Oriental Times Media	Pair Corr
0.45	300076	Ningbo GQY Video	Pair Corr
0.43	000829	Telling Telecommunicatio	Pair Corr
0.4	ARW	Arrow Electronics Earnings Call This Week	Pair Corr
0.34	301321	Highbroad Advanced	Pair Corr
0.34	CDW	CDW Corp Sell-off Trend	Pair Corr
0.67	002161	Invengo Information	Pair Corr
0.65	600707	Caihong Display Devices	Pair Corr
0.61	002268	Westone Information	Pair Corr
0.43	002036	LianChuang Electronic	Pair Corr
0.36	301282	Camelot Electronics	Pair Corr
0.32	EVLVW	Evolv Technologies	Pair Corr
0.32	300657	XiaMen HongXin Electron	Pair Corr
0.32	688020	Guangzhou Fangbang	Pair Corr

Related Correlations Analysis

	GNSS	SLNH	LINK	CMTL	OPTX	SILC	MIND	HOLO	PSQH	NUKK
GNSS		0.63	0.88	0.57	0.16	0.68	-0.47	0.52	0.43	0.34	GNSS
SLNH	0.63		0.64	0.87	0.61	0.47	0.01	0.07	0.47	0.74	SLNH
LINK	0.88	0.64		0.56	0.04	0.59	-0.42	0.42	0.3	0.38	LINK
CMTL	0.57	0.87	0.56		0.73	0.55	0.0	0.15	0.48	0.81	CMTL
OPTX	0.16	0.61	0.04	0.73		0.2	0.28	-0.17	0.38	0.65	OPTX
SILC	0.68	0.47	0.59	0.55	0.2		-0.49	0.38	0.38	0.29	SILC
MIND	-0.47	0.01	-0.42	0.0	0.28	-0.49		-0.62	-0.27	-0.02	MIND
HOLO	0.52	0.07	0.42	0.15	-0.17	0.38	-0.62		0.45	0.16	HOLO
PSQH	0.43	0.47	0.3	0.48	0.38	0.38	-0.27	0.45		0.48	PSQH
NUKK	0.34	0.74	0.38	0.81	0.65	0.29	-0.02	0.16	0.48		NUKK
	GNSS	SLNH	LINK	CMTL	OPTX	SILC	MIND	HOLO	PSQH	NUKK

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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

LINK	+ 0.88	GNSS
CMTL	+ 0.87	SLNH
NUKK	+ 0.81	CMTL
NUKK	+ 0.74	SLNH
OPTX	+ 0.73	CMTL
SILC	+ 0.68	GNSS

High negative correlations

HOLO	- 0.62	MIND
MIND	- 0.49	SILC
MIND	- 0.47	GNSS
MIND	- 0.42	LINK
PSQH	- 0.27	MIND
HOLO	- 0.17	OPTX

Risk-Adjusted Indicators

There is a big difference between Wallbox Stock performing well and Wallbox NV 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 Wallbox NV'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
GNSS	2.71	0.18	0.07	0.19	3.00	(3.40)	7.29	(5.83)	20.62
SLNH	11.15	3.72	0.42	4.78	7.37	(15.36)	39.41	(13.46)	113.36
LINK	6.02	0.64	0.11	0.59	5.73	(7.83)	14.61	(9.84)	39.80
CMTL	3.27	0.50	0.15	0.33	3.55	(4.03)	7.03	(5.53)	23.38
OPTX	5.86	0.47	0.08	0.32	6.05	(7.07)	16.67	(11.30)	33.64
SILC	2.16	0.23	0.04	(0.30)	2.48	(2.42)	4.32	(4.32)	13.79
MIND	4.18	0.34	0.10	0.20	4.53	(4.73)	9.33	(6.09)	26.13
HOLO	3.87	(0.49)	0.00	(0.03)	0.00	0.00	7.01	(7.72)	26.47
PSQH	5.11	0.15	0.02	0.17	6.93	(6.08)	17.43	(9.17)	43.12
NUKK	8.42	0.07	0.02	0.10	9.79	(9.00)	17.65	(14.78)	50.68

Wallbox NV Corporate Management

Oriol Magrazo	Chief Officer	Profile
Enric Escorsa	CEO CoFounder	Profile
Jordi Gavalda	Chief Officer	Profile
Masud Rabbani	Chief Officer	Profile
Myriam Boublil	Chief Officer	Profile

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