ZOOZ Power Correlations

ZOOZ Stock

1.31 0.01 0.77%

The current 90-days correlation between ZOOZ Power and Kite Realty Group is 0.23 (i.e., Modest diversification). The correlation of ZOOZ Power 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.

ZOOZ Power Correlation With Market

Modest diversification

The correlation between ZOOZ Power Ltd and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZOOZ Power Ltd and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZOOZ Power 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 persons.

Moving together with ZOOZ Stock

0.72	VIRC	Virco Manufacturing	Pair Corr
0.75	GPK	Graphic Packaging Holding	Pair Corr
0.84	HRB	HR Block	Pair Corr

Moving against ZOOZ Stock

0.71	OI	O I Glass	Pair Corr
0.65	MB	MasterBeef Group Ordinary	Pair Corr
0.63	RECT	Rectitude Holdings	Pair Corr
0.6	CASY	Caseys General Stores	Pair Corr
0.6	CHPT	ChargePoint Holdings	Pair Corr
0.57	F-PB	Ford Motor	Pair Corr
0.55	EFOI	Energy Focu	Pair Corr
0.49	JBDI	JBDI Holdings Limited	Pair Corr
0.45	SW	Smurfit WestRock plc	Pair Corr
0.4	NVVEW	Nuvve Holding Corp	Pair Corr
0.4	DRVN	Driven Brands Holdings	Pair Corr
0.33	IP	International Paper	Pair Corr
0.86	EVRI	Everi Holdings	Pair Corr
0.81	FTDR	Frontdoor	Pair Corr
0.79	GEF	Greif Bros	Pair Corr
0.74	AGS	PlayAGS	Pair Corr
0.74	CCK	Crown Holdings Earnings Call Tomorrow	Pair Corr
0.73	FIGS	Figs Inc	Pair Corr
0.72	CYD	China Yuchai Interna	Pair Corr
0.7	AIN	Albany International	Pair Corr
0.67	F-PC	Ford Motor	Pair Corr
0.6	WBUY	WEBUY GLOBAL LTD Downward Rally	Pair Corr
0.6	AVY	Avery Dennison Corp Earnings Call This Week	Pair Corr
0.59	F-PD	F PD	Pair Corr
0.44	FLL	Full House Resorts	Pair Corr
0.88	KFS	Kingsway Financial	Pair Corr
0.84	MRM	Medirom Healthcare	Pair Corr
0.77	KAR	KAR Auction Services	Pair Corr
0.71	HNI	HNI Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	KRG	AKTAF	CPNG	CBEEF	PBNAF	CDR-PB	ARW	MJDLF
KRG		0.53	0.7	0.0	0.68	0.22	0.82	0.37	KRG
AKTAF	0.53		0.87	0.0	0.94	0.13	0.82	0.74	AKTAF
CPNG	0.7	0.87		0.0	0.93	0.29	0.95	0.55	CPNG
CBEEF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CBEEF
PBNAF	0.68	0.94	0.93	0.0		0.27	0.92	0.74	PBNAF
CDR-PB	0.22	0.13	0.29	0.0	0.27		0.29	0.1	CDR-PB
ARW	0.82	0.82	0.95	0.0	0.92	0.29		0.61	ARW
MJDLF	0.37	0.74	0.55	0.0	0.74	0.1	0.61		MJDLF
	KRG	AKTAF	CPNG	CBEEF	PBNAF	CDR-PB	ARW	MJDLF

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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

ARW	+ 0.95	CPNG
PBNAF	+ 0.94	AKTAF
PBNAF	+ 0.93	CPNG
ARW	+ 0.92	PBNAF
CPNG	+ 0.87	AKTAF
ARW	+ 0.82	KRG

High negative correlations

MJDLF	- 0.0	CBEEF
ARW	- 0.0	CBEEF
CDR-PB	- 0.0	CBEEF
PBNAF	- 0.0	CBEEF
CBEEF	- 0.0	CPNG
CBEEF	- 0.0	AKTAF

Risk-Adjusted Indicators

There is a big difference between ZOOZ Stock performing well and ZOOZ Power 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 ZOOZ Power'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
KRG	1.05	0.04	0.01	0.17	1.17	(1.11)	2.09	(2.16)	7.04
AKTAF	1.60	0.57	0.21	(3.29)	1.16	(2.51)	4.20	(2.33)	10.02
CPNG	1.17	0.50	0.40	0.89	0.51	(1.50)	3.36	(1.22)	14.48
CBEEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBNAF	0.49	0.25	0.00	(4.86)	0.00	0.00	2.35	0.00	5.74
CDR-PB	1.18	0.14	0.00	(1.91)	1.46	(1.76)	3.39	(3.58)	10.94
ARW	1.02	0.29	0.30	0.49	0.41	(1.28)	2.49	(1.41)	5.68
MJDLF	1.62	0.24	0.05	5.33	1.70	(2.58)	3.68	(3.64)	18.45

ZOOZ Power Corporate Management

David Pincu	VP Engineer	Profile
Tal Harmon	Vice RD	Profile
Eyal Blum	Chief Officer	Profile
Boaz Weizer	Chief Officer	Profile
Jacob Zelicovitch	Chief Officer	Profile

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