ZOOZ Power Correlations
| ZOOZW Stock | 0.07 0.03 80.74% |
The current 90-days correlation between ZOOZ Power and Olympic Steel is 0.04 (i.e., Significant 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
Good diversification
The correlation between ZOOZ Power Ltd and DJI is -0.02 (i.e., Good 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.
Moving against ZOOZ Stock
| 0.42 | SW | Smurfit WestRock plc | PairCorr |
| 0.41 | IP | International Paper | PairCorr |
| 0.34 | AVY | Avery Dennison Corp Earnings Call This Week | PairCorr |
| 0.33 | WPRT | Westport Fuel Systems | PairCorr |
| 0.31 | OI | O I Glass | PairCorr |
| 0.36 | PKG | Packaging Corp Earnings Call This Week | PairCorr |
| 0.35 | IPW | iPower Inc | PairCorr |
| 0.33 | BC-PA | Brunswick Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZEUS | 1.78 | (0.04) | 0.02 | 0.11 | 2.16 | 3.98 | 14.85 | |||
| GMS | 2.00 | 0.54 | 0.35 | 0.65 | 0.93 | 4.56 | 25.00 | |||
| AMKR | 1.78 | 0.20 | 0.12 | 0.27 | 1.73 | 3.82 | 11.83 | |||
| ARDX | 3.23 | 0.14 | 0.00 | 14.23 | 5.83 | 5.61 | 29.98 | |||
| FSI | 2.39 | 0.54 | 0.16 | 1.10 | 2.38 | 9.09 | 20.69 | |||
| MCRUF | 0.75 | 0.41 | 0.00 | (0.67) | 0.00 | 2.95 | 18.14 | |||
| NEOG | 3.39 | (0.26) | 0.00 | (0.10) | 0.00 | 6.83 | 28.98 | |||
| PH | 1.00 | 0.21 | 0.22 | 0.32 | 0.59 | 2.76 | 6.22 |
ZOOZ Power Corporate Management
| Tal Harmon | Vice RD | Profile | |
| Nir Zohar | Vice Customers | Profile | |
| David Pincu | Vice Development | Profile | |
| Eyal Blum | Chief Officer | Profile | |
| Boaz Weizer | Chief Officer | Profile |