Foresight Autonomous Correlations

FRSX Stock

USD 0.64 0.02 3.03%

The current 90-days correlation between Foresight Autonomous and Aeye Inc is 0.23 (i.e., Modest 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

Modest diversification

The correlation between Foresight Autonomous Holdings and DJI is 0.24 (i.e., Modest 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.

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

0.61	BWA	BorgWarner	Pair Corr
0.85	MGA	Magna International	Pair Corr
0.88	MOD	Modine Manufacturing	Pair Corr
0.77	INVZ	Innoviz Technologies	Pair Corr
0.89	NWTN	NWTN Class B	Pair Corr
0.8	VFSWW	VinFast Auto	Pair Corr
0.63	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.7	ADNT	Adient PLC Downward Rally	Pair Corr
0.62	TSLA	Tesla Inc Aggressive Push	Pair Corr
0.72	M	Macys Inc	Pair Corr
0.67	W	Wayfair	Pair Corr
0.71	BC	Brunswick	Pair Corr
0.65	RH	RH	Pair Corr
0.63	UA	Under Armour C	Pair Corr
0.61	DOGZ	Dogness International	Pair Corr
0.71	DOOO	BRP Inc	Pair Corr
0.64	VEEE	Twin Vee Powercats	Pair Corr
0.87	VNCE	Vince Holding Corp	Pair Corr
0.64	VSCO	Victorias Secret	Pair Corr
0.64	EEIQ	Elite Education Group	Pair Corr

Moving against Foresight Stock

0.68	JD	JD Inc Adr	Pair Corr
0.62	IH	Ihuman Inc	Pair Corr
0.61	LI	Li Auto	Pair Corr
0.56	DAN	Dana Inc	Pair Corr
0.43	GV	Visionary Education	Pair Corr
0.36	APTV	Aptiv PLC	Pair Corr
0.33	XOSWW	Xos Equity Warrants	Pair Corr
0.86	AGS	PlayAGS	Pair Corr
0.71	VIPS	Vipshop Holdings	Pair Corr
0.67	AZO	AutoZone	Pair Corr
0.66	VSTA	Vasta Platform Trending	Pair Corr
0.59	EVRI	Everi Holdings	Pair Corr
0.52	ADT	ADT Inc	Pair Corr
0.45	CDROW	Codere Online Luxembourg	Pair Corr

Related Correlations Analysis

	AEVA	LAZR	HSAI	LIDR	MBLY	LIMAF	SUP	GGROW	ALLG	WPRT
AEVA		0.39	-0.49	0.44	0.5	0.26	0.38	-0.03	0.0	0.17	AEVA
LAZR	0.39		-0.08	0.56	0.28	0.35	0.29	-0.13	0.0	0.03	LAZR
HSAI	-0.49	-0.08		-0.55	-0.47	-0.34	0.04	0.21	0.0	-0.07	HSAI
LIDR	0.44	0.56	-0.55		0.71	0.44	0.04	-0.23	0.0	-0.14	LIDR
MBLY	0.5	0.28	-0.47	0.71		0.34	-0.02	0.15	0.0	0.12	MBLY
LIMAF	0.26	0.35	-0.34	0.44	0.34		0.14	-0.18	0.0	0.25	LIMAF
SUP	0.38	0.29	0.04	0.04	-0.02	0.14		-0.23	0.0	-0.23	SUP
GGROW	-0.03	-0.13	0.21	-0.23	0.15	-0.18	-0.23		0.0	0.46	GGROW
ALLG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ALLG
WPRT	0.17	0.03	-0.07	-0.14	0.12	0.25	-0.23	0.46	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

MBLY	+ 0.71	LIDR
LIDR	+ 0.56	LAZR
MBLY	+ 0.5	AEVA
WPRT	+ 0.46	GGROW
LIDR	+ 0.44	AEVA
LIMAF	+ 0.44	LIDR

High negative correlations

LIDR	- 0.55	HSAI
HSAI	- 0.49	AEVA
MBLY	- 0.47	HSAI
LIMAF	- 0.34	HSAI
WPRT	- 0.23	SUP
GGROW	- 0.23	SUP

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	4.49	1.12	0.21	0.38	4.05	(5.69)	11.75	(6.98)	34.73
LAZR	7.27	0.77	0.09	0.34	7.66	(8.39)	25.55	(12.50)	56.20
HSAI	6.31	0.69	0.12	(3.13)	6.00	(8.15)	12.63	(10.38)	59.23
LIDR	8.15	(0.14)	0.00	(0.41)	0.00	0.00	14.78	(17.16)	92.02
MBLY	3.26	(0.02)	0.00	(0.06)	0.00	0.00	5.71	(7.67)	21.69
LIMAF	1.55	(0.14)	0.00	(6.18)	0.00	0.00	2.87	(3.10)	9.30
SUP	3.47	0.29	0.07	0.25	4.02	(4.49)	6.94	(5.83)	28.51
GGROW	15.26	2.50	0.15	1.27	13.98	(21.28)	46.04	(32.66)	82.59
ALLG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WPRT	2.85	0.21	0.05	0.09	3.51	(2.94)	5.91	(5.41)	18.05

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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