N2OFF Correlations
| NITO Stock | 0.30 0.03 9.09% |
The current 90-days correlation between N2OFF Inc and Western Copper and is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as N2OFF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if N2OFF Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
N2OFF Correlation With Market
Significant diversification
The correlation between N2OFF Inc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding N2OFF Inc and DJI in the same portfolio, assuming nothing else is changed.
N2OFF |
Moving against N2OFF Stock
| 0.42 | VALE | Vale SA ADR Aggressive Push | PairCorr |
| 0.41 | MT | ArcelorMittal SA ADR | PairCorr |
| 0.39 | DD | Dupont De Nemours | PairCorr |
Related Correlations Analysis
| 0.12 | 0.19 | 0.2 | 0.35 | 0.23 | 0.23 | WRN | ||
| 0.12 | 0.55 | 0.24 | 0.4 | 0.3 | 0.49 | IONR | ||
| 0.19 | 0.55 | 0.23 | 0.6 | -0.16 | 0.56 | SAIA | ||
| 0.2 | 0.24 | 0.23 | 0.25 | 0.15 | 0.17 | WETO | ||
| 0.35 | 0.4 | 0.6 | 0.25 | -0.26 | 0.51 | KALU | ||
| 0.23 | 0.3 | -0.16 | 0.15 | -0.26 | -0.1 | COE | ||
| 0.23 | 0.49 | 0.56 | 0.17 | 0.51 | -0.1 | LAC | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between N2OFF Stock performing well and N2OFF 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 N2OFF'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WRN | 2.28 | (0.07) | 0.00 | 0.10 | 0.00 | 4.76 | 12.71 | |||
| IONR | 3.31 | 0.16 | 0.00 | (0.01) | 0.00 | 6.70 | 32.97 | |||
| SAIA | 2.26 | (0.44) | 0.00 | (0.39) | 0.00 | 3.58 | 15.36 | |||
| WETO | 2.53 | (0.29) | 0.00 | (1.05) | 0.00 | 4.44 | 10.00 | |||
| KALU | 1.49 | (0.11) | 0.00 | (0.32) | 0.00 | 3.07 | 9.62 | |||
| COE | 3.30 | 0.91 | 0.27 | (3.44) | 2.78 | 10.43 | 29.17 | |||
| LAC | 2.89 | (0.05) | 0.00 | (0.13) | 0.00 | 6.73 | 18.06 |
N2OFF Corporate Executives
Elected by the shareholders, the N2OFF's board of directors comprises two types of representatives: N2OFF inside directors who are chosen from within the company, and outside directors, selected externally and held independent of N2OFF. The board's role is to monitor N2OFF's management team and ensure that shareholders' interests are well served. N2OFF's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, N2OFF's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lital Barda | Financial CFO | Profile |