Wallbox NV Correlations

WBX Stock

USD 0.34 0.02 5.56%

The current 90-days correlation between Wallbox NV and Kopin is 0.05 (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

Significant diversification

The correlation between Wallbox NV 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 Wallbox NV and DJI in the same portfolio, assuming nothing else is changed.

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

0.69	KE	Kimball Electronics	Pair Corr
0.73	KN	Knowles Cor	Pair Corr
0.64	EBON	Ebang International	Pair Corr
0.64	EXTR	Extreme Networks	Pair Corr
0.71	BDC	Belden Inc	Pair Corr
0.67	BHE	Benchmark Electronics	Pair Corr
0.63	CTS	CTS Corporation	Pair Corr
0.75	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.76	HPQ	HP Inc	Pair Corr
0.65	IDN	Intellicheck Mobilisa Earnings Call Today	Pair Corr
0.72	MEI	Methode Electronics	Pair Corr

Moving against Wallbox Stock

0.35	FKWL	Franklin Wireless Corp	Pair Corr
0.35	DLB	Dolby Laboratories	Pair Corr
0.63	NOK	Nokia Corp ADR Aggressive Push	Pair Corr

Related Correlations Analysis

	KOPN	MMAT	GLW	KULR	EMAN	OUST	LPTH	DAKT	FN	PLXS
KOPN		0.0	0.72	0.19	0.0	0.06	0.42	0.08	-0.07	-0.3	KOPN
MMAT	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MMAT
GLW	0.72	0.0		0.07	0.0	0.04	0.33	0.41	0.33	0.04	GLW
KULR	0.19	0.0	0.07		0.0	0.86	0.79	0.46	0.26	0.5	KULR
EMAN	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	EMAN
OUST	0.06	0.0	0.04	0.86	0.0		0.82	0.61	0.43	0.7	OUST
LPTH	0.42	0.0	0.33	0.79	0.0	0.82		0.49	0.27	0.47	LPTH
DAKT	0.08	0.0	0.41	0.46	0.0	0.61	0.49		0.59	0.83	DAKT
FN	-0.07	0.0	0.33	0.26	0.0	0.43	0.27	0.59		0.7	FN
PLXS	-0.3	0.0	0.04	0.5	0.0	0.7	0.47	0.83	0.7		PLXS
	KOPN	MMAT	GLW	KULR	EMAN	OUST	LPTH	DAKT	FN	PLXS

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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

OUST	+ 0.86	KULR
PLXS	+ 0.83	DAKT
LPTH	+ 0.82	OUST
LPTH	+ 0.79	KULR
GLW	+ 0.72	KOPN
PLXS	+ 0.7	OUST

High negative correlations

PLXS	- 0.3	KOPN
FN	- 0.07	KOPN
PLXS	- 0.0	EMAN
FN	- 0.0	EMAN
DAKT	- 0.0	EMAN
LPTH	- 0.0	EMAN

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
KOPN	5.48	0.77	0.10	0.20	5.39	(6.76)	13.86	(8.38)	38.02
MMAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLW	1.51	0.08	0.00	(0.01)	0.00	0.00	3.43	(3.25)	13.45
KULR	8.70	1.37	0.15	0.38	7.44	(11.70)	28.08	(14.25)	60.30
EMAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OUST	4.43	0.03	0.00	(0.08)	0.00	0.00	7.49	(8.90)	32.30
LPTH	4.63	0.49	0.08	0.65	5.81	(4.92)	12.58	(8.25)	39.62
DAKT	2.04	(0.56)	0.00	(1.26)	0.00	0.00	4.35	(4.33)	19.28
FN	3.19	0.09	0.02	0.04	5.48	(2.96)	5.54	(7.17)	27.92
PLXS	1.30	(0.37)	0.00	(0.64)	0.00	0.00	1.77	(3.00)	12.43

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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