ZOOZ Power Correlations

ZOOZ Stock

2.72 0.10 3.55%

The current 90-days correlation between ZOOZ Power and Cadence Design Systems is 0.06 (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

Average diversification

The correlation between ZOOZ Power Ltd and DJI is 0.13 (i.e., Average 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.

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	IP	International Paper	Pair Corr
0.64	SW	Smurfit WestRock plc	Pair Corr
0.76	DRVN	Driven Brands Holdings	Pair Corr
0.78	VSTO	Vista Outdoor	Pair Corr
0.67	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.75	FLUT	Flutter Entertainment plc	Pair Corr
0.66	GEF	Greif Bros	Pair Corr
0.76	KAR	KAR Auction Services	Pair Corr
0.85	KRT	Karat Packaging	Pair Corr
0.76	MLR	Miller Industries	Pair Corr

Moving against ZOOZ Stock

0.88	EBET	Ebet Inc	Pair Corr
0.85	JBDI	JBDI Holdings Limited	Pair Corr
0.8	NVVE	Nuvve Holding Corp	Pair Corr
0.68	FIGS	Figs Inc Downward Rally	Pair Corr
0.62	CHPT	ChargePoint Holdings	Pair Corr
0.57	EXTO	Almacenes xito SA	Pair Corr
0.52	F-PC	Ford Motor	Pair Corr
0.5	F-PD	F PD	Pair Corr
0.48	F-PB	Ford Motor	Pair Corr
0.36	OI	O I Glass	Pair Corr
0.31	WPRT	Westport Fuel Systems	Pair Corr
0.83	CYD	China Yuchai Interna	Pair Corr
0.8	IVP	Inspire Veterinary	Pair Corr
0.73	FXLV	F45 Training Holdings	Pair Corr
0.73	MYE	Myers Industries	Pair Corr
0.71	AVY	Avery Dennison Corp	Pair Corr
0.71	DSS	DSS Inc	Pair Corr
0.7	IPW	iPower Inc	Pair Corr
0.59	CCK	Crown Holdings	Pair Corr
0.54	BC-PC	Brunswick Corp	Pair Corr
0.49	FRZA	Forza X1	Pair Corr
0.44	MRM	Medirom Healthcare	Pair Corr
0.43	MMA	Alta Global Group	Pair Corr
0.38	BC-PA	Brunswick Corp	Pair Corr

Related Correlations Analysis

	CDNS	SPG	QLYS	DDOG	FSTR	STKL	CPNG	RXT
CDNS		0.72	0.88	0.77	0.84	0.93	-0.48	0.0	CDNS
SPG	0.72		0.82	0.75	0.84	0.74	-0.34	0.1	SPG
QLYS	0.88	0.82		0.73	0.86	0.91	-0.53	0.18	QLYS
DDOG	0.77	0.75	0.73		0.9	0.74	-0.49	-0.12	DDOG
FSTR	0.84	0.84	0.86	0.9		0.88	-0.62	-0.16	FSTR
STKL	0.93	0.74	0.91	0.74	0.88		-0.62	-0.08	STKL
CPNG	-0.48	-0.34	-0.53	-0.49	-0.62	-0.62		0.39	CPNG
RXT	0.0	0.1	0.18	-0.12	-0.16	-0.08	0.39		RXT
	CDNS	SPG	QLYS	DDOG	FSTR	STKL	CPNG	RXT

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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

STKL	+ 0.93	CDNS
STKL	+ 0.91	QLYS
FSTR	+ 0.9	DDOG
QLYS	+ 0.88	CDNS
STKL	+ 0.88	FSTR
FSTR	+ 0.86	QLYS

High negative correlations

CPNG	- 0.62	STKL
CPNG	- 0.62	FSTR
CPNG	- 0.53	QLYS
CPNG	- 0.49	DDOG
CPNG	- 0.48	CDNS
CPNG	- 0.34	SPG

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
CDNS	1.68	0.18	0.06	(25.94)	2.14	(1.77)	2.92	(4.40)	18.93
SPG	0.92	0.06	0.02	1.27	1.24	(0.93)	1.76	(1.66)	7.36
QLYS	1.81	0.19	0.11	0.28	1.55	(2.42)	3.17	(2.93)	27.28
DDOG	1.93	0.40	0.17	8.21	1.91	(2.21)	5.91	(4.06)	12.05
FSTR	1.97	0.44	0.18	4.36	1.82	(2.20)	6.37	(3.40)	17.99
STKL	1.95	0.24	0.08	0.77	2.24	(2.00)	3.82	(4.54)	17.12
CPNG	1.44	(0.11)	0.00	(0.25)	0.00	0.00	4.63	(3.74)	15.67
RXT	3.11	(0.12)	0.00	(0.02)	0.00	0.00	6.67	(7.05)	21.75

ZOOZ Power Corporate Executives

Elected by the shareholders, the ZOOZ Power's board of directors comprises two types of representatives: ZOOZ Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ZOOZ. The board's role is to monitor ZOOZ Power's management team and ensure that shareholders' interests are well served. ZOOZ Power'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, ZOOZ Power's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ilan David	CoFounder Officer	Profile
Jordan Buchler	VP COO	Profile
Ruth Smadja	CFO COO	Profile

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