ZOOZ Power Correlations

ZOOZW Stock

0.09 0.0002 0.23%

The current 90-days correlation between ZOOZ Power and ZOOZ Power Ltd is -0.04 (i.e., Good 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 0.1 (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 nation.

Moving together with ZOOZ Stock

0.61	KAR	KAR Auction Services	Pair Corr
0.61	KRT	Karat Packaging	Pair Corr

Moving against ZOOZ Stock

0.77	AVY	Avery Dennison Corp	Pair Corr
0.76	CCK	Crown Holdings	Pair Corr
0.75	OI	O I Glass	Pair Corr
0.72	EBET	Ebet Inc	Pair Corr
0.66	F-PC	Ford Motor	Pair Corr
0.64	JBDI	JBDI Holdings Limited	Pair Corr
0.63	NVVE	Nuvve Holding Corp	Pair Corr
0.63	F-PD	F PD	Pair Corr
0.62	WPRT	Westport Fuel Systems	Pair Corr
0.59	F-PB	Ford Motor	Pair Corr
0.51	EXTO	Almacenes xito SA	Pair Corr
0.47	CHPT	ChargePoint Holdings	Pair Corr
0.47	VIRC	Virco Manufacturing	Pair Corr
0.32	FIGS	Figs Inc Downward Rally	Pair Corr
0.7	MRM	Medirom Healthcare	Pair Corr
0.64	CYD	China Yuchai Interna	Pair Corr
0.61	DSS	DSS Inc	Pair Corr
0.54	FXLV	F45 Training Holdings	Pair Corr
0.53	IPW	iPower Inc	Pair Corr
0.53	IVP	Inspire Veterinary	Pair Corr
0.53	BC-PC	Brunswick Corp	Pair Corr
0.5	MMA	Alta Global Group	Pair Corr
0.5	MYE	Myers Industries	Pair Corr
0.46	BC-PA	Brunswick Corp	Pair Corr
0.43	ROL	Rollins	Pair Corr
0.4	GPK	Graphic Packaging Holding	Pair Corr
0.37	FRZA	Forza X1	Pair Corr

Related Correlations Analysis

	ZOOZ	JBDI	NVVE	CGTL	CHPT	BC-PA	BC-PC	BC-PB	SHMDW
ZOOZ		-0.85	-0.8	-0.5	-0.62	-0.38	-0.54	-0.04	-0.23	ZOOZ
JBDI	-0.85		0.79	0.46	0.75	0.63	0.76	0.2	0.09	JBDI
NVVE	-0.8	0.79		0.23	0.69	0.47	0.61	0.08	0.23	NVVE
CGTL	-0.5	0.46	0.23		0.07	0.08	0.18	-0.04	0.15	CGTL
CHPT	-0.62	0.75	0.69	0.07		0.63	0.76	0.3	0.23	CHPT
BC-PA	-0.38	0.63	0.47	0.08	0.63		0.86	0.68	0.13	BC-PA
BC-PC	-0.54	0.76	0.61	0.18	0.76	0.86		0.57	0.05	BC-PC
BC-PB	-0.04	0.2	0.08	-0.04	0.3	0.68	0.57		0.02	BC-PB
SHMDW	-0.23	0.09	0.23	0.15	0.23	0.13	0.05	0.02		SHMDW
	ZOOZ	JBDI	NVVE	CGTL	CHPT	BC-PA	BC-PC	BC-PB	SHMDW

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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

BC-PC	+ 0.86	BC-PA
NVVE	+ 0.79	JBDI
BC-PC	+ 0.76	JBDI
BC-PC	+ 0.76	CHPT
CHPT	+ 0.75	JBDI
CHPT	+ 0.69	NVVE

High negative correlations

JBDI	- 0.85	ZOOZ
NVVE	- 0.8	ZOOZ
CHPT	- 0.62	ZOOZ
BC-PC	- 0.54	ZOOZ
CGTL	- 0.5	ZOOZ
BC-PA	- 0.38	ZOOZ

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
ZOOZ	3.06	0.76	0.22	1.21	2.87	(3.83)	8.89	(6.46)	23.46
JBDI	4.44	(0.84)	0.00	0.86	0.00	0.00	9.71	(9.48)	46.13
NVVE	4.54	0.03	0.01	0.05	4.58	(6.88)	8.13	(9.03)	82.62
CGTL	8.53	4.29	0.55	4.23	4.94	(10.70)	28.87	(11.76)	51.48
CHPT	3.56	(0.14)	0.00	(0.83)	0.00	0.00	7.26	(8.00)	19.53
BC-PA	0.52	(0.05)	0.00	(0.14)	0.00	0.00	1.36	(1.03)	3.86
BC-PC	0.50	(0.06)	0.00	(1.38)	0.00	0.00	1.31	(1.14)	2.58
BC-PB	0.46	0.01	(0.04)	(0.55)	0.51	(0.55)	0.96	(0.92)	2.41
SHMDW	9.78	0.39	0.03	0.24	10.30	(12.42)	21.74	(16.67)	55.31

ZOOZ Power Corporate Management

Nir Zohar	Vice Customers	Profile
David Pincu	Vice Development	Profile
Eyal Blum	Chief Officer	Profile
Boaz Weizer	Chief Officer	Profile
Udi Tzuri	Vice Product	Profile

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