ReWalk Robotics Correlations

LFWD Stock

0.64 0 0.62%

The current 90-days correlation between ReWalk Robotics and SINTX Technologies is 0.24 (i.e., Modest diversification). The correlation of ReWalk Robotics 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.

ReWalk Robotics Correlation With Market

Modest diversification

The correlation between ReWalk Robotics and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ReWalk Robotics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ReWalk Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ReWalk Robotics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For information on how to trade ReWalk Stock refer to our How to Trade ReWalk Stock guide.

Moving together with ReWalk Stock

0.69	600055	Beijing Wandong Medical	Pair Corr
0.65	VERO	Venus Concept	Pair Corr
0.67	DXCM	DexCom Inc	Pair Corr
0.66	VTAK	Catheter Precision	Pair Corr
0.73	POLX	Polarean Imaging Plc	Pair Corr

Moving against ReWalk Stock

0.68	EW	Edwards Lifesciences Corp	Pair Corr
0.59	SPEC	Inspecs Group plc	Pair Corr
0.48	688656	HOB Biotech Group	Pair Corr
0.5	300453	Jiangxi Sanxin Medtec	Pair Corr
0.48	300358	Truking Technology	Pair Corr
0.37	002382	Blue Sail Medical	Pair Corr
0.33	BLCO	Bausch Lomb Corp	Pair Corr
0.66	688198	Beijing Balance Medical	Pair Corr
0.65	605186	Shanghai General Healthy	Pair Corr
0.58	FEMY	Femasys	Pair Corr
0.56	ESTA	Establishment Labs	Pair Corr
0.56	AHC	Austco Healthcare	Pair Corr
0.48	BB1	Blinklab	Pair Corr

Related Correlations Analysis

	SINT	IINN	XAIR	RNAZ	DHAI	LYRA	PTHL	INAB	SBFM	TNON
SINT		0.82	0.45	0.22	0.51	0.5	0.57	0.56	-0.06	0.17	SINT
IINN	0.82		0.55	0.36	0.61	0.6	0.69	0.62	0.05	0.28	IINN
XAIR	0.45	0.55		0.82	0.97	0.95	0.84	0.77	0.64	0.73	XAIR
RNAZ	0.22	0.36	0.82		0.78	0.82	0.49	0.6	0.78	0.65	RNAZ
DHAI	0.51	0.61	0.97	0.78		0.96	0.83	0.77	0.57	0.67	DHAI
LYRA	0.5	0.6	0.95	0.82	0.96		0.75	0.77	0.6	0.63	LYRA
PTHL	0.57	0.69	0.84	0.49	0.83	0.75		0.71	0.27	0.56	PTHL
INAB	0.56	0.62	0.77	0.6	0.77	0.77	0.71		0.32	0.5	INAB
SBFM	-0.06	0.05	0.64	0.78	0.57	0.6	0.27	0.32		0.78	SBFM
TNON	0.17	0.28	0.73	0.65	0.67	0.63	0.56	0.5	0.78		TNON
	SINT	IINN	XAIR	RNAZ	DHAI	LYRA	PTHL	INAB	SBFM	TNON

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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

DHAI	+ 0.97	XAIR
LYRA	+ 0.96	DHAI
LYRA	+ 0.95	XAIR
PTHL	+ 0.84	XAIR
PTHL	+ 0.83	DHAI
IINN	+ 0.82	SINT

High negative correlations

SBFM

- 0.06

SINT

Risk-Adjusted Indicators

There is a big difference between ReWalk Stock performing well and ReWalk Robotics 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 ReWalk Robotics' 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
SINT	4.81	(0.36)	0.00	(0.14)	0.00	0.00	9.09	(9.03)	32.00
IINN	3.26	(0.41)	0.00	(0.35)	0.00	0.00	6.86	(7.38)	24.08
XAIR	4.06	(1.81)	0.00	(0.75)	0.00	0.00	5.58	(10.16)	27.59
RNAZ	3.98	(0.49)	0.00	(1.69)	0.00	0.00	9.74	(8.21)	30.84
DHAI	65.22	26.61	0.72	0.99	25.60	(92.14)	193.55	(62.12)	900.00
LYRA	3.93	(0.89)	0.00	(0.46)	0.00	0.00	7.51	(8.49)	30.53
PTHL	3.18	(0.90)	0.00	(18.14)	0.00	0.00	5.26	(11.29)	22.91
INAB	4.46	0.08	0.05	0.10	4.34	(6.70)	12.90	(9.18)	27.61
SBFM	2.95	(0.35)	0.00	(0.17)	0.00	0.00	7.22	(6.13)	23.60
TNON	2.42	(0.28)	0.00	(0.05)	0.00	0.00	5.98	(6.09)	17.46

ReWalk Robotics Corporate Management

Michael Lawless	Chief Officer	Profile
Almog Adar	Chief Officer	Profile
Miri Pariente	Regulatory Operations	Profile
Jeannine Lynch	Vice Strategy	Profile

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