PowerFleet Correlations

Summary

PWFLDelisted Stock

USD 4.69 0.05 1.05%

The current 90-days correlation between PowerFleet and Casa Systems is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PowerFleet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PowerFleet moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PowerFleet Correlation With Market

Average diversification

The correlation between PowerFleet and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PowerFleet and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with PowerFleet Stock

0.69	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.82	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.73	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.75	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.75	VZ	Verizon Communications Aggressive Push	Pair Corr

Moving against PowerFleet Stock

0.38	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.37	FSTF	First State Financial	Pair Corr

Related Correlations Analysis

	CASA	KVHI	CMTL	DZSI	ADTN	DGII	OCC	ITI	KN	CLFD
CASA		-0.26	-0.58	0.11	0.08	-0.01	-0.1	0.12	0.14	-0.18	CASA
KVHI	-0.26		0.2	-0.77	0.61	0.48	-0.04	0.73	0.25	-0.64	KVHI
CMTL	-0.58	0.2		0.18	-0.34	-0.3	0.14	-0.34	-0.33	0.44	CMTL
DZSI	0.11	-0.77	0.18		-0.76	-0.66	0.2	-0.77	-0.38	0.74	DZSI
ADTN	0.08	0.61	-0.34	-0.76		0.84	-0.3	0.75	0.71	-0.8	ADTN
DGII	-0.01	0.48	-0.3	-0.66	0.84		-0.33	0.53	0.74	-0.69	DGII
OCC	-0.1	-0.04	0.14	0.2	-0.3	-0.33		-0.18	-0.32	0.25	OCC
ITI	0.12	0.73	-0.34	-0.77	0.75	0.53	-0.18		0.4	-0.88	ITI
KN	0.14	0.25	-0.33	-0.38	0.71	0.74	-0.32	0.4		-0.46	KN
CLFD	-0.18	-0.64	0.44	0.74	-0.8	-0.69	0.25	-0.88	-0.46		CLFD
	CASA	KVHI	CMTL	DZSI	ADTN	DGII	OCC	ITI	KN	CLFD

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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

DGII	+ 0.84	ADTN
ITI	+ 0.75	ADTN
CLFD	+ 0.74	DZSI
KN	+ 0.74	DGII
ITI	+ 0.73	KVHI
KN	+ 0.71	ADTN

High negative correlations

CLFD	- 0.88	ITI
CLFD	- 0.8	ADTN
ITI	- 0.77	DZSI
DZSI	- 0.77	KVHI
ADTN	- 0.76	DZSI
CLFD	- 0.69	DGII

Risk-Adjusted Indicators

There is a big difference between PowerFleet Stock performing well and PowerFleet 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 PowerFleet'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
CASA	3.57	0.00	(0.02)	0.05	4.57	(4.08)	9.09	(6.40)	38.27
KVHI	1.74	0.21	0.08	0.49	1.64	(2.20)	4.42	(2.92)	10.42
CMTL	4.54	0.11	0.03	0.18	6.35	(5.16)	12.63	(7.40)	40.77
DZSI	5.85	(2.61)	0.00	3.10	0.00	0.00	8.73	(20.00)	63.79
ADTN	2.31	0.52	0.28	0.44	1.61	(2.84)	6.31	(3.34)	22.03
DGII	1.55	(0.02)	0.05	0.11	1.70	(1.77)	3.54	(3.10)	11.66
OCC	1.87	(0.23)	0.00	(1.00)	0.00	0.00	4.85	(4.40)	11.72
ITI	88.12	46.06	46.63	(31.40)	0.00	(108.41)	5.42	(0.41)	2,939
KN	1.47	(0.17)	(0.02)	0.04	1.76	(1.65)	2.56	(3.10)	12.11
CLFD	2.09	(0.47)	0.00	(0.20)	0.00	0.00	3.15	(4.79)	10.81

Delisting Warning - PWFL

PowerFleet was delisted

The entity PowerFleet with a symbol PWFL was delisted from NASDAQ Exchange. Please try PowerFleet, with a symbol AIOT from now on. Check all delisted instruments accross multiple markets.

PowerFleet Corporate Management

Jim Zeitunian	Chief Officer	Profile
Joaquin Fong	Global Controller	Profile
James Zeitunian	Chief Officer	Profile
Ned Mavrommatis	Consultant	Profile
Luis Rodriguez	Chief Officer	Profile
Roger Tenney	Senior Services	Profile

Still Interested in PowerFleet?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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