SKYX Platforms Correlations
| SKYX Stock | USD 1.32 0.09 7.32% |
The current 90-days correlation between SKYX Platforms Corp and Espey Mfg Electronics is 0.06 (i.e., Significant diversification). The correlation of SKYX Platforms 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.
SKYX Platforms Correlation With Market
Modest diversification
The correlation between SKYX Platforms Corp and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SKYX Platforms Corp and DJI in the same portfolio, assuming nothing else is changed.
SKYX |
Moving together with SKYX Stock
Moving against SKYX Stock
| 0.5 | SDSTW | Stardust Power Symbol Change | PairCorr |
| 0.47 | HAYW | Hayward Holdings | PairCorr |
| 0.39 | EAF | GrafTech International | PairCorr |
| 0.35 | FCEL | FuelCell Energy | PairCorr |
| 0.32 | GTI | Graphjet Technology | PairCorr |
| 0.63 | SDST | Stardust Power Symbol Change | PairCorr |
| 0.53 | LNKS | Linkers Industries | PairCorr |
| 0.51 | CAPT | Captivision Ordinary | PairCorr |
| 0.45 | PITA | Heramba Electric plc | PairCorr |
| 0.44 | NEOV | NeoVolta Common Stock | PairCorr |
| 0.4 | PLUG | Plug Power | PairCorr |
| 0.35 | NEOVW | NeoVolta Warrant | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SKYX Stock performing well and SKYX Platforms 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 SKYX Platforms' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ESP | 1.73 | (0.08) | 0.00 | (0.30) | 0.00 | 3.01 | 15.86 | |||
| NEOVW | 9.75 | (0.57) | 0.00 | 0.26 | 0.00 | 16.11 | 56.57 | |||
| KE | 1.49 | (0.08) | 0.00 | (0.16) | 0.00 | 2.21 | 10.46 | |||
| HAYW | 1.39 | (0.10) | 0.00 | (0.18) | 0.00 | 3.10 | 8.16 | |||
| ADSE | 1.34 | 0.02 | 0.00 | (0.03) | 0.00 | 3.16 | 11.01 | |||
| HOLI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ENR | 1.00 | (0.25) | 0.00 | (0.62) | 0.00 | 1.73 | 6.06 | |||
| NEOV | 5.02 | (0.49) | 0.00 | (0.26) | 0.00 | 10.34 | 39.40 | |||
| AEIS | 2.16 | (0.02) | 0.00 | (0.09) | 0.00 | 4.51 | 17.80 |
SKYX Platforms Corporate Management
| Eliran BenZikri | CTO Office | Profile | |
| Mark Wells | Pres Lighting | Profile | |
| Jonathan Globerson | Vice Marketing | Profile | |
| Rob Powell | Chief Counsel | Profile | |
| Steven Schmidt | President | Profile | |
| Michael Perrillo | Vice Sales | Profile | |
| Steve Briggs | Senior Development | Profile |