ZOOZ Power Correlations

ZOOZ Stock

2.77 0.07 2.59%

The current 90-days correlation between ZOOZ Power and NL Industries is -0.07 (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 0.11 (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

0.64	IP	International Paper	Pair Corr
0.61	ELMSQ	Electric Last Mile	Pair Corr
0.63	DRVN	Driven Brands Holdings	Pair Corr
0.65	FLUT	Flutter Entertainment plc	Pair Corr
0.75	GEF	Greif Bros Fiscal Year End 4th of December 2024	Pair Corr

Moving against ZOOZ Stock

0.78	EVKG	Ever Glory Internati	Pair Corr
0.77	EBET	Ebet Inc	Pair Corr
0.72	HADV	Health Advance	Pair Corr
0.69	NVVE	Nuvve Holding Corp	Pair Corr
0.52	CHPT	ChargePoint Holdings	Pair Corr
0.49	DSHK	Drive Shack	Pair Corr
0.47	JBDI	JBDI Holdings Limited	Pair Corr
0.42	F-PC	Ford Motor	Pair Corr
0.78	MYE	Myers Industries	Pair Corr
0.73	AVY	Avery Dennison Corp	Pair Corr
0.69	FXLV	F45 Training Holdings	Pair Corr
0.63	MMA	Alta Global Group	Pair Corr
0.62	WPRT	Westport Fuel Systems	Pair Corr
0.61	TFRFF	Tefron	Pair Corr
0.6	DSS	DSS Inc	Pair Corr
0.57	AIN	Albany International	Pair Corr
0.54	CYD	China Yuchai Interna	Pair Corr
0.52	MRM	Medirom Healthcare	Pair Corr
0.48	IVP	Inspire Veterinary	Pair Corr
0.39	GPK	Graphic Packaging Holding	Pair Corr

Related Correlations Analysis

	NL	AMD	PKE	KLIC	GFS	EMN	ARM	IPGP
NL		0.18	0.68	0.8	-0.23	0.48	0.69	0.83	NL
AMD	0.18		-0.35	0.12	-0.19	0.75	0.61	0.15	AMD
PKE	0.68	-0.35		0.58	0.18	-0.12	0.26	0.54	PKE
KLIC	0.8	0.12	0.58		0.14	0.28	0.48	0.89	KLIC
GFS	-0.23	-0.19	0.18	0.14		-0.45	-0.32	-0.08	GFS
EMN	0.48	0.75	-0.12	0.28	-0.45		0.7	0.31	EMN
ARM	0.69	0.61	0.26	0.48	-0.32	0.7		0.62	ARM
IPGP	0.83	0.15	0.54	0.89	-0.08	0.31	0.62		IPGP
	NL	AMD	PKE	KLIC	GFS	EMN	ARM	IPGP

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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

IPGP	+ 0.89	KLIC
IPGP	+ 0.83	NL
KLIC	+ 0.8	NL
EMN	+ 0.75	AMD
ARM	+ 0.7	EMN
ARM	+ 0.69	NL

High negative correlations

EMN	- 0.45	GFS
PKE	- 0.35	AMD
ARM	- 0.32	GFS
GFS	- 0.23	NL
GFS	- 0.19	AMD
EMN	- 0.12	PKE

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
NL	2.07	0.18	0.09	0.17	2.88	(2.10)	4.35	(5.52)	16.96
AMD	2.09	(0.30)	0.00	(0.10)	0.00	0.00	3.96	(4.00)	16.31
PKE	1.28	0.04	0.09	0.11	1.00	(1.76)	3.51	(1.98)	12.34
KLIC	1.92	(0.02)	0.03	0.08	2.44	(1.92)	4.74	(3.06)	11.34
GFS	2.23	(0.34)	0.00	(0.03)	0.00	0.00	4.02	(4.20)	18.30
EMN	1.08	0.00	(0.01)	0.08	1.28	(1.16)	2.78	(2.02)	7.31
ARM	2.76	(0.09)	0.00	0.04	3.99	(2.51)	5.88	(6.67)	18.78
IPGP	1.67	(0.05)	0.00	0.05	1.93	(1.77)	4.46	(3.32)	11.69

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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