ZOOZ Power Correlations

ZOOZW Stock

0.06 0.00 0.000002%

The current 90-days correlation between ZOOZ Power and Copperbank Resources Corp is 0.11 (i.e., Average 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

Very good diversification

The correlation between ZOOZ Power Ltd and DJI is -0.22 (i.e., Very good 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 against ZOOZ Stock

0.67	AVY	Avery Dennison Corp	Pair Corr
0.63	CCK	Crown Holdings Earnings Call This Week	Pair Corr
0.62	EBET	Ebet Inc	Pair Corr
0.61	VIRC	Virco Manufacturing	Pair Corr
0.57	F-PB	Ford Motor	Pair Corr
0.57	F-PC	Ford Motor	Pair Corr
0.55	OI	O I Glass Earnings Call This Week	Pair Corr
0.5	F-PD	F PD	Pair Corr
0.47	DSS	DSS Inc	Pair Corr
0.42	WPRT	Westport Fuel Systems	Pair Corr
0.4	NVVE	Nuvve Holding Corp	Pair Corr
0.38	JBDI	JBDI Holdings Limited	Pair Corr
0.35	CHPT	ChargePoint Holdings	Pair Corr
0.32	ZOOZ	ZOOZ Power	Pair Corr
0.65	FXLV	F45 Training Holdings	Pair Corr
0.63	MRM	Medirom Healthcare	Pair Corr
0.57	GPK	Graphic Packaging Holding	Pair Corr
0.57	KFS	Kingsway Financial	Pair Corr
0.54	MMA	Alta Global Group	Pair Corr
0.5	IVP	Inspire Veterinary	Pair Corr
0.5	SCS	Steelcase	Pair Corr
0.47	MED	MEDIFAST INC	Pair Corr
0.46	GEF	Greif Bros	Pair Corr
0.39	ROL	Rollins	Pair Corr
0.36	IPW	iPower Inc	Pair Corr

Related Correlations Analysis

	CPPKF	WDC	IONR	PINS	FIGI	SUM	LQRCF	IAS
CPPKF		0.36	0.75	-0.07	0.0	-0.63	0.23	0.78	CPPKF
WDC	0.36		0.41	0.46	0.0	-0.1	0.1	0.47	WDC
IONR	0.75	0.41		0.32	0.0	-0.81	0.54	0.69	IONR
PINS	-0.07	0.46	0.32		0.0	-0.08	0.5	0.26	PINS
FIGI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FIGI
SUM	-0.63	-0.1	-0.81	-0.08	0.0		-0.3	-0.49	SUM
LQRCF	0.23	0.1	0.54	0.5	0.0	-0.3		0.4	LQRCF
IAS	0.78	0.47	0.69	0.26	0.0	-0.49	0.4		IAS
	CPPKF	WDC	IONR	PINS	FIGI	SUM	LQRCF	IAS

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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

IAS	+ 0.78	CPPKF
IONR	+ 0.75	CPPKF
IAS	+ 0.69	IONR
LQRCF	+ 0.54	IONR
LQRCF	+ 0.5	PINS
IAS	+ 0.47	WDC

High negative correlations

SUM	- 0.81	IONR
SUM	- 0.63	CPPKF
IAS	- 0.49	SUM
LQRCF	- 0.3	SUM
SUM	- 0.1	WDC
SUM	- 0.08	PINS

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
CPPKF	2.20	(0.27)	0.00	0.55	0.00	0.00	4.00	(5.17)	13.76
WDC	2.00	(0.04)	(0.03)	0.02	2.42	(2.02)	4.61	(4.47)	11.34
IONR	3.48	(0.91)	0.00	(0.65)	0.00	0.00	6.73	(6.68)	27.98
PINS	1.93	0.08	0.00	1.54	3.13	(1.91)	4.15	(3.65)	17.18
FIGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SUM	0.94	0.39	0.31	9.77	0.15	(1.02)	4.18	(1.76)	9.88
LQRCF	1.69	(0.10)	0.00	(0.11)	0.00	0.00	4.88	(4.00)	40.77
IAS	1.71	(0.06)	(0.02)	0.02	3.34	(1.68)	3.26	(4.02)	23.54

ZOOZ Power Corporate Management

Nir Zohar	Vice Customers	Profile
David Pincu	Vice Development	Profile
Eyal Blum	Chief Officer	Profile
Boaz Weizer	Chief Officer	Profile
Jacob Zelicovitch	Chief Officer	Profile

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