A2Z Smart Correlations
| AZ Stock | USD 2.84 0.18 6.77% |
The current 90-days correlation between A2Z Smart Technologies and Nauticus Robotics is 0.24 (i.e., Modest diversification). The correlation of A2Z Smart 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.
A2Z Smart Correlation With Market
Weak diversification
The correlation between A2Z Smart Technologies and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding A2Z Smart Technologies and DJI in the same portfolio, assuming nothing else is changed.
A2Z |
Moving together with A2Z Stock
Moving against A2Z Stock
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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
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Risk-Adjusted Indicators
There is a big difference between A2Z Stock performing well and A2Z Smart 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 A2Z Smart'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KAMN | 1.85 | 0.20 | 0.01 | (0.16) | 2.21 | 5.37 | 14.48 | |||
| KITTW | 6.59 | (0.59) | 0.00 | (0.67) | 0.00 | 11.63 | 76.41 | |||
| ISSC | 2.54 | 0.37 | 0.12 | 0.75 | 2.32 | 7.25 | 14.09 | |||
| NPK | 1.06 | (0.14) | 0.00 | (0.05) | 0.00 | 2.08 | 6.94 | |||
| HXL | 1.25 | (0.26) | 0.00 | (0.10) | 0.00 | 2.02 | 9.67 | |||
| PKE | 1.36 | (0.17) | 0.00 | (0.03) | 0.00 | 3.41 | 8.38 | |||
| DCO | 1.49 | (0.01) | 0.02 | 0.09 | 1.87 | 3.23 | 11.62 | |||
| AIRI | 5.35 | 1.36 | 0.24 | (6.25) | 4.24 | 8.75 | 104.16 | |||
| CVU | 1.89 | 0.51 | 0.24 | 0.63 | 1.56 | 5.10 | 16.01 | |||
| AIR | 1.67 | (0.45) | 0.00 | (0.15) | 0.00 | 3.09 | 14.28 |