A2Z Smart Correlations

AZ Stock

USD 9.61 0.07 0.72%

The current 90-days correlation between A2Z Smart Technologies and Nauticus Robotics is -0.06 (i.e., Good 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

Good diversification

The correlation between A2Z Smart Technologies and DJI is -0.07 (i.e., Good 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.

Build AI portfolio with A2Z Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in A2Z Smart Technologies. 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 together with A2Z Stock

0.71	U	Unity Software Downward Rally	Pair Corr
0.64	DV	DoubleVerify Holdings	Pair Corr
0.79	VS	Versus Systems	Pair Corr
0.82	YB	Yuanbao American Dep	Pair Corr
0.68	DOMO	Domo Inc	Pair Corr
0.77	EGAN	eGain	Pair Corr
0.73	ETWO	E2open Parent Holdings	Pair Corr
0.74	API	Agora Inc	Pair Corr
0.84	BSY	Bentley Systems	Pair Corr

Moving against A2Z Stock

0.63	ZM	Zoom Video Communications	Pair Corr
0.58	VERX	Vertex	Pair Corr
0.48	DOCU	DocuSign	Pair Corr
0.39	PD	Pagerduty	Pair Corr
0.35	DMRC	Digimarc Earnings Call This Week	Pair Corr
0.33	VBIX	Viewbix Common Stock	Pair Corr
0.81	VMEO	Vimeo Inc Tech Boost	Pair Corr
0.71	WETO	Webus International	Pair Corr
0.68	DUOL	Duolingo	Pair Corr
0.67	EPWK	EPWK Holdings	Pair Corr
0.64	WDAY	Workday	Pair Corr
0.39	DSGX	Descartes Systems	Pair Corr
0.73	FRGT	Freight Technologies Earnings Call Today	Pair Corr
0.64	FICO	Fair Isaac	Pair Corr
0.52	EXFY	Expensify Earnings Call Today	Pair Corr
0.52	CRM	Salesforce	Pair Corr
0.41	DSP	Viant Technology Earnings Call This Week	Pair Corr
0.36	FRSH	Freshworks	Pair Corr

Related Correlations Analysis

	KITT	ATRO	ASTC	CODA	PUK	AEG	ING	CNA	PRE
KITT		0.0	0.0	0.03	0.01	-0.03	0.19	-0.22	-0.22	KITT
ATRO	0.0		-0.57	0.51	0.84	0.73	0.62	-0.68	0.51	ATRO
ASTC	0.0	-0.57		-0.35	-0.67	-0.59	-0.67	0.57	-0.12	ASTC
CODA	0.03	0.51	-0.35		0.69	0.52	0.56	-0.67	0.35	CODA
PUK	0.01	0.84	-0.67	0.69		0.79	0.78	-0.78	0.35	PUK
AEG	-0.03	0.73	-0.59	0.52	0.79		0.8	-0.54	0.54	AEG
ING	0.19	0.62	-0.67	0.56	0.78	0.8		-0.67	0.3	ING
CNA	-0.22	-0.68	0.57	-0.67	-0.78	-0.54	-0.67		-0.3	CNA
PRE	-0.22	0.51	-0.12	0.35	0.35	0.54	0.3	-0.3		PRE
	KITT	ATRO	ASTC	CODA	PUK	AEG	ING	CNA	PRE

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

PUK	+ 0.84	ATRO
ING	+ 0.8	AEG
AEG	+ 0.79	PUK
ING	+ 0.78	PUK
AEG	+ 0.73	ATRO
PUK	+ 0.69	CODA

High negative correlations

CNA	- 0.78	PUK
CNA	- 0.68	ATRO
CNA	- 0.67	ING
CNA	- 0.67	CODA
ING	- 0.67	ASTC
PUK	- 0.67	ASTC

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
KITT	3.97	(0.30)	0.00	(0.03)	0.00	0.00	9.00	(8.00)	27.15
ATRO	2.22	0.53	0.32	0.54	1.30	(3.18)	6.07	(2.68)	21.79
ASTC	1.42	(0.19)	0.00	(0.46)	0.00	0.00	2.66	(3.33)	13.46
CODA	2.75	0.13	0.02	0.55	3.49	(2.92)	5.72	(6.03)	19.97
PUK	1.07	0.29	0.17	(2.74)	0.82	(1.32)	2.90	(1.55)	5.65
AEG	1.06	0.10	0.07	0.21	1.18	(1.12)	2.09	(2.18)	5.61
ING	0.96	0.12	0.09	0.24	1.06	(1.02)	2.33	(1.83)	6.13
CNA	0.93	(0.08)	0.00	(0.02)	0.00	0.00	2.01	(1.81)	4.12
PRE	4.95	0.93	0.13	(1.87)	5.00	(5.89)	15.53	(8.78)	56.97

A2Z Smart Corporate Executives

Elected by the shareholders, the A2Z Smart's board of directors comprises two types of representatives: A2Z Smart inside directors who are chosen from within the company, and outside directors, selected externally and held independent of A2Z. The board's role is to monitor A2Z Smart's management team and ensure that shareholders' interests are well served. A2Z Smart'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, A2Z Smart's outside directors are responsible for providing unbiased perspectives on the board's policies.

Elkana Porag

Deputy CTO

Profile

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