Foresight Autonomous Correlations

FRSX Stock

USD 2.41 0.70 40.94%

The current 90-days correlation between Foresight Autonomous and Superior Industries International is -0.04 (i.e., Good diversification). The correlation of Foresight Autonomous 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.

Foresight Autonomous Correlation With Market

Good diversification

The correlation between Foresight Autonomous Holdings and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foresight Autonomous Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foresight Autonomous Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving against Foresight Stock

0.47	BWA	BorgWarner	Pair Corr
0.41	F	Ford Motor	Pair Corr
0.4	VC	Visteon Corp	Pair Corr
0.39	EVTV	Envirotech Vehicles	Pair Corr
0.33	AXL	American Axle Manufa	Pair Corr
0.63	WGO	Winnebago Industries	Pair Corr
0.57	THO	Thor Industries	Pair Corr
0.56	LCII	LCI Industries	Pair Corr
0.51	ZAPPW	Zapp Electric Vehicles	Pair Corr
0.43	LAZR	Luminar Technologies	Pair Corr
0.37	HYZN	Hyzon Motors	Pair Corr
0.36	SUP	Superior Industries	Pair Corr
0.33	MOD	Modine Manufacturing	Pair Corr
0.31	GOEV	Canoo Inc	Pair Corr

Related Correlations Analysis

	AEVA	LAZR	HSAI	LIDR	MBLY	LIMAF	SUP	GGROW	ALLG	WPRT
AEVA		-0.48	0.52	0.0	0.64	-0.51	-0.6	-0.6	0.48	-0.19	AEVA
LAZR	-0.48		-0.9	0.1	-0.65	0.38	0.79	0.53	0.07	0.29	LAZR
HSAI	0.52	-0.9		0.1	0.65	-0.4	-0.8	-0.42	-0.06	-0.42	HSAI
LIDR	0.0	0.1	0.1		-0.4	0.28	0.21	0.42	-0.35	-0.07	LIDR
MBLY	0.64	-0.65	0.65	-0.4		-0.66	-0.87	-0.68	0.41	-0.39	MBLY
LIMAF	-0.51	0.38	-0.4	0.28	-0.66		0.68	0.64	-0.63	0.76	LIMAF
SUP	-0.6	0.79	-0.8	0.21	-0.87	0.68		0.73	-0.25	0.51	SUP
GGROW	-0.6	0.53	-0.42	0.42	-0.68	0.64	0.73		-0.46	0.3	GGROW
ALLG	0.48	0.07	-0.06	-0.35	0.41	-0.63	-0.25	-0.46		-0.26	ALLG
WPRT	-0.19	0.29	-0.42	-0.07	-0.39	0.76	0.51	0.3	-0.26		WPRT
	AEVA	LAZR	HSAI	LIDR	MBLY	LIMAF	SUP	GGROW	ALLG	WPRT

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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

SUP	+ 0.79	LAZR
WPRT	+ 0.76	LIMAF
GGROW	+ 0.73	SUP
SUP	+ 0.68	LIMAF
MBLY	+ 0.65	HSAI
MBLY	+ 0.64	AEVA

High negative correlations

HSAI	- 0.9	LAZR
SUP	- 0.87	MBLY
SUP	- 0.8	HSAI
GGROW	- 0.68	MBLY
LIMAF	- 0.66	MBLY
MBLY	- 0.65	LAZR

Risk-Adjusted Indicators

There is a big difference between Foresight Stock performing well and Foresight Autonomous 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 Foresight Autonomous' 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
AEVA	3.83	0.56	0.14	0.93	3.45	(4.63)	9.28	(6.03)	22.60
LAZR	4.98	(1.13)	0.00	(0.34)	0.00	0.00	12.23	(9.48)	33.67
HSAI	5.41	2.10	0.34	1.34	4.81	(6.36)	11.29	(7.76)	65.40
LIDR	4.16	0.21	0.03	(0.70)	4.84	(4.94)	11.21	(7.20)	30.06
MBLY	3.54	0.68	0.16	0.36	4.00	(3.86)	9.58	(6.42)	26.06
LIMAF	1.25	(0.25)	0.00	(0.63)	0.00	0.00	1.94	(3.75)	9.47
SUP	2.42	(0.59)	0.00	(0.27)	0.00	0.00	4.59	(5.78)	13.87
GGROW	13.24	0.88	0.04	2.40	17.43	(14.12)	33.60	(30.54)	84.04
ALLG	9.11	1.17	0.11	2.75	8.42	(13.09)	29.21	(19.20)	107.57
WPRT	1.59	(0.42)	0.00	(0.93)	0.00	0.00	3.25	(3.05)	14.74

Foresight Autonomous Corporate Management

Kfir Zilberman	Bus Consultant	Profile
Eliyahu Yoresh	Chief Officer	Profile
Izac Assia	Vice Management	Profile
Sivan Scherf	Vice Recourses	Profile
Dror Elbaz	Chief Mobile	Profile
Oren BarOn	Chief Operations	Profile

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