Foresight Autonomous Correlations

FRSX Stock

USD 0.48 0 0.63%

The current 90-days correlation between Foresight Autonomous and Aeye Inc is 0.37 (i.e., Weak 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

Weak diversification

The correlation between Foresight Autonomous Holdings and DJI is 0.34 (i.e., Weak 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.

Build AI portfolio with Foresight Stock

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 together with Foresight Stock

0.74	VLCN	Volcon Inc	Pair Corr
0.86	EVTV	Envirotech Vehicles	Pair Corr
0.62	NIO	Nio Class A	Pair Corr

Moving against Foresight Stock

0.72	FLYE	Fly E Group,	Pair Corr
0.64	ALV	Autoliv	Pair Corr
0.6	BWA	BorgWarner	Pair Corr
0.56	DAN	Dana Inc	Pair Corr
0.49	LOT	Lotus Technology American	Pair Corr
0.46	LI	Li Auto	Pair Corr
0.44	FOXF	Fox Factory Holding	Pair Corr
0.43	VC	Visteon Corp	Pair Corr
0.43	CPS	Cooper Stnd	Pair Corr
0.41	GT	Goodyear Tire Rubber	Pair Corr
0.37	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.35	DORM	Dorman Products	Pair Corr
0.34	F	Ford Motor	Pair Corr
0.33	GTX	Garrett Motion	Pair Corr
0.76	NWTNW	NWTN Warrant	Pair Corr
0.67	LVWR	LiveWire Group Upward Rally	Pair Corr
0.63	INVZ	Innoviz Technologies Buyout Trend	Pair Corr
0.57	SMP	Standard Motor Products	Pair Corr
0.56	SRI	Stoneridge	Pair Corr
0.53	XPEL	Xpel Inc	Pair Corr
0.53	THO	Thor Industries	Pair Corr
0.45	SES	SES AI Corp	Pair Corr
0.44	MGA	Magna International	Pair Corr
0.42	LCII	LCI Industries	Pair Corr

Related Correlations Analysis

	AEVA	LAZR	HSAI	LIDR	MBLY	LIMAF	SUP	GGROW	ALLG	WPRT
AEVA		-0.66	0.48	0.74	0.57	0.92	-0.89	-0.84	0.0	-0.43	AEVA
LAZR	-0.66		0.04	-0.51	-0.08	-0.52	0.47	0.62	0.0	0.82	LAZR
HSAI	0.48	0.04		0.59	0.77	0.67	-0.57	-0.39	0.0	0.21	HSAI
LIDR	0.74	-0.51	0.59		0.48	0.74	-0.63	-0.69	0.0	-0.22	LIDR
MBLY	0.57	-0.08	0.77	0.48		0.76	-0.6	-0.49	0.0	0.09	MBLY
LIMAF	0.92	-0.52	0.67	0.74	0.76		-0.88	-0.77	0.0	-0.33	LIMAF
SUP	-0.89	0.47	-0.57	-0.63	-0.6	-0.88		0.72	0.0	0.33	SUP
GGROW	-0.84	0.62	-0.39	-0.69	-0.49	-0.77	0.72		0.0	0.39	GGROW
ALLG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ALLG
WPRT	-0.43	0.82	0.21	-0.22	0.09	-0.33	0.33	0.39	0.0		WPRT
	AEVA	LAZR	HSAI	LIDR	MBLY	LIMAF	SUP	GGROW	ALLG	WPRT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

LIMAF	+ 0.92	AEVA
WPRT	+ 0.82	LAZR
MBLY	+ 0.77	HSAI
LIMAF	+ 0.76	MBLY
LIDR	+ 0.74	AEVA
LIMAF	+ 0.74	LIDR

High negative correlations

SUP	- 0.89	AEVA
SUP	- 0.88	LIMAF
GGROW	- 0.84	AEVA
GGROW	- 0.77	LIMAF
GGROW	- 0.69	LIDR
LAZR	- 0.66	AEVA

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	6.62	3.83	0.60	1.70	4.66	(8.33)	17.85	(8.08)	50.24
LAZR	5.15	(0.92)	0.00	(1.79)	0.00	0.00	10.58	(11.98)	56.20
HSAI	4.66	(0.16)	0.00	(0.11)	0.00	0.00	10.07	(7.80)	27.04
LIDR	3.69	0.53	0.09	0.41	4.73	(4.14)	7.50	(7.27)	25.38
MBLY	3.15	0.09	0.03	0.07	3.66	(3.48)	8.65	(4.74)	29.72
LIMAF	1.40	0.36	0.21	0.62	1.15	(1.89)	3.57	(2.86)	11.77
SUP	6.53	(1.70)	0.00	(1.07)	0.00	0.00	10.45	(21.43)	104.72
GGROW	11.48	(0.08)	0.00	0.26	0.00	0.00	33.33	(21.87)	78.70
ALLG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WPRT	2.92	(0.27)	0.00	(0.17)	0.00	0.00	5.14	(6.93)	19.29

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC