N2OFF Correlations

NITO Stock

0.22 0.01 4.35%

The current 90-days correlation between N2OFF Inc and Corteva is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as N2OFF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if N2OFF Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

N2OFF Correlation With Market

Modest diversification

The correlation between N2OFF Inc and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding N2OFF Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with N2OFF Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in N2OFF Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with N2OFF Stock

0.62	IPI	Intrepid Potash	Pair Corr
0.63	LVRO	Lavoro Limited Class	Pair Corr

Moving against N2OFF Stock

0.73	UAN	CVR Partners LP	Pair Corr
0.6	B	Barrick Mining Symbol Change	Pair Corr
0.51	MP	MP Materials Corp	Pair Corr
0.47	HL	Hecla Mining Buyout Trend	Pair Corr
0.46	CX	Cemex SAB de Aggressive Push	Pair Corr
0.45	AU	AngloGold Ashanti plc	Pair Corr
0.39	CC	Chemours	Pair Corr
0.33	AG	First Majestic Silver Aggressive Push	Pair Corr
0.55	TX	Ternium SA ADR	Pair Corr
0.51	NB	NioCorp Developments	Pair Corr
0.5	OR	Osisko Gold Ro	Pair Corr
0.48	AEM	Agnico Eagle Mines	Pair Corr
0.45	FBIN	Fortune Brands Innov	Pair Corr
0.44	NG	NovaGold Resources Buyout Trend	Pair Corr
0.44	WS	Worthington Steel	Pair Corr
0.43	SA	Seabridge Gold Buyout Trend	Pair Corr
0.41	OC	Owens Corning	Pair Corr
0.39	ECVT	Ecovyst	Pair Corr

Related Correlations Analysis

	CTVA	SQM	ALB	EMN	IFF
CTVA		0.16	0.17	0.29	0.21	CTVA
SQM	0.16		0.95	-0.55	-0.73	SQM
ALB	0.17	0.95		-0.43	-0.56	ALB
EMN	0.29	-0.55	-0.43		0.91	EMN
IFF	0.21	-0.73	-0.56	0.91		IFF
	CTVA	SQM	ALB	EMN	IFF

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

ALB	+ 0.95	SQM
IFF	+ 0.91	EMN
EMN	+ 0.29	CTVA
IFF	+ 0.21	CTVA
ALB	+ 0.17	CTVA
SQM	+ 0.16	CTVA

High negative correlations

IFF	- 0.73	SQM
IFF	- 0.56	ALB
EMN	- 0.55	SQM
EMN	- 0.43	ALB

Risk-Adjusted Indicators

There is a big difference between N2OFF Stock performing well and N2OFF 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 N2OFF'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
CTVA	0.75	0.04	(0.03)	0.21	0.89	(0.77)	1.83	(1.58)	4.49
SQM	2.43	0.50	0.20	0.63	2.13	(2.88)	6.62	(3.74)	13.50
ALB	2.96	0.53	0.15	0.61	2.91	(3.31)	7.57	(4.43)	18.80
EMN	1.79	(0.46)	0.00	(0.06)	0.00	0.00	3.85	(3.08)	23.77
IFF	1.22	(0.30)	0.00	(0.11)	0.00	0.00	2.05	(2.90)	8.41

N2OFF Corporate Executives

Elected by the shareholders, the N2OFF's board of directors comprises two types of representatives: N2OFF inside directors who are chosen from within the company, and outside directors, selected externally and held independent of N2OFF. The board's role is to monitor N2OFF's management team and ensure that shareholders' interests are well served. N2OFF'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, N2OFF's outside directors are responsible for providing unbiased perspectives on the board's policies.

Lital Barda

Financial CFO

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