ParaZero Technologies Correlations
| PRZO Stock | 1.42 0.08 5.97% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ParaZero Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ParaZero Technologies Ltd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
ParaZero Technologies Correlation With Market
Modest diversification
The correlation between ParaZero Technologies Ltd and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ParaZero Technologies Ltd and DJI in the same portfolio, assuming nothing else is changed.
Moving together with ParaZero Stock
| 0.7 | 000938 | Unisplendour Corp | PairCorr |
| 0.65 | 603936 | Bomin Electronics | PairCorr |
| 0.72 | 002960 | Jade Bird Fire | PairCorr |
| 0.75 | EBON | Ebang International | PairCorr |
| 0.63 | 000988 | Huagong Tech | PairCorr |
| 0.83 | SOLI | Solid State Plc Earnings Call This Week | PairCorr |
Moving against ParaZero Stock
| 0.7 | 300771 | Shenzhen Zhilai Sci | PairCorr |
| 0.54 | FN | Fabrinet | PairCorr |
| 0.63 | 603556 | Hexing Electrical | PairCorr |
| 0.62 | 002134 | Tianjin Printronics | PairCorr |
| 0.62 | 001373 | Jiangsu Topfly New | PairCorr |
| 0.58 | 300626 | Huarui Electrical | PairCorr |
| 0.36 | 000925 | UniTTEC | PairCorr |
| 0.35 | BAERW | Bridger Aerospace | PairCorr |
Related Correlations Analysis
| 1.0 | 1.0 | 0.0 | 0.0 | 0.0 | -1.0 | IDDWF | ||
| 1.0 | 1.0 | 0.0 | 0.0 | 0.0 | -1.0 | EBODF | ||
| 1.0 | 1.0 | 0.0 | 0.0 | 0.0 | -1.0 | AVSR | ||
| 0.0 | 0.0 | 0.0 | 0.34 | 0.61 | 0.0 | SNGNF | ||
| 0.0 | 0.0 | 0.0 | 0.34 | 0.55 | 0.0 | SPNUF | ||
| 0.0 | 0.0 | 0.0 | 0.61 | 0.55 | 0.0 | RCIAF | ||
| -1.0 | -1.0 | -1.0 | 0.0 | 0.0 | 0.0 | SPMMF | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ParaZero Stock performing well and ParaZero Technologies 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 ParaZero Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IDDWF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EBODF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AVSR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SNGNF | 1.42 | 0.18 | 0.01 | (0.14) | 2.20 | 4.58 | 20.20 | |||
| SPNUF | 0.13 | 0.00 | 0.00 | 0.64 | 0.00 | 0.00 | 3.36 | |||
| RCIAF | 0.41 | 0.06 | 0.00 | 0.71 | 0.51 | 0.24 | 9.01 | |||
| SPMMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
ParaZero Technologies Corporate Management
| Regev Livne | Chief Officer | Profile | |
| Oren Aviram | Vice Sales | Profile | |
| Boaz Shetzer | Chief Officer | Profile | |
| Ariel Alon | Chief Officer | Profile | |
| Yuval Gilad | Chief Officer | Profile | |
| Yuval Tovias | Chief Officer | Profile |