NYAX Nayax Ltd. Ordinary Shares

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

NYAX vs IZRL

Both indexed to 100 at 2026-05-11.

NYAX IZRL · range 62–110 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

IZRL ARK Israel Innovative Technology ETF

ρ +0.40beyond mkt +0.35holdout +0.46stable 100%robust

EIS iShares MSCI Israel ETF

ρ +0.40beyond mkt +0.30holdout +0.45stable 88%robust

KEN KENON HOLDINGS LTD.

ρ +0.33beyond mkt +0.24holdout +0.35stable 88%robust

No day-to-day relationship, but 5- or 10-day returns move together.

AN AutoNation, Inc.

horizon 10dρ +0.40holdout +0.24stable 50%moderate

TMC TMC the metals company Inc. Common Stock

horizon 10dρ +0.40holdout +0.30stable 62%moderate

INSG Inseego Corp. Common Stock

horizon 10dρ +0.40holdout +0.56stable 38%moderate

NXH Neighborhood Intelligence, Inc. Common Stock

horizon 10dρ +0.38holdout +0.30stable 62%moderate

INGN Inogen, Inc Common Stock

horizon 10dρ +0.37holdout +0.40stable 38%moderate

CGEN Compugen Ltd. Ordinary Shares

horizon 10dρ +0.37holdout +0.22stable 62%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

MRVI Maravai LifeSciences Holdings, Inc. Class A Common Stock

Δ +0.44recent +0.48prior +0.04beyond mkt -0.01

HGER Harbor Commodity All-Weather Strategy ETF

Δ -0.43recent -0.37prior +0.06beyond mkt +0.04

BHVN Biohaven Ltd.

Δ +0.41recent +0.47prior +0.06beyond mkt +0.02

SLGL Sol-Gel Technologies Ltd. Ordinary Shares

Δ +0.41recent +0.44prior +0.03beyond mkt +0.05

GSIW Garden Stage Limited Class A Ordinary Shares

Δ -0.40recent -0.35prior +0.06beyond mkt -0.05

MED Medifast, Inc.

Δ +0.39recent +0.47prior +0.07beyond mkt +0.03

Abnormal volume rises and falls on the same days as NYAX's, while prices do not move together: the same hands, not the same business.

Symbol	traded together ρ	big prints together ρ	priced together ρ	score	q
IIIV i3 Verticals, Inc. Class A Common Stock	+0.32	+0.21	+0.01		8e-10

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
IZRL ARK Israel Innovative Technology ETF	+0.35	+0.40	6