Discount Investment Correlations
| DISI Stock | 380.00 15.50 4.25% |
The correlation of Discount Investment 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Discount Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Discount Investment Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very good diversification
The correlation between Discount Investment Corp and NYA is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Discount Investment Corp and NYA in the same portfolio, assuming nothing else is changed.
Discount |
The ability to find closely correlated positions to Discount Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Discount Investment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Discount Investment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Discount Investment Corp to buy it.
Moving together with Discount Stock
Moving against Discount Stock
Related Correlations Analysis
| 0.65 | 0.9 | 0.7 | -0.59 | NICE | ||
| 0.65 | 0.59 | 0.95 | -0.28 | LUMI | ||
| 0.9 | 0.59 | 0.68 | -0.65 | TEVA | ||
| 0.7 | 0.95 | 0.68 | -0.31 | POLI | ||
| -0.59 | -0.28 | -0.65 | -0.31 | BEZQ | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Discount Stock performing well and Discount Investment 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 Discount Investment'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NICE | 1.71 | 0.26 | 0.08 | (0.39) | 1.97 | 4.26 | 13.61 | |||
| LUMI | 1.47 | 0.02 | (0.01) | 0.46 | 1.42 | 3.12 | 9.09 | |||
| TEVA | 1.68 | 0.51 | 0.24 | (1.95) | 1.48 | 3.87 | 9.68 | |||
| POLI | 1.36 | 0.08 | 0.02 | (6.04) | 1.33 | 3.13 | 7.52 | |||
| BEZQ | 0.99 | (0.09) | 0.00 | 1.05 | 0.00 | 2.35 | 6.34 |
Discount Investment Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Discount Investment stock to make a market-neutral strategy. Peer analysis of Discount Investment could also be used in its relative valuation, which is a method of valuing Discount Investment by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Discount Investment Corporate Directors
Discount Investment corporate directors refer to members of a Discount Investment board of directors. The board of directors generally takes responsibility for the Discount Investment's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Discount Investment's board members must vote for the resolution. The Discount Investment board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Joseph Singer | Director | Profile | |
| Niv Ahituv | External Director | Profile | |
| Lily Ayalon | Independent Director | Profile | |
| Ori Jano | Finance Director | Profile |
Already Invested in Discount Investment Corp?
The danger of trading Discount Investment Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Discount Investment is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Discount Investment. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Discount Investment Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Discount Stock analysis
When running Discount Investment's price analysis, check to measure Discount Investment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Discount Investment is operating at the current time. Most of Discount Investment's value examination focuses on studying past and present price action to predict the probability of Discount Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Discount Investment's price. Additionally, you may evaluate how the addition of Discount Investment to your portfolios can decrease your overall portfolio volatility.
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