Gilat Telecom Correlations

Stocks . Israel . 
Stock . Gilat Telecom Global
GLTL Stock   103.00  3.00  3.00%   
The current 90-days correlation between Gilat Telecom Global and B Yair Building is 0.1 (i.e., Average diversification). The correlation of Gilat Telecom 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.

Gilat Telecom Correlation With Market

Significant diversification

The correlation between Gilat Telecom Global and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gilat Telecom Global and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Gilat Telecom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gilat Telecom 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 Gilat Telecom - 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 Gilat Telecom Global to buy it.

Moving together with Gilat Stock

  0.87BEZQ Bezeq Israeli TelecoPairCorr
  0.66PTNR PartnerPairCorr
  0.89CEL Cellcom IsraelPairCorr
  0.79BCOM B CommunicationsPairCorr
  0.86SNCM Suny Cellular CommunPairCorr
  0.87OPAL Opal BalancePairCorr
  0.87SAFE Safe T GroupPairCorr
  0.68IGLD Internet Gold GoldenPairCorr
  0.92BTX Lineage Cell TherapeuticsPairCorr
  0.86ISCN Israel CanadaPairCorr
  0.94NTML Neto MalindaPairCorr
  0.86ARNA Arena Star GroupPairCorr
  0.61MIFT Millennium Food TechPairCorr
  0.8BWAY BrainswayPairCorr
  0.95MTAV MEITAV INVESTMENTS HOUSEPairCorr
  0.9PRSK PrashkovskyPairCorr
  0.74NSTR NorstarPairCorr
  0.77ALBA Al Bad MassuotPairCorr
  0.91FIBIH FIBI HoldingsPairCorr
  0.87TDGN Tadir Gan 1993PairCorr
  0.88BYSD Bayside LandPairCorr
  0.95MMHD Menora Miv HldPairCorr

Moving against Gilat Stock

  0.88FRSX Foresight AutonomousPairCorr
  0.87INBR Inbar Group FinancePairCorr
  0.57SCC Space ComPairCorr
  0.46IMCO IMCO IndustriesPairCorr

Related Correlations Analysis

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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   
FIBI
+ 0.94
RPAC
FIBI
+ 0.91
CLIS
FIBI
+ 0.89
SNCM
SNCM
+ 0.88
CLIS
FIBI
+ 0.87
IDIN
IDIN
+ 0.85
CLIS
  
High negative correlations   
CLIS
- 0.31
BYAR
SNCM
- 0.28
BYAR
FIBI
- 0.2
BYAR
RPAC
- 0.14
BYAR
IDIN
- 0.1
BYAR

Risk-Adjusted Indicators

There is a big difference between Gilat Stock performing well and Gilat Telecom 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 Gilat Telecom'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gilat Telecom without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Gilat Telecom Corporate Management

Elected by the shareholders, the Gilat Telecom's board of directors comprises two types of representatives: Gilat Telecom inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gilat. The board's role is to monitor Gilat Telecom's management team and ensure that shareholders' interests are well served. Gilat Telecom'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, Gilat Telecom's outside directors are responsible for providing unbiased perspectives on the board's policies.
Eitan MesikaVP SalesProfile
Dan KamhiVP DevelProfile
Orit GalChief OfficerProfile
Asaf RosenheckChief OfficerProfile
Itzik EliezerChief OfficerProfile
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