Isramco Negev Correlations
| ISRA Stock | 164.80 0.20 0.12% |
The correlation of Isramco Negev 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 Isramco Negev moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Isramco Negev 2 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.
Average diversification
The correlation between Isramco Negev 2 and NYA is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Isramco Negev 2 and NYA in the same portfolio, assuming nothing else is changed.
Isramco |
The ability to find closely correlated positions to Isramco Negev could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Isramco Negev 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 Isramco Negev - 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 Isramco Negev 2 to buy it.
Moving together with Isramco Stock
| 0.83 | NICE | Nice | PairCorr |
| 0.74 | LUMI | Bank Leumi Le | PairCorr |
| 0.74 | ICL | ICL Israel Chemicals | PairCorr |
| 0.89 | AZRG | Azrieli Group | PairCorr |
| 0.63 | DSCT | Israel Discount Bank Earnings Call Next Week | PairCorr |
| 0.73 | TSEM | Tower Semiconductor | PairCorr |
| 0.67 | ICON | Icon Group | PairCorr |
Moving against Isramco Stock
| 0.8 | BIMT | Bio Meat Foodtech | PairCorr |
| 0.67 | OVRS | Overseas Commerce | PairCorr |
| 0.6 | ORA | Ormat Technologies | PairCorr |
| 0.53 | ANGL | Salomon A Angel | PairCorr |
| 0.5 | CDEV | Cohen Dev | PairCorr |
| 0.43 | BEZQ | Bezeq Israeli Teleco | PairCorr |
Related Correlations Analysis
| 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
|
Risk-Adjusted Indicators
There is a big difference between Isramco Stock performing well and Isramco Negev 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 Isramco Negev'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 | 1.68 | 0.27 | 0.08 | (1.21) | 1.90 | 4.26 | 13.61 | |||
| LUMI | 1.45 | 0.00 | 0.00 | 0.07 | 0.00 | 3.12 | 9.09 | |||
| ICL | 1.61 | (0.05) | 0.00 | (0.15) | 0.00 | 3.65 | 9.32 | |||
| MZTF | 1.69 | (0.07) | 0.00 | (3.88) | 0.00 | 4.21 | 11.57 | |||
| AZRG | 1.50 | 0.10 | 0.03 | 0.31 | 1.40 | 4.95 | 9.40 | |||
| ESLT | 1.09 | (0.05) | 0.00 | (0.04) | 0.00 | 2.17 | 6.69 | |||
| DSCT | 1.58 | 0.08 | 0.00 | 20.09 | 1.40 | 4.47 | 9.27 | |||
| ORA | 1.40 | (0.19) | 0.00 | (2.96) | 0.00 | 2.61 | 10.85 | |||
| RATI | 1.39 | (0.01) | (0.05) | 0.03 | 1.55 | 3.41 | 11.64 | |||
| TSEM | 1.73 | 0.14 | 0.03 | 2.58 | 1.91 | 4.24 | 10.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Isramco Negev 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.Did you try this?
Run Theme Ratings Now
Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Isramco Negev Corporate Management
Elected by the shareholders, the Isramco Negev's board of directors comprises two types of representatives: Isramco Negev inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Isramco. The board's role is to monitor Isramco Negev's management team and ensure that shareholders' interests are well served. Isramco Negev'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, Isramco Negev's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Weinberg | Company Sec | Profile | |
| Eitan Voloch | Chief Ltd | Profile | |
| Eran Landner | Chief Ltd | Profile | |
| Guy Adon | Chief Ltd | Profile |
Already Invested in Isramco Negev 2?
The danger of trading Isramco Negev 2 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 Isramco Negev 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 Isramco Negev. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Isramco Negev 2 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Isramco Negev 2. 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Isramco Stock analysis
When running Isramco Negev's price analysis, check to measure Isramco Negev'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 Isramco Negev is operating at the current time. Most of Isramco Negev's value examination focuses on studying past and present price action to predict the probability of Isramco Negev's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Isramco Negev's price. Additionally, you may evaluate how the addition of Isramco Negev to your portfolios can decrease your overall portfolio volatility.
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Stocks Directory Find actively traded stocks across global markets | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |