Ituran Location Correlations

ITRN Stock

USD 36.26 0.74 2.00%

The current 90-days correlation between Ituran Location and Allot Communications is 0.53 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ituran Location moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ituran Location and moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ituran Location Correlation With Market

Poor diversification

The correlation between Ituran Location and and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ituran Location and and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ituran Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ituran Location and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Ituran Stock

0.91	ST	Sensata Technologies	Pair Corr
0.66	FARO	FARO Technologies	Pair Corr
0.64	BMI	Badger Meter	Pair Corr
0.8	ESE	ESCO Technologies	Pair Corr
0.82	FTV	Fortive Corp	Pair Corr
0.88	TDY	Teledyne Technologies	Pair Corr
0.89	VNT	Vontier Corp	Pair Corr
0.73	VPG	Vishay Precision	Pair Corr
0.64	GRMN	Garmin	Pair Corr
0.77	ITRI	Itron Inc	Pair Corr
0.93	KEYS	Keysight Technologies	Pair Corr
0.71	MIND	Mind Technology	Pair Corr
0.91	MKSI	MKS Instruments	Pair Corr
0.77	NOVT	Novanta	Pair Corr
0.79	BKSY	Blacksky Technology Downward Rally	Pair Corr
0.95	TRMB	Trimble	Pair Corr
0.89	CGNX	Cognex	Pair Corr
0.86	COHR	Coherent	Pair Corr
0.77	U	Unity Software	Pair Corr
0.78	AI	C3 Ai Inc	Pair Corr
0.74	IT	Gartner	Pair Corr
0.86	KD	Kyndryl Holdings	Pair Corr
0.82	KN	Knowles Cor	Pair Corr
0.91	MU	Micron Technology Aggressive Push	Pair Corr
0.84	PI	Impinj Inc	Pair Corr
0.78	ZM	Zoom Video Communications	Pair Corr

Moving against Ituran Stock

0.47

SVREW

SaverOne 2014

Pair Corr

Related Correlations Analysis

	SILC	ALLT	SPNS	FORTY	NVMI
SILC		0.38	0.52	0.53	0.55	SILC
ALLT	0.38		0.78	0.85	0.39	ALLT
SPNS	0.52	0.78		0.75	0.58	SPNS
FORTY	0.53	0.85	0.75		0.59	FORTY
NVMI	0.55	0.39	0.58	0.59		NVMI
	SILC	ALLT	SPNS	FORTY	NVMI

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Risk-Adjusted Indicators

There is a big difference between Ituran Stock performing well and Ituran Location 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 Ituran Location'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
SILC	2.17	(0.04)	0.00	0.39	0.00	0.00	4.02	(4.45)	13.48
ALLT	3.70	0.84	0.20	0.45	3.56	(3.99)	8.24	(6.11)	28.41
SPNS	1.28	0.15	0.09	0.18	1.48	(1.37)	3.11	(2.51)	12.04
FORTY	1.70	0.33	0.13	1.99	1.57	(2.87)	5.74	(3.41)	13.44
NVMI	3.13	0.10	0.03	0.07	3.56	(3.81)	8.19	(6.55)	22.17

Ituran Location Corporate Management

Pr Kahana	CoFounder Director	Profile
Ami Saranga	Deputy Officer	Profile
Guy Aharonov	General Counsel	Profile
Udi Mizrahi	Deputy Finance	Profile

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