Sure Tech Correlations

STEC Stock

469.60 29.70 5.95%

The current 90-days correlation between Sure Tech Investments and Gilat Telecom Global is 0.08 (i.e., Significant diversification). The correlation of Sure Tech 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.

Sure Tech Correlation With Market

Average diversification

The correlation between Sure Tech Investments LP and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sure Tech Investments LP and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sure Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sure Tech 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 Sure Tech - 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 Sure Tech Investments LP to buy it.

Moving together with Sure Stock

0.65	ORMP	Oramed Pharmaceuticals	Pair Corr
0.68	BMDX	Biomedix Incubator	Pair Corr

Moving against Sure Stock

0.79	MIFT	Millennium Food Tech	Pair Corr
0.77	POLP	Polyram Plastic Indu	Pair Corr
0.75	MSLA	Maslavi	Pair Corr
0.72	ALTF	Altshuler Shaham Fin	Pair Corr
0.7	MTDS	Meitav Dash Investments	Pair Corr
0.67	MRIN	YD More Investments	Pair Corr
0.64	ANLT	Analyst IMS Investment	Pair Corr
0.62	MPP	More Provident Funds	Pair Corr
0.62	DLTI	Delta Israel Brands	Pair Corr
0.59	EMDV	Emilia Devel	Pair Corr

Related Correlations Analysis

	SOFW	PTCH	RMON	GLTL	AMRK	RPAC	MPRS	OPK
SOFW		-0.22	-0.13	0.01	-0.25	-0.23	-0.11	0.4	SOFW
PTCH	-0.22		-0.01	-0.28	0.19	0.19	-0.11	-0.16	PTCH
RMON	-0.13	-0.01		0.91	0.74	0.91	-0.82	-0.75	RMON
GLTL	0.01	-0.28	0.91		0.62	0.8	-0.79	-0.63	GLTL
AMRK	-0.25	0.19	0.74	0.62		0.75	-0.49	-0.68	AMRK
RPAC	-0.23	0.19	0.91	0.8	0.75		-0.75	-0.8	RPAC
MPRS	-0.11	-0.11	-0.82	-0.79	-0.49	-0.75		0.6	MPRS
OPK	0.4	-0.16	-0.75	-0.63	-0.68	-0.8	0.6		OPK
	SOFW	PTCH	RMON	GLTL	AMRK	RPAC	MPRS	OPK

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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

GLTL	+ 0.91	RMON
RPAC	+ 0.91	RMON
RPAC	+ 0.8	GLTL
RPAC	+ 0.75	AMRK
AMRK	+ 0.74	RMON
AMRK	+ 0.62	GLTL

High negative correlations

MPRS	- 0.82	RMON
OPK	- 0.8	RPAC
MPRS	- 0.79	GLTL
MPRS	- 0.75	RPAC
OPK	- 0.75	RMON
OPK	- 0.68	AMRK

Risk-Adjusted Indicators

There is a big difference between Sure Stock performing well and Sure Tech 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 Sure Tech'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
SOFW	2.22	1.04	0.49	(2.10)	0.92	(3.10)	10.16	(3.14)	16.51
PTCH	1.58	(0.20)	0.00	(0.60)	0.00	0.00	2.26	(3.79)	11.78
RMON	2.09	0.49	0.15	0.90	2.30	(2.50)	4.93	(4.17)	16.56
GLTL	2.16	0.59	0.18	6.04	2.19	(2.51)	5.27	(3.40)	15.78
AMRK	1.38	0.08	(0.01)	0.43	1.99	(1.28)	2.77	(3.39)	8.47
RPAC	1.48	0.48	0.21	1.82	1.48	(1.76)	3.64	(2.88)	8.13
MPRS	1.99	(0.90)	0.00	(1.56)	0.00	0.00	0.77	(6.20)	27.93
OPK	1.70	(0.60)	0.00	(1.73)	0.00	0.00	2.87	(4.23)	16.16

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sure Tech 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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