Tigi Correlations

Stocks Israel . 
Stock . Tigi
TIGI Stock  ILA 660.80  2.40  0.36%   
The current 90-days correlation between Tigi and Payment Financial Technologies is 0.12 (i.e., Average diversification). The correlation of Tigi 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.

Tigi Correlation With Market

Significant diversification

The correlation between Tigi and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tigi and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Tigi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tigi 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 Tigi - 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 Tigi to buy it.

Moving against Tigi Stock

  0.72NOFR OY Nofar EnergyPairCorr
  0.6JBNK JerusalemPairCorr
  0.51ALRPR Alrov Properties LodgingsPairCorr
  0.5APLP Apollo PowerPairCorr
  0.5HOD Hod Assaf IndustriesPairCorr
  0.46DANH Dan HotelsPairCorr
  0.4GVYM GavYam Lands Corp Earnings Call This WeekPairCorr
  0.38AVRT Avrot IndustriesPairCorr

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   
GLPL
+ 0.93
FIBI
RPAC
+ 0.9
FIBI
MNIF
+ 0.89
FIBI
RPAC
+ 0.83
GLPL
MNIF
+ 0.82
GLPL
MNIF
+ 0.78
RPAC
  
High negative correlations   
GLPL
- 0.59
BVC
RPAC
- 0.57
BVC
BVC
- 0.47
FIBI
LBRA
- 0.25
BVC
MNIF
- 0.24
BVC
GLPL
- 0.11
PMNT

Risk-Adjusted Indicators

There is a big difference between Tigi Stock performing well and Tigi 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 Tigi'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 Tigi 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 FinTech Suite Now

   

FinTech Suite

Use AI to screen and filter profitable investment opportunities
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY