Accel Solutions Correlations

Stocks . Israel . 
Stock . Accel Solutions Group
DLMT Stock  ILS 129.10  4.70  3.78%   
The correlation of Accel Solutions 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.

Accel Solutions Correlation With Market

Average diversification

The correlation between Accel Solutions Group and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Accel Solutions Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Accel Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accel Solutions 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 Accel Solutions - 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 Accel Solutions Group to buy it.

Moving together with Accel Stock

  0.64ELDAV Eldav LPairCorr

Moving against Accel Stock

  0.88APLP Apollo PowerPairCorr
  0.7WILK Wilk TechnologiesPairCorr
  0.57AQUA Aquarius EnginesPairCorr
  0.54PSTI PluristemPairCorr
  0.31PRTC PriortechPairCorr

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   
AMOT
+ 0.94
ADGR
ORON
+ 0.9
AMOT
ORON
+ 0.81
ADGR
UNCT
+ 0.22
STEC
UNCT
+ 0.13
ADGR
ADGR
+ 0.05
STEC
  
High negative correlations   
NRGN
- 0.5
UNCT
ORON
- 0.3
NRGN
NRGN
- 0.26
ADGR
NRGN
- 0.26
STEC
NRGN
- 0.19
AMOT
ORON
- 0.07
STEC

Risk-Adjusted Indicators

There is a big difference between Accel Stock performing well and Accel Solutions 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 Accel Solutions' 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 Accel Solutions 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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