IDI Insurance Correlations
| IDIN Stock | ILS 16,330 450.00 2.68% |
The current 90-days correlation between IDI Insurance and Harel Insurance Investments is 0.44 (i.e., Very weak diversification). The correlation of IDI Insurance 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.
IDI Insurance Correlation With Market
Good diversification
The correlation between IDI Insurance and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IDI Insurance and DJI in the same portfolio, assuming nothing else is changed.
IDI |
The ability to find closely correlated positions to IDI Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IDI Insurance 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 IDI Insurance - 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 IDI Insurance to buy it.
Moving together with IDI Stock
| 0.94 | LUMI | Bank Leumi Le | PairCorr |
| 0.88 | MZTF | Mizrahi Tefahot | PairCorr |
| 0.92 | DSCT | Israel Discount Bank | PairCorr |
| 0.93 | HARL | Harel Insurance Inve Earnings Call This Week | PairCorr |
| 0.89 | MGDL | Migdal Insurance | PairCorr |
| 0.87 | FIBI | First International Bank | PairCorr |
Moving against IDI Stock
| 0.73 | GZT | Gazit Globe | PairCorr |
| 0.49 | AZRG | Azrieli Group | PairCorr |
| 0.49 | ARPT | Airport City Earnings Call This Week | PairCorr |
| 0.37 | MLSR | Melisron | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between IDI Stock performing well and IDI Insurance 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 IDI Insurance'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HARL | 1.69 | 0.62 | 0.42 | 9.31 | 1.27 | 4.28 | 9.00 | |||
| MGDL | 1.34 | 0.17 | 0.12 | (1.95) | 1.83 | 2.89 | 11.97 | |||
| MMHD | 1.64 | 0.60 | 0.52 | 2.22 | 0.81 | 3.87 | 10.48 | |||
| PHOE | 1.44 | 0.69 | 0.52 | 1.80 | 0.96 | 4.72 | 10.10 | |||
| CLIS | 1.49 | 0.40 | 0.23 | 0.90 | 1.63 | 3.55 | 12.46 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in IDI Insurance 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 Technical Analysis Now
Technical AnalysisCheck basic technical indicators and analysis based on most latest market data |
| All Next | Launch Module |
IDI Insurance Corporate Management
Elected by the shareholders, the IDI Insurance's board of directors comprises two types of representatives: IDI Insurance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of IDI. The board's role is to monitor IDI Insurance's management team and ensure that shareholders' interests are well served. IDI Insurance'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, IDI Insurance's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rav Bartov | Chief Officer | Profile | |
| Tal FrielMann | VP Sec | Profile | |
| Yossi Efrati | VP Investments | Profile | |
| Merav Peretz | VP Digital | Profile | |
| Yaakov Saban | Deputy Officer | Profile |