Inbar Group Correlations

INBR Stock

324.20 4.20 1.31%

The current 90-days correlation between Inbar Group Finance and Clal Biotechnology Industries is 0.09 (i.e., Significant diversification). The correlation of Inbar Group 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.

Inbar Group Correlation With Market

Significant diversification

The correlation between Inbar Group Finance and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inbar Group Finance and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Inbar Stock

0.72	ATRY	Atreyu Capital Markets	Pair Corr
0.67	PIU	Poalim Ibi	Pair Corr
0.81	LUMI	Bank Leumi Le	Pair Corr
0.76	MZTF	Mizrahi Tefahot	Pair Corr
0.78	DSCT	Israel Discount Bank	Pair Corr
0.79	MGDL	Migdal Insurance	Pair Corr
0.78	FIBIH	FIBI Holdings	Pair Corr
0.72	FIBI	First International Bank	Pair Corr
0.77	CLIS	Clal Insurance Enter	Pair Corr
0.84	PHOE	Phoenix Holdings	Pair Corr
0.79	HARL	Harel Insurance Inve	Pair Corr
0.84	MMHD	Menora Miv Hld	Pair Corr
0.8	LEVI	Levinstein Eng	Pair Corr
0.75	TIGBUR	Tigbur Temporary	Pair Corr
0.75	ISRS	Isras Investment	Pair Corr
0.79	PLSN	Plasson Indus	Pair Corr
0.67	ADGR	Adgar Investments	Pair Corr
0.75	RIT1	Reit 1	Pair Corr
0.74	IDIN	IDI Insurance	Pair Corr
0.78	RATI	Ratio Oil Explorations	Pair Corr
0.74	AZRG	Azrieli Group	Pair Corr

Moving against Inbar Stock

0.57

PLTF

Value Capital One

Pair Corr

Related Correlations Analysis

	POLP	SNCM	DANH	MGIC	CBI	SCOP	GLPL
POLP		0.86	-0.72	0.15	-0.58	0.83	0.81	POLP
SNCM	0.86		-0.72	0.04	-0.36	0.79	0.78	SNCM
DANH	-0.72	-0.72		-0.06	0.53	-0.81	-0.78	DANH
MGIC	0.15	0.04	-0.06		-0.21	0.25	0.17	MGIC
CBI	-0.58	-0.36	0.53	-0.21		-0.54	-0.55	CBI
SCOP	0.83	0.79	-0.81	0.25	-0.54		0.92	SCOP
GLPL	0.81	0.78	-0.78	0.17	-0.55	0.92		GLPL
	POLP	SNCM	DANH	MGIC	CBI	SCOP	GLPL

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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

GLPL	+ 0.92	SCOP
SNCM	+ 0.86	POLP
SCOP	+ 0.83	POLP
GLPL	+ 0.81	POLP
SCOP	+ 0.79	SNCM
GLPL	+ 0.78	SNCM

High negative correlations

SCOP	- 0.81	DANH
GLPL	- 0.78	DANH
DANH	- 0.72	SNCM
DANH	- 0.72	POLP
CBI	- 0.58	POLP
GLPL	- 0.55	CBI

Risk-Adjusted Indicators

There is a big difference between Inbar Stock performing well and Inbar Group 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 Inbar Group'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
POLP	1.24	0.39	0.21	(5.15)	0.88	(1.60)	2.70	(2.01)	7.11
SNCM	1.34	0.06	0.01	0.21	1.35	(1.61)	4.00	(2.28)	8.24
DANH	0.74	(0.11)	0.00	(0.55)	0.00	0.00	2.40	(2.12)	6.75
MGIC	1.66	(0.05)	0.00	1.39	0.00	0.00	2.81	(3.05)	12.04
CBI	2.47	(0.17)	0.00	(2.00)	0.00	0.00	4.58	(5.59)	17.01
SCOP	1.79	0.30	0.10	3.84	1.80	(2.05)	3.93	(3.45)	11.65
GLPL	1.70	0.46	0.14	(0.86)	1.68	(2.07)	5.43	(3.55)	11.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in Inbar Group 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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