Israel Shipyards Correlations
| ISHI Stock | ILA 12,200 560.00 4.39% |
The current 90-days correlation between Israel Shipyards and Isras Investment is 0.14 (i.e., Average diversification). The correlation of Israel Shipyards 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.
Israel Shipyards Correlation With Market
Good diversification
The correlation between Israel Shipyards and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Israel Shipyards and DJI in the same portfolio, assuming nothing else is changed.
Israel |
The ability to find closely correlated positions to Israel Shipyards could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Israel Shipyards 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 Israel Shipyards - 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 Israel Shipyards to buy it.
Moving together with Israel Stock
| 0.83 | ESLT | Elbit Systems Earnings Call Tomorrow | PairCorr |
| 0.75 | FBRT | FMS Enterprises Migun | PairCorr |
| 0.79 | BSEN | Bet Shemesh Engines | PairCorr |
| 0.91 | ORBI | Orbit Technologies | PairCorr |
| 0.72 | ASHO | Ashot Ashkelon Industries | PairCorr |
| 0.9 | ARYT | Aryt Industries | PairCorr |
Moving against Israel Stock
| 0.8 | SAFE | Safe T Group | PairCorr |
| 0.68 | BSP | Black Sea Property | PairCorr |
| 0.68 | ICB | Israel China Biotech | PairCorr |
| 0.66 | DCI | Direct Capital Inves | PairCorr |
| 0.56 | APLY | Aerodrome Group | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Israel Stock performing well and Israel Shipyards 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 Israel Shipyards' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TUZA | 1.86 | 0.20 | 0.07 | 22.89 | 2.80 | 4.80 | 16.23 | |||
| ISRS | 1.36 | (0.13) | 0.00 | 1.09 | 0.00 | 2.57 | 9.21 | |||
| STEC | 1.96 | 0.32 | 0.11 | (1.15) | 2.22 | 7.03 | 20.09 | |||
| ARAD | 2.50 | (0.18) | 0.00 | (0.62) | 0.00 | 5.04 | 14.88 | |||
| ADGR | 1.17 | (0.04) | 0.00 | (0.23) | 0.00 | 2.84 | 9.68 | |||
| MRIN | 2.17 | 0.41 | 0.20 | 2.46 | 2.05 | 4.79 | 13.35 | |||
| MTAV | 1.65 | 0.77 | 0.43 | 3.06 | 1.19 | 4.23 | 9.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Israel Shipyards 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?
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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Israel Shipyards Corporate Management
Elected by the shareholders, the Israel Shipyards' board of directors comprises two types of representatives: Israel Shipyards inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Israel. The board's role is to monitor Israel Shipyards' management team and ensure that shareholders' interests are well served. Israel Shipyards' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Israel Shipyards' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eitan Zucker | Chief Shipyards | Profile | |
| Zvi Schechterman | Chief Officer | Profile | |
| Eyal Hecht | Chief Cement | Profile | |
| Boaz Tal | Deputy Adviser | Profile | |
| Yael Tzur | VP Fin | Profile |