Isramco Negev Correlations

Stocks . Israel . 
Stock . Isramco Negev 2
ISRA Stock   190.20  0.20  0.11%   
The current 90-days correlation between Isramco Negev 2 and ICL Israel Chemicals is 0.17 (i.e., Average diversification). The correlation of Isramco Negev 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.

Isramco Negev Correlation With Market

Good diversification

The correlation between Isramco Negev 2 and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Isramco Negev 2 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Isramco Negev could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Isramco Negev 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 Isramco Negev - 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 Isramco Negev 2 to buy it.

Moving together with Isramco Stock

  0.92GOLD Gold BondPairCorr
  0.97LUMI Bank Leumi LePairCorr
  0.69ICL ICL Israel ChemicalsPairCorr
  0.97MZTF Mizrahi TefahotPairCorr
  0.96AZRG Azrieli GroupPairCorr
  0.97ESLT Elbit SystemsPairCorr
  0.97DSCT Israel Discount BankPairCorr
  0.78ORA Ormat TechnologiesPairCorr
  0.97RATI Ratio Oil ExplorationsPairCorr
  0.98MGDL Migdal InsurancePairCorr
  0.98CLIS Clal Insurance EnterPairCorr
  0.97HARL Harel Insurance InvePairCorr
  0.94AYAL Ayalon HoldingsPairCorr
  0.95MMHD Menora Miv HldPairCorr
  0.92DLEKG Delek GroupPairCorr
  0.89SKBN Shikun BinuiPairCorr
  0.86IDIN IDI InsurancePairCorr
  0.86ILCO Israel CorpPairCorr
  0.86ELCO ElcoPairCorr
  0.76ELAL El Al IsraelPairCorr
  0.95BIG Big Shopping CentersPairCorr
  0.74TSEM Tower SemiconductorPairCorr
  0.9OPAL Opal BalancePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Isramco Stock performing well and Isramco Negev 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 Isramco Negev'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NICE  2.07 (0.01)(0.02) 0.06  3.49 
(2.04)
 4.35 
(3.98)
 21.85 
GOLD  1.40  0.34  0.08 (17.85) 2.02 
(1.51)
 3.26 
(3.63)
 18.99 
LUMI  1.24  0.45  0.21  2.96  1.20 
(1.38)
 2.98 
(2.28)
 6.40 
ICL  1.96  0.18  0.04  4.10  2.05 
(2.28)
 5.63 
(3.18)
 11.77 
MZTF  1.21  0.28  0.14  5.28  1.11 
(1.43)
 2.71 
(1.90)
 5.50 
AZRG  1.58  0.30  0.13  0.76  1.51 
(1.92)
 3.77 
(3.02)
 9.70 
ESLT  1.29  0.43  0.25  3.91  0.86 
(1.51)
 4.09 
(2.03)
 8.80 
DSCT  1.28  0.36  0.17  6.20  1.23 
(1.43)
 2.59 
(2.64)
 7.16 
ORA  1.03  0.02 (0.04) 0.20  1.42 
(1.05)
 2.04 
(2.00)
 5.97 
RATI  1.49  0.50  0.25 (5.07) 1.15 
(1.81)
 3.75 
(2.45)
 8.86 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Isramco Negev 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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Isramco Negev Corporate Management

Elected by the shareholders, the Isramco Negev's board of directors comprises two types of representatives: Isramco Negev inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Isramco. The board's role is to monitor Isramco Negev's management team and ensure that shareholders' interests are well served. Isramco Negev'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, Isramco Negev's outside directors are responsible for providing unbiased perspectives on the board's policies.
David WeinbergCompany SecProfile
Eitan VolochChief LtdProfile
Eran LandnerChief LtdProfile
Guy AdonChief LtdProfile
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