Mizrahi Tefahot Correlations
| MZTF Stock | 16,190 200.00 1.22% |
The current 90-days correlation between Mizrahi Tefahot and Bank Leumi Le Israel is 0.82 (i.e., Very poor diversification). The correlation of Mizrahi Tefahot 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.
Mizrahi Tefahot Correlation With Market
Significant diversification
The correlation between Mizrahi Tefahot and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mizrahi Tefahot and DJI in the same portfolio, assuming nothing else is changed.
Mizrahi |
The ability to find closely correlated positions to Mizrahi Tefahot could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mizrahi Tefahot 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 Mizrahi Tefahot - 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 Mizrahi Tefahot to buy it.
Moving together with Mizrahi Stock
| 0.69 | ELDAV | Eldav L | PairCorr |
| 0.92 | GOLD | Gold Bond | PairCorr |
| 0.86 | RMN | Ram On Investments | PairCorr |
| 0.81 | STCM | Satcom Systems | PairCorr |
| 0.72 | MTLF | Matricelf | PairCorr |
Moving against Mizrahi Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Mizrahi Stock performing well and Mizrahi Tefahot 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 Mizrahi Tefahot'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LUMI | 1.22 | 0.37 | 0.16 | 2.70 | 1.23 | 2.58 | 6.40 | |||
| POLI | 1.12 | 0.30 | 0.13 | 2.88 | 1.12 | 2.62 | 6.10 | |||
| DSCT | 1.24 | 0.30 | 0.12 | 3.97 | 1.17 | 2.60 | 7.16 | |||
| FIBI | 1.15 | 0.16 | 0.03 | 3.39 | 1.19 | 2.41 | 5.30 | |||
| ESLT | 1.26 | 0.47 | 0.32 | 7.02 | 0.62 | 4.09 | 8.26 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mizrahi Tefahot 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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Mizrahi Tefahot Corporate Management
Elected by the shareholders, the Mizrahi Tefahot's board of directors comprises two types of representatives: Mizrahi Tefahot inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mizrahi. The board's role is to monitor Mizrahi Tefahot's management team and ensure that shareholders' interests are well served. Mizrahi Tefahot'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, Mizrahi Tefahot's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Moshe MBA | Pres CEO | Profile | |
| Shevy Shemer | Ex Retail | Profile | |
| Rachel Friedman | General Counsel & Head of Legal Division | Profile | |
| Ayala Hakim | Chief Ltd | Profile | |
| Doron Klausner | CRO, Head of Admin. Enforcement and Member of Management Board | Profile | |
| Adi Shachaf | Director Gen | Profile |