Plasson Indus Correlations
| PLSN Stock | ILS 19,430 370.00 1.87% |
The current 90-days correlation between Plasson Indus and Danel is 0.41 (i.e., Very weak diversification). The correlation of Plasson Indus 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.
Plasson Indus Correlation With Market
Significant diversification
The correlation between Plasson Indus 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 Plasson Indus and DJI in the same portfolio, assuming nothing else is changed.
Plasson |
The ability to find closely correlated positions to Plasson Indus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plasson Indus 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 Plasson Indus - 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 Plasson Indus to buy it.
Moving together with Plasson Stock
| 0.82 | MZTF | Mizrahi Tefahot | PairCorr |
| 0.81 | DSCT | Israel Discount Bank | PairCorr |
| 0.69 | HARL | Harel Insurance Inve Earnings Call This Week | PairCorr |
| 0.83 | MGDL | Migdal Insurance | PairCorr |
| 0.78 | FIBI | First International Bank | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Plasson Stock performing well and Plasson Indus 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 Plasson Indus' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DANE | 1.27 | (0.06) | 0.00 | (0.30) | 0.00 | 2.51 | 9.88 | |||
| BEZQ | 1.17 | 0.16 | 0.12 | 0.31 | 1.44 | 3.10 | 11.11 | |||
| MLTM | 1.63 | (0.12) | 0.00 | (0.43) | 0.00 | 5.52 | 15.61 | |||
| MTRX | 1.25 | 0.09 | 0.12 | (7.30) | 1.19 | 2.69 | 9.95 | |||
| ECP | 1.52 | 0.07 | 0.07 | (0.86) | 2.01 | 3.90 | 9.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Plasson Indus 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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Plasson Indus Corporate Management
Elected by the shareholders, the Plasson Indus' board of directors comprises two types of representatives: Plasson Indus inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Plasson. The board's role is to monitor Plasson Indus' management team and ensure that shareholders' interests are well served. Plasson Indus' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Plasson Indus' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Oded Hankin | Director Division | Profile | |
| Ofer Borovsky | CoChief Officer | Profile | |
| Yuval Tzur | Director Division | Profile | |
| Gal Wexler | Chief Officer | Profile |