Paz Oil Correlations
| PZOL Stock | ILS 51,480 780.00 1.49% |
The current 90-days correlation between Paz Oil and Delek Group is 0.58 (i.e., Very weak diversification). The correlation of Paz Oil 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.
Paz |
The ability to find closely correlated positions to Paz Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paz Oil 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 Paz Oil - 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 Paz Oil to buy it.
Moving together with Paz Stock
| 0.62 | LPHL-L | Lapidoth Heletz | PairCorr |
| 0.71 | LPHL | Lapidoth Heletz | PairCorr |
| 0.75 | GOLD | Gold Bond | PairCorr |
| 0.75 | AMX | Automax Motors | PairCorr |
| 0.8 | OPCE | OPC Energy | PairCorr |
| 0.86 | ROTS | Rotshtein | PairCorr |
| 0.93 | ATRY | Atreyu Capital Markets | PairCorr |
| 0.65 | GFC | GFC Green Fields | PairCorr |
| 0.93 | NTO | Neto ME Holdings | PairCorr |
| 0.78 | ISHI | Israel Shipyards | PairCorr |
| 0.71 | ELWS | Electreon Wireless | PairCorr |
| 0.8 | ARGO | Argo Properties NV | PairCorr |
| 0.87 | GLRS | Globrands Group | PairCorr |
| 0.86 | DIFI | Direct Finance TA | PairCorr |
| 0.91 | SHGR | Shagrir Group Vehicle | PairCorr |
| 0.78 | MLRN | MLRN Projects | PairCorr |
| 0.78 | ESLT | Elbit Systems Earnings Call This Week | PairCorr |
| 0.9 | KDST | Kadimastem | PairCorr |
| 0.96 | MISH | Mivtach Shamir | PairCorr |
| 0.9 | AMAN | Amanet Management Systems | PairCorr |
| 0.9 | ORON | Oron Group Investments | PairCorr |
| 0.83 | ISCD | Isracard | PairCorr |
| 0.85 | ZUR | Zur Shamir Holdings | PairCorr |
| 0.91 | RATI-L | Ratio Energies LP | PairCorr |
| 0.86 | EMDV | Emilia Devel | PairCorr |
| 0.91 | NXTM | Nextcom | PairCorr |
| 0.94 | MPP | More Provident Funds | PairCorr |
| 0.83 | PTCH | Petrochemical | PairCorr |
| 0.85 | KNFM | Knafaim | PairCorr |
Related Correlations Analysis
| 0.84 | 0.92 | 0.93 | 0.88 | DLEKG | ||
| 0.84 | 0.75 | 0.85 | 0.94 | POLI | ||
| 0.92 | 0.75 | 0.92 | 0.81 | ORL | ||
| 0.93 | 0.85 | 0.92 | 0.88 | BEZQ | ||
| 0.88 | 0.94 | 0.81 | 0.88 | DSCT | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Paz Stock performing well and Paz Oil 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 Paz Oil'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DLEKG | 1.50 | 0.35 | 0.26 | 0.67 | 1.21 | 4.42 | 10.05 | |||
| POLI | 1.11 | 0.32 | 0.32 | (5.66) | 1.01 | 2.61 | 6.98 | |||
| ORL | 1.43 | 0.13 | 0.13 | (0.69) | 1.59 | 3.13 | 11.06 | |||
| BEZQ | 1.16 | 0.15 | 0.13 | 0.29 | 1.44 | 2.99 | 6.51 | |||
| DSCT | 1.34 | 0.22 | 0.18 | 4.33 | 1.62 | 2.43 | 12.38 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Paz Oil 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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Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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Paz Oil Corporate Management
Elected by the shareholders, the Paz Oil's board of directors comprises two types of representatives: Paz Oil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Paz. The board's role is to monitor Paz Oil's management team and ensure that shareholders' interests are well served. Paz Oil'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, Paz Oil's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nir Sztern | Chief Officer | Profile | |
| Shlomi Frilling | Deputy Officer | Profile | |
| Einat Yatziv | VP Admin | Profile | |
| Yifat Fogel | Chief MD | Profile | |
| Miri Shaul | VP Regulation | Profile |