Ravad Correlations

RAVD Stock

ILA 814.20 14.40 1.80%

The current 90-days correlation between Ravad and Migdal Insurance is 0.28 (i.e., Modest diversification). The correlation of Ravad 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.

Ravad Correlation With Market

Significant diversification

The correlation between Ravad and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ravad and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ravad could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ravad 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 Ravad - 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 Ravad to buy it.

Moving against Ravad Stock

0.8	OVRS	Overseas Commerce	Pair Corr
0.77	UTRN	Utron	Pair Corr
0.76	KDST	Kadimastem	Pair Corr
0.76	ESLT	Elbit Systems Earnings Call This Week	Pair Corr
0.72	AMAN	Amanet Management Systems	Pair Corr
0.71	ROTS	Rotshtein	Pair Corr
0.71	MRG	Multi Retail Group	Pair Corr
0.71	NTO	Neto ME Holdings	Pair Corr
0.7	ELAL	El Al Israel	Pair Corr
0.69	MDIN	Modiin Energy Limited	Pair Corr
0.68	RATI-L	Ratio Energies LP	Pair Corr
0.67	DSCT	Israel Discount Bank	Pair Corr
0.65	CDEV	Cohen Dev	Pair Corr
0.65	FIBI	First International Bank	Pair Corr
0.64	ELRN	Elron Electronic Ind	Pair Corr
0.63	GOLD	Gold Bond	Pair Corr
0.62	ATRY	Atreyu Capital Markets	Pair Corr
0.61	BIMT	Bio Meat Foodtech	Pair Corr
0.6	TIGBUR	Tigbur Temporary	Pair Corr
0.58	MDTR	Mediterranean Towers	Pair Corr
0.57	EMTC	Elbit Med Tech	Pair Corr
0.51	STRS	Strauss Group Earnings Call This Week	Pair Corr
0.41	GOLF	Golf Co Group	Pair Corr
0.38	INFR-M	Infimer	Pair Corr
0.77	NXTM	Nextcom	Pair Corr
0.76	PTCH	Petrochemical	Pair Corr
0.76	MISH	Mivtach Shamir	Pair Corr
0.73	SHGR	Shagrir Group Vehicle	Pair Corr
0.71	MSKE	Meshek Energy Renewable	Pair Corr
0.7	MNIF	Menif Financial Services	Pair Corr
0.68	NXTG	Nextage Therapeutics	Pair Corr
0.68	DIFI	Direct Finance TA	Pair Corr
0.67	PLRM	Palram	Pair Corr
0.67	ELWS	Electreon Wireless	Pair Corr
0.66	DLEKG	Delek Group Earnings Call This Week	Pair Corr
0.66	ACCL	Accel Solutions Group	Pair Corr

Related Correlations Analysis

	MGDL	NSTR	CLIS	MMHD	ALHE
MGDL		-0.67	0.95	0.96	0.83	MGDL
NSTR	-0.67		-0.73	-0.74	-0.43	NSTR
CLIS	0.95	-0.73		0.98	0.74	CLIS
MMHD	0.96	-0.74	0.98		0.76	MMHD
ALHE	0.83	-0.43	0.74	0.76		ALHE
	MGDL	NSTR	CLIS	MMHD	ALHE

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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

MMHD	+ 0.98	CLIS
MMHD	+ 0.96	MGDL
CLIS	+ 0.95	MGDL
ALHE	+ 0.83	MGDL
ALHE	+ 0.76	MMHD
ALHE	+ 0.74	CLIS

High negative correlations

MMHD	- 0.74	NSTR
CLIS	- 0.73	NSTR
NSTR	- 0.67	MGDL
ALHE	- 0.43	NSTR

Risk-Adjusted Indicators

There is a big difference between Ravad Stock performing well and Ravad 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 Ravad'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
MGDL	1.16	0.32	0.31	(27.78)	1.12	(1.52)	2.85	(2.61)	7.91
NSTR	1.99	(0.42)	0.00	6.54	0.00	0.00	4.72	(3.38)	14.68
CLIS	1.39	0.52	0.39	1.15	1.10	(1.70)	3.55	(2.60)	8.68
MMHD	1.54	0.53	0.47	5.54	0.92	(2.03)	3.71	(1.89)	7.08
ALHE	1.72	0.21	0.15	0.41	1.64	(1.94)	4.69	(2.89)	13.64

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ravad 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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