Shikun Binui Correlations
| SKBN Stock | ILS 1,183 4.00 0.34% |
The current 90-days correlation between Shikun Binui and Israel Discount Bank is 0.45 (i.e., Very weak diversification). The correlation of Shikun Binui 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.
Shikun Binui Correlation With Market
Good diversification
The correlation between Shikun Binui 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 Shikun Binui and DJI in the same portfolio, assuming nothing else is changed.
Shikun |
The ability to find closely correlated positions to Shikun Binui could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shikun Binui 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 Shikun Binui - 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 Shikun Binui to buy it.
Moving together with Shikun Stock
| 0.79 | CLBV | Clal Industries | PairCorr |
| 0.91 | SLARL | Sella Real Estate | PairCorr |
| 0.84 | MVNE | Mivne Real Estate | PairCorr |
| 0.65 | DANE | Danel | PairCorr |
Moving against Shikun Stock
| 0.62 | NXTG | Nextage Therapeutics | PairCorr |
| 0.45 | BIGT | Big Tech 50 | PairCorr |
| 0.4 | ICB | Israel China Biotech | PairCorr |
Related Correlations Analysis
| 0.95 | 0.31 | 0.98 | 0.98 | DSCT | ||
| 0.95 | 0.35 | 0.96 | 0.95 | BEZQ | ||
| 0.31 | 0.35 | 0.35 | 0.32 | AZRG | ||
| 0.98 | 0.96 | 0.35 | 0.98 | POLI | ||
| 0.98 | 0.95 | 0.32 | 0.98 | LUMI | ||
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Risk-Adjusted Indicators
There is a big difference between Shikun Stock performing well and Shikun Binui 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 Shikun Binui'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DSCT | 1.16 | 0.35 | 0.31 | 1.32 | 0.90 | 2.30 | 8.65 | |||
| BEZQ | 1.18 | 0.33 | 0.27 | 0.73 | 0.88 | 2.99 | 6.51 | |||
| AZRG | 1.27 | (0.07) | 0.00 | (1.56) | 0.00 | 2.53 | 11.25 | |||
| POLI | 1.05 | 0.31 | 0.26 | 4.31 | 0.98 | 2.61 | 6.56 | |||
| LUMI | 1.08 | 0.35 | 0.31 | 8.62 | 0.91 | 2.56 | 5.69 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shikun Binui 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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Shikun Binui Corporate Management
Elected by the shareholders, the Shikun Binui's board of directors comprises two types of representatives: Shikun Binui inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shikun. The board's role is to monitor Shikun Binui's management team and ensure that shareholders' interests are well served. Shikun Binui'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, Shikun Binui's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ayelet Zeitzov | Human Mang | Profile | |
| Doron Bashan | Acting CFO | Profile | |
| Yaron Dunsky | Chief AG | Profile | |
| Amit Birman | Ex CFO | Profile | |
| Gabriel David | Chief Israel | Profile |