TAT Technologies Correlations
| TATT Stock | ILS 8,240 40.00 0.49% |
The current 90-days correlation between TAT Technologies and Bet Shemesh Engines is -0.11 (i.e., Good diversification). The correlation of TAT Technologies 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.
TAT Technologies Correlation With Market
Good diversification
The correlation between TAT Technologies and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TAT Technologies and DJI in the same portfolio, assuming nothing else is changed.
TAT |
The ability to find closely correlated positions to TAT Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TAT Technologies 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 TAT Technologies - 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 TAT Technologies to buy it.
Moving together with TAT Stock
| 0.88 | ESLT | Elbit Systems | PairCorr |
| 0.85 | ISHI | Israel Shipyards | PairCorr |
| 0.89 | BSEN | Bet Shemesh Engines | PairCorr |
| 0.85 | ORBI | Orbit Technologies | PairCorr |
| 0.82 | ASHO | Ashot Ashkelon Industries | PairCorr |
| 0.78 | GKL | Global Knafaim Leasing | PairCorr |
| 0.81 | ARYT | Aryt Industries | PairCorr |
| 0.88 | DLEKG | Delek Group | PairCorr |
| 0.88 | MGDL | Migdal Insurance | PairCorr |
| 0.92 | LUMI | Bank Leumi Le | PairCorr |
| 0.84 | CLIS | Clal Insurance Enter | PairCorr |
| 0.88 | MZTF | Mizrahi Tefahot | PairCorr |
| 0.88 | DSCT | Israel Discount Bank | PairCorr |
| 0.9 | MTDS | Meitav Dash Investments | PairCorr |
| 0.83 | FIBI | First International Bank | PairCorr |
| 0.86 | HARL | Harel Insurance Inve | PairCorr |
| 0.83 | DISI | Discount Investment Corp | PairCorr |
Related Correlations Analysis
| 0.87 | 0.8 | -0.06 | 0.94 | BSEN | ||
| 0.87 | 0.66 | 0.1 | 0.89 | ORBI | ||
| 0.8 | 0.66 | -0.07 | 0.73 | TSEM | ||
| -0.06 | 0.1 | -0.07 | -0.08 | ELRN | ||
| 0.94 | 0.89 | 0.73 | -0.08 | ESLT | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between TAT Stock performing well and TAT Technologies 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 TAT Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BSEN | 2.17 | 0.33 | 0.09 | 0.71 | 2.69 | 5.09 | 19.12 | |||
| ORBI | 1.44 | 0.25 | 0.07 | 20.87 | 1.48 | 4.23 | 9.90 | |||
| TSEM | 1.88 | 0.13 | 0.01 | 1.43 | 2.75 | 3.91 | 14.22 | |||
| ELRN | 2.39 | 0.17 | 0.01 | (1.07) | 4.09 | 6.87 | 30.12 | |||
| ESLT | 1.30 | 0.39 | 0.21 | 4.24 | 0.87 | 4.09 | 8.80 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in TAT Technologies 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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TAT Technologies Corporate Management
Elected by the shareholders, the TAT Technologies' board of directors comprises two types of representatives: TAT Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TAT. The board's role is to monitor TAT Technologies' management team and ensure that shareholders' interests are well served. TAT Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TAT Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eitan Shabtay | EVP Technologies | Profile | |
| Lars Hesbjerg | VP Sales | Profile | |
| Michael Chen | Pres Ltd | Profile | |
| Ohad Milo | Pres Gedera | Profile | |
| Yair Raz | Ex Strategy | Profile | |
| Ehud BenYair | Chief Officer | Profile |