Almogim Holdings Correlations

ALMA Stock

ILA 1,022 3.00 0.29%

The current 90-days correlation between Almogim Holdings and Rotshtein is 0.31 (i.e., Weak diversification). The correlation of Almogim Holdings 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.

Almogim Holdings Correlation With Market

Good diversification

The correlation between Almogim Holdings 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 Almogim Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Almogim Stock

0.8	ROTS	Rotshtein	Pair Corr
0.73	MCTC	Nextage Therapeutics	Pair Corr
0.91	MORE-S8	More Mutual Funds	Pair Corr
0.94	GLPL	Golan Plastic	Pair Corr
0.85	SHOM	EN Shoham Business	Pair Corr
0.9	SNCM	Suny Cellular Commun	Pair Corr
0.76	TSEM	Tower Semiconductor	Pair Corr
0.78	AZRG	Azrieli Group	Pair Corr
0.61	RPAC	Rapac Communication	Pair Corr
0.9	MMHD	Menora Miv Hld	Pair Corr
0.89	MLSR	Melisron	Pair Corr
0.88	CLIS	Clal Insurance Enter	Pair Corr
0.77	AURA	Aura Investments	Pair Corr
0.7	ARYT	Aryt Industries	Pair Corr
0.92	HLAN	Hilan	Pair Corr
0.95	AVIV	Mordechai Aviv Taasiot	Pair Corr
0.97	ADGR	Adgar Investments	Pair Corr
0.88	ISTA	Issta Lines	Pair Corr
0.69	AMRK	Amir Marketing	Pair Corr
0.89	MLTM	Malam Team	Pair Corr
0.7	HRON	Hiron Trade Investments	Pair Corr
0.75	MZTF	Mizrahi Tefahot	Pair Corr
0.96	ELTR	Electra	Pair Corr
0.81	NSTR	Norstar	Pair Corr
0.9	LUMI	Bank Leumi Le	Pair Corr
0.65	AVLN	Aviv Arlon	Pair Corr
0.88	SHNP	Schnapp	Pair Corr

Moving against Almogim Stock

0.83	FVT	Ai Conversation Systems	Pair Corr
0.8	DCI	Direct Capital Inves	Pair Corr
0.47	SAFE	Safe T Group	Pair Corr
0.45	GIVO-L	GIVOT OLAM OIL	Pair Corr
0.45	BMDX	Biomedix Incubator	Pair Corr
0.4	ICB	Israel China Biotech	Pair Corr
0.39	BSP	Black Sea Property	Pair Corr

Related Correlations Analysis

	ROTS	RTSN	ALMA	KLIL	LBRA	TEVA	PTCH	ALHE	CMCT	ELAL
ROTS		0.58	0.8	0.72	0.84	0.49	0.38	0.63	0.38	0.62	ROTS
RTSN	0.58		0.36	0.4	0.45	0.44	0.24	0.34	0.6	0.5	RTSN
ALMA	0.8	0.36		0.89	0.94	0.45	-0.16	0.52	0.12	0.18	ALMA
KLIL	0.72	0.4	0.89		0.91	0.31	-0.16	0.67	0.07	0.04	KLIL
LBRA	0.84	0.45	0.94	0.91		0.52	-0.06	0.64	0.17	0.31	LBRA
TEVA	0.49	0.44	0.45	0.31	0.52		0.04	0.2	0.45	0.49	TEVA
PTCH	0.38	0.24	-0.16	-0.16	-0.06	0.04		0.18	0.18	0.7	PTCH
ALHE	0.63	0.34	0.52	0.67	0.64	0.2	0.18		0.16	0.23	ALHE
CMCT	0.38	0.6	0.12	0.07	0.17	0.45	0.18	0.16		0.4	CMCT
ELAL	0.62	0.5	0.18	0.04	0.31	0.49	0.7	0.23	0.4		ELAL
	ROTS	RTSN	ALMA	KLIL	LBRA	TEVA	PTCH	ALHE	CMCT	ELAL

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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

LBRA	+ 0.94	ALMA
LBRA	+ 0.91	KLIL
KLIL	+ 0.89	ALMA
LBRA	+ 0.84	ROTS
ALMA	+ 0.8	ROTS
KLIL	+ 0.72	ROTS

High negative correlations

PTCH	- 0.16	KLIL
PTCH	- 0.16	ALMA
PTCH	- 0.06	LBRA

Risk-Adjusted Indicators

There is a big difference between Almogim Stock performing well and Almogim Holdings 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 Almogim Holdings' 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
ROTS	1.60	0.71	0.37	1.66	1.03	(1.95)	4.50	(2.30)	14.12
RTSN	2.09	0.55	0.13	(0.71)	2.25	(2.23)	6.39	(3.36)	16.95
ALMA	1.19	0.37	0.13	(1.00)	1.39	(1.31)	3.38	(2.53)	12.11
KLIL	1.86	0.43	0.15	(6.66)	1.80	(2.30)	6.89	(2.96)	24.29
LBRA	1.87	0.87	0.47	(6.97)	0.92	(2.31)	5.51	(2.62)	15.11
TEVA	2.20	(0.02)	(0.02)	0.01	3.39	(2.35)	3.33	(4.24)	34.01
PTCH	2.04	0.30	0.09	6.35	2.16	(2.49)	6.21	(3.51)	14.08
ALHE	1.68	0.16	0.06	0.40	1.58	(1.88)	4.69	(2.89)	13.56
CMCT	30.35	9.86	0.69	0.93	12.12	(56.22)	17.97	(20.64)	978.38
ELAL	3.06	0.61	0.14	1.97	3.69	(3.20)	6.36	(6.13)	15.23

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Our tools can tell you how much better you can do entering a position in Almogim Holdings 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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Almogim Holdings Corporate Management

Elected by the shareholders, the Almogim Holdings' board of directors comprises two types of representatives: Almogim Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Almogim. The board's role is to monitor Almogim Holdings' management team and ensure that shareholders' interests are well served. Almogim Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Almogim Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

Jacob Cronzilber	VP Execution	Profile
Mario Zuzel	Founder Chairman	Profile
Noy Moshiach	VP Renewal	Profile
Tal Shiloh	Legal Counsel	Profile
Michal Gor	GM CEO	Profile
Ami BarMashiah	Founder Chairman	Profile

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