Arad Investment Correlations
| ARAD Stock | ILS 17,400 330.00 1.93% |
The current 90-days correlation between Arad Investment Indu and Alony Hetz Properties is 0.04 (i.e., Significant diversification). The correlation of Arad Investment 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.
Arad Investment Correlation With Market
Significant diversification
The correlation between Arad Investment Industrial and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arad Investment Industrial and DJI in the same portfolio, assuming nothing else is changed.
Arad |
The ability to find closely correlated positions to Arad Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arad Investment 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 Arad Investment - 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 Arad Investment Industrial to buy it.
Moving together with Arad Stock
| 0.9 | MGDL | Migdal Insurance | PairCorr |
| 0.93 | CLIS | Clal Insurance Enter | PairCorr |
| 0.95 | HARL | Harel Insurance Inve | PairCorr |
| 0.95 | AYAL | Ayalon Holdings | PairCorr |
| 0.96 | MMHD | Menora Miv Hld | PairCorr |
| 0.85 | DLEKG | Delek Group | PairCorr |
| 0.9 | SKBN | Shikun Binui | PairCorr |
| 0.83 | IDIN | IDI Insurance | PairCorr |
| 0.88 | ILCO | Israel Corp | PairCorr |
| 0.98 | ELCO | Elco | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Arad Stock performing well and Arad Investment 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 Arad Investment'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARD | 0.97 | 0.04 | (0.01) | 0.21 | 1.31 | 2.34 | 8.19 | |||
| ALHE | 1.68 | 0.16 | 0.06 | 0.40 | 1.58 | 4.69 | 13.56 | |||
| DANE | 1.27 | 0.35 | 0.21 | 1.39 | 1.03 | 2.76 | 7.92 | |||
| ARPT | 1.21 | 0.12 | 0.05 | 0.42 | 1.13 | 2.81 | 9.12 | |||
| HARL | 1.52 | 0.76 | 0.46 | 20.22 | 0.91 | 3.45 | 8.87 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Arad Investment 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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Arad Investment Corporate Management
Elected by the shareholders, the Arad Investment's board of directors comprises two types of representatives: Arad Investment inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Arad. The board's role is to monitor Arad Investment's management team and ensure that shareholders' interests are well served. Arad Investment'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, Arad Investment's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Udi Weintraub | Chief Ltd | Profile | |
| Victor Krief | Chief GTI | Profile | |
| Uri Salah | Chief Shachar | Profile | |
| Geller Johnatan | Attorney Sec | Profile | |
| Ilan CPA | Chief Officer | Profile | |
| Elder Brockmeyer | Chief Officer | Profile |