Erika Carmel Correlations

BCUR Stock

26.20 0.10 0.38%

The current 90-days correlation between Erika Carmel and Dan Hotels is 0.13 (i.e., Average diversification). The correlation of Erika Carmel 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.

Erika Carmel Correlation With Market

Significant diversification

The correlation between Erika Carmel and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Erika Carmel and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Erika Stock

0.69	EXPO	Export Inv	Pair Corr
0.68	ORA	Ormat Technologies	Pair Corr
0.67	LUMI	Bank Leumi Le Earnings Call This Week	Pair Corr
0.67	ESLT	Elbit Systems	Pair Corr
0.65	DLEKG	Delek Group	Pair Corr
0.64	MZTF	Mizrahi Tefahot Earnings Call This Week	Pair Corr
0.61	AZRG	Azrieli Group Earnings Call Tomorrow	Pair Corr
0.61	MTDS	Meitav Dash Investments	Pair Corr
0.57	DSCT	Israel Discount Bank Earnings Call Tomorrow	Pair Corr
0.54	GOLD	Gold Bond	Pair Corr
0.54	DISI	Discount Investment Corp	Pair Corr
0.51	RATI	Ratio Oil Explorations Earnings Call This Week	Pair Corr
0.49	FIBI	First International Bank Earnings Call Tomorrow	Pair Corr
0.37	JBNK	Jerusalem	Pair Corr

Related Correlations Analysis

	DANH	PTCH	RPAC	BCOM	DISI	ADGR
DANH		-0.63	-0.39	-0.88	-0.86	-0.78	DANH
PTCH	-0.63		0.79	0.63	0.78	0.78	PTCH
RPAC	-0.39	0.79		0.45	0.61	0.61	RPAC
BCOM	-0.88	0.63	0.45		0.93	0.83	BCOM
DISI	-0.86	0.78	0.61	0.93		0.86	DISI
ADGR	-0.78	0.78	0.61	0.83	0.86		ADGR
	DANH	PTCH	RPAC	BCOM	DISI	ADGR

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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

DISI	+ 0.93	BCOM
ADGR	+ 0.86	DISI
ADGR	+ 0.83	BCOM
RPAC	+ 0.79	PTCH
DISI	+ 0.78	PTCH
ADGR	+ 0.78	PTCH

High negative correlations

BCOM	- 0.88	DANH
DISI	- 0.86	DANH
ADGR	- 0.78	DANH
PTCH	- 0.63	DANH
RPAC	- 0.39	DANH

Risk-Adjusted Indicators

There is a big difference between Erika Stock performing well and Erika Carmel 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 Erika Carmel'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
DANH	0.64	(0.13)	0.00	(1.38)	0.00	0.00	2.14	(1.96)	4.77
PTCH	2.05	0.30	0.05	(1.75)	2.78	(2.27)	5.20	(3.40)	17.02
RPAC	1.05	0.06	(0.06)	(0.06)	1.57	(1.02)	2.33	(2.73)	8.23
BCOM	1.83	0.49	0.16	(1.88)	1.56	(2.10)	4.90	(3.10)	16.14
DISI	1.93	0.53	0.17	(4.94)	1.81	(2.15)	4.37	(3.82)	14.52
ADGR	1.56	0.12	0.01	0.76	2.03	(1.53)	3.26	(2.97)	9.49

Be your own money manager

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