Bank Hapoalim Correlations
| BKHYY Stock | USD 58.50 2.45 4.02% |
The current 90-days correlation between Bank Hapoalim ADR and Israel Discount Bank is -0.03 (i.e., Good diversification). The correlation of Bank Hapoalim 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Bank Hapoalim Correlation With Market
Modest diversification
The correlation between Bank Hapoalim ADR and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank Hapoalim ADR and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Bank Hapoalim could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank Hapoalim 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 Bank Hapoalim - 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 Bank Hapoalim ADR to buy it.
Moving together with Bank Pink Sheet
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| 0.78 | WMT | Walmart Aggressive Push | PairCorr |
| 0.8 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.82 | BAC | Bank of America Aggressive Push | PairCorr |
Moving against Bank Pink Sheet
| 0.86 | BNPQF | BNP Paribas SA | PairCorr |
| 0.85 | BNPQY | BNP Paribas SA | PairCorr |
| 0.83 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.75 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.73 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.68 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.61 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.45 | FITBP | Fifth Third Bancorp | PairCorr |
| 0.45 | BBAS3 | Banco do Brasil | PairCorr |
| 0.39 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.32 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Bank Pink Sheet performing well and Bank Hapoalim 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 Bank Hapoalim'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ISDAY | 0.35 | 0.15 | 0.00 | 0.89 | 0.00 | 0.00 | 10.56 | |||
| UNTN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BAOB | 1.04 | 0.15 | 0.02 | 1.78 | 1.15 | 2.74 | 6.88 | |||
| SWZNF | 0.64 | (0.17) | 0.00 | (2.43) | 0.00 | 0.00 | 15.02 | |||
| DNKEY | 1.09 | (0.16) | 0.00 | (15.76) | 0.00 | 1.99 | 6.08 | |||
| CCFC | 0.49 | (0.16) | 0.00 | 2.27 | 0.00 | 0.60 | 7.12 | |||
| BKUT | 0.47 | 0.27 | 0.00 | (1.79) | 0.00 | 2.65 | 4.44 | |||
| FMFP | 0.95 | (0.26) | 0.00 | 0.38 | 0.00 | 0.00 | 14.87 | |||
| BEOB | 0.37 | (0.03) | 0.00 | 0.91 | 0.00 | 0.72 | 5.57 | |||
| FCCT | 0.17 | 0.10 | 0.00 | (0.30) | 0.00 | 0.00 | 5.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bank Hapoalim 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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Bank Hapoalim Corporate Management
| CPA CPA | Head Management | Profile | |
| Dov Kotler | CEO Pres | Profile | |
| Dalit Raviv | Head Board | Profile | |
| Ram Gev | Sr Board | Profile | |
| Barry Elram | Chief Switzerland | Profile |