Lineage Cell Correlations

BTX Stock

ILS 234.10 6.60 2.74%

The current 90-days correlation between Lineage Cell Therapeutics and YD More Investments is 0.11 (i.e., Average diversification). The correlation of Lineage Cell 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.

Lineage Cell Correlation With Market

Significant diversification

The correlation between Lineage Cell Therapeutics and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lineage Cell Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lineage Stock

0.67	CGEN	Compugen Earnings Call This Week	Pair Corr
0.79	PZOL	Paz Oil	Pair Corr
0.68	PTCH	Petrochemical	Pair Corr
0.66	STRS	Strauss Group	Pair Corr
0.77	ENDY	Endymed	Pair Corr

Moving against Lineage Stock

0.72	ENLV	Enlivex Therapeutics	Pair Corr
0.72	BLRX	BioLine RX	Pair Corr
0.55	SLARL	Sella Real Estate	Pair Corr
0.54	KTOV	Purple Biotech	Pair Corr
0.44	PPBT	Purple Biotech Earnings Call This Week	Pair Corr
0.33	ISRS	Isras Investment	Pair Corr

Related Correlations Analysis

	MRIN	HARL	SHGR	WSMK	ANLT	ONE	ELWS	RPAC
MRIN		0.91	0.87	-0.31	0.87	0.92	-0.09	0.83	MRIN
HARL	0.91		0.95	-0.27	0.96	0.84	0.14	0.94	HARL
SHGR	0.87	0.95		-0.41	0.97	0.75	0.3	0.96	SHGR
WSMK	-0.31	-0.27	-0.41		-0.4	-0.2	-0.34	-0.35	WSMK
ANLT	0.87	0.96	0.97	-0.4		0.76	0.28	0.97	ANLT
ONE	0.92	0.84	0.75	-0.2	0.76		-0.21	0.67	ONE
ELWS	-0.09	0.14	0.3	-0.34	0.28	-0.21		0.35	ELWS
RPAC	0.83	0.94	0.96	-0.35	0.97	0.67	0.35		RPAC
	MRIN	HARL	SHGR	WSMK	ANLT	ONE	ELWS	RPAC

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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

ANLT	+ 0.97	SHGR
RPAC	+ 0.97	ANLT
ANLT	+ 0.96	HARL
RPAC	+ 0.96	SHGR
SHGR	+ 0.95	HARL
RPAC	+ 0.94	HARL

High negative correlations

WSMK	- 0.41	SHGR
ANLT	- 0.4	WSMK
RPAC	- 0.35	WSMK
ELWS	- 0.34	WSMK
WSMK	- 0.31	MRIN
WSMK	- 0.27	HARL

Risk-Adjusted Indicators

There is a big difference between Lineage Stock performing well and Lineage Cell 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 Lineage Cell'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
MRIN	2.18	0.74	0.38	(27.61)	1.44	(2.77)	4.79	(3.30)	12.34
HARL	1.52	0.64	0.45	(5.01)	0.98	(2.02)	3.57	(1.79)	8.87
SHGR	1.48	0.47	0.33	(0.62)	0.96	(2.02)	3.66	(2.57)	12.18
WSMK	3.43	(0.21)	0.00	9.20	0.00	0.00	7.79	(6.10)	19.91
ANLT	1.30	1.10	1.14	(3.45)	0.00	(1.77)	4.55	(1.07)	8.23
ONE	1.73	0.39	0.23	(1.28)	1.37	(2.05)	4.03	(2.67)	9.64
ELWS	2.46	(0.06)	0.00	(0.36)	0.00	0.00	4.27	(5.23)	23.26
RPAC	1.54	0.59	0.32	(1.18)	1.20	(1.89)	4.03	(2.71)	12.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lineage Cell 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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