Castro Correlations

Stocks . Israel . 
Stock . Castro
CAST Stock  ILS 11,120  370.00  3.22%   
The current 90-days correlation between Castro and Hamashbir 365 Holdings is 0.06 (i.e., Significant diversification). The correlation of Castro 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.

Castro Correlation With Market

Pay attention - limited upside

The correlation between Castro and DJI is -0.71 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Castro and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Castro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Castro 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 Castro - 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 Castro to buy it.

Moving against Castro Stock

  0.89STRS Strauss GroupPairCorr
  0.82FIBI First International BankPairCorr
  0.82MMHD Menora Miv HldPairCorr
  0.81DSCT Israel Discount BankPairCorr
  0.81HARL Harel Insurance InvePairCorr
  0.78MGDL Migdal InsurancePairCorr
  0.78ICON Icon GroupPairCorr
  0.77CLIS Clal Insurance EnterPairCorr
  0.72ISCD IsracardPairCorr
  0.68LUMI Bank Leumi Le Earnings Call This WeekPairCorr
  0.68KNFM KnafaimPairCorr
  0.65MZTF Mizrahi Tefahot Earnings Call TodayPairCorr
  0.55AZRM Azorim InvestmentPairCorr
  0.54BRAN Baran GroupPairCorr
  0.53ASHO Ashot Ashkelon IndustriesPairCorr
  0.52DLEKG Delek GroupPairCorr
  0.52MTDS Meitav Dash InvestmentsPairCorr
  0.52NVPT Navitas PetroleumPairCorr
  0.51CNZN Canzon IsraelPairCorr
  0.48RAVD RavadPairCorr
  0.44AFHL Afcon HoldingsPairCorr
  0.43MEDN MehadrinPairCorr
  0.32PCBT PCB TecPairCorr
  0.32SPEN Shapir EngineeringPairCorr
  0.82KEN Kenon HoldingsPairCorr
  0.79CRMT CarmitPairCorr
  0.79ENLT Enlight Renewable EnergyPairCorr
  0.79SHAN ShanivPairCorr
  0.76PHOE Phoenix HoldingsPairCorr
  0.72HAMAT Hamat GroupPairCorr
  0.69SCOP Scope Metals GroupPairCorr
  0.65KMDA Kamada Earnings Call This WeekPairCorr
  0.64ALMD Allmed SolutionsPairCorr
  0.64GFC-M GFC Green FieldsPairCorr
  0.58AZRG Azrieli GroupPairCorr
  0.56MDTR Mediterranean TowersPairCorr

Related Correlations Analysis


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

SKLN
+ 0.69
TGI
SKLN
+ 0.69
PPIL
SPNTC
+ 0.64
MRG
SPNTC
+ 0.48
SKLN
SPNTC
+ 0.46
TGI
PPIL
+ 0.45
MSBI
  

High negative correlations

SPNTC
- 0.55
MSBI
MRG
- 0.54
MSBI
GNGR
- 0.46
PPIL
SKLN
- 0.31
GNGR
GNGR
- 0.26
MSBI
MRG
- 0.18
PPIL

Risk-Adjusted Indicators

There is a big difference between Castro Stock performing well and Castro 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 Castro'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.

Be your own money manager

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

Elected by the shareholders, the Castro's board of directors comprises two types of representatives: Castro inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Castro. The board's role is to monitor Castro's management team and ensure that shareholders' interests are well served. Castro'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, Castro's outside directors are responsible for providing unbiased perspectives on the board's policies.
Amit ShokPurchasing LtdProfile
Nitzan IsraeliCEO MangProfile
Mariano KarpCEO GroupProfile
Moran RotemOperations LtdProfile
Yuval ShaniChief LemkeProfile
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