Cellcom Israel Correlations
| CEL Stock | ILA 2,387 37.00 1.53% |
The current 90-days correlation between Cellcom Israel and Migdal Insurance is 0.26 (i.e., Modest diversification). The correlation of Cellcom Israel 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.
Cellcom Israel Correlation With Market
Average diversification
The correlation between Cellcom Israel and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cellcom Israel and DJI in the same portfolio, assuming nothing else is changed.
Cellcom |
The ability to find closely correlated positions to Cellcom Israel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cellcom Israel 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 Cellcom Israel - 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 Cellcom Israel to buy it.
Moving together with Cellcom Stock
| 0.82 | HGG | Hagag Group | PairCorr |
| 0.74 | GLPL | Golan Plastic | PairCorr |
| 0.84 | KMDA | Kamada | PairCorr |
| 0.69 | ARGO | Argo Properties NV | PairCorr |
| 0.93 | NVPT | Navitas Petroleum | PairCorr |
| 0.93 | ATRY | Atreyu Capital Markets | PairCorr |
| 0.88 | MCMN | Michman Basad | PairCorr |
| 0.69 | ALHE | Alony Hetz Properties Earnings Call This Week | PairCorr |
| 0.71 | BIG | Big Shopping Centers | PairCorr |
| 0.94 | MMHD | Menora Miv Hld | PairCorr |
| 0.86 | DSCT | Israel Discount Bank Earnings Call This Week | PairCorr |
| 0.82 | DLEA | Delek Automotive Systems | PairCorr |
| 0.64 | ACCL | Accel Solutions Group | PairCorr |
Moving against Cellcom Stock
| 0.65 | DCI | Direct Capital Inves | PairCorr |
| 0.58 | ICB | Israel China Biotech | PairCorr |
| 0.33 | MCTC | Nextage Therapeutics | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Cellcom Stock performing well and Cellcom Israel 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 Cellcom Israel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MGDL | 1.16 | 0.31 | 0.26 | 1.47 | 1.14 | 3.31 | 7.91 | |||
| MBMX | 2.77 | 0.15 | 0.06 | 2.11 | 3.03 | 8.06 | 19.39 | |||
| LBRA | 2.04 | 0.64 | 0.29 | 1.55 | 1.75 | 7.32 | 18.61 | |||
| BCOM | 1.75 | 0.46 | 0.27 | 0.42 | 1.53 | 4.72 | 11.45 | |||
| ABRA | 1.50 | 0.08 | 0.06 | 0.24 | 2.01 | 3.02 | 8.68 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cellcom Israel 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?
Run Global Correlations Now
Global CorrelationsFind global opportunities by holding instruments from different markets |
| All Next | Launch Module |
Cellcom Israel Corporate Management
Elected by the shareholders, the Cellcom Israel's board of directors comprises two types of representatives: Cellcom Israel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cellcom. The board's role is to monitor Cellcom Israel's management team and ensure that shareholders' interests are well served. Cellcom Israel'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, Cellcom Israel's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ilan Sigal | VP Telecom | Profile | |
| Ronnen Shles | Controller | Profile | |
| Daniel Sapir | Chief Officer | Profile | |
| Victor Malka | Chief Information Officer | Profile |