Cellcom Israel Correlations

CELJF Stock

USD 12.05 0.05 0.42%

The current 90-days correlation between Cellcom Israel and StarHub Ltd ADR is -0.12 (i.e., Good 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 0.12 (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.

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 Pink Sheet

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0.66	TLK	Telkom Indonesia Tbk	Pair Corr
0.64	KEP	Korea Electric Power	Pair Corr
0.81	FTV	Fortive Corp	Pair Corr
0.61	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.75	MRK	Merck Company	Pair Corr
0.67	BAC	Bank of America Earnings Call This Week	Pair Corr
0.66	XOM	Exxon Mobil Corp	Pair Corr
0.65	TRV	The Travelers Companies	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.61	MCD	McDonalds	Pair Corr
0.62	AXP	American Express	Pair Corr

Moving against Cellcom Pink Sheet

0.74	HD	Home Depot	Pair Corr
0.7	HPQ	HP Inc	Pair Corr
0.69	PIFMY	Indofood Sukses Makmur	Pair Corr
0.56	T	ATT Inc	Pair Corr
0.56	NTTYY	Nippon Telegraph	Pair Corr
0.52	DTEGY	Deutsche Telekom	Pair Corr
0.48	DTEGF	Deutsche Telekom	Pair Corr

Related Correlations Analysis

	SRHBY	SRHBF	ZONNF	CLCMF	HTWSF	CGEAF	OKCTF	BCOMF	NNMTF	TIIAY
SRHBY		0.26	0.0	-0.08	-0.16	-0.3	0.12	-0.37	0.0	-0.3	SRHBY
SRHBF	0.26		-0.28	0.03	-0.23	-0.22	-0.24	-0.19	0.0	-0.41	SRHBF
ZONNF	0.0	-0.28		-0.11	0.79	0.26	0.87	0.34	0.0	0.27	ZONNF
CLCMF	-0.08	0.03	-0.11		-0.09	-0.13	-0.12	-0.02	0.0	-0.04	CLCMF
HTWSF	-0.16	-0.23	0.79	-0.09		0.46	0.74	0.49	0.0	0.46	HTWSF
CGEAF	-0.3	-0.22	0.26	-0.13	0.46		0.23	0.43	0.0	0.66	CGEAF
OKCTF	0.12	-0.24	0.87	-0.12	0.74	0.23		0.34	0.0	0.2	OKCTF
BCOMF	-0.37	-0.19	0.34	-0.02	0.49	0.43	0.34		0.0	0.4	BCOMF
NNMTF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NNMTF
TIIAY	-0.3	-0.41	0.27	-0.04	0.46	0.66	0.2	0.4	0.0		TIIAY
	SRHBY	SRHBF	ZONNF	CLCMF	HTWSF	CGEAF	OKCTF	BCOMF	NNMTF	TIIAY

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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

OKCTF	+ 0.87	ZONNF
HTWSF	+ 0.79	ZONNF
OKCTF	+ 0.74	HTWSF
TIIAY	+ 0.66	CGEAF
BCOMF	+ 0.49	HTWSF
CGEAF	+ 0.46	HTWSF

High negative correlations

TIIAY	- 0.41	SRHBF
BCOMF	- 0.37	SRHBY
TIIAY	- 0.3	SRHBY
CGEAF	- 0.3	SRHBY
ZONNF	- 0.28	SRHBF
OKCTF	- 0.24	SRHBF

Risk-Adjusted Indicators

There is a big difference between Cellcom Pink Sheet 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
SRHBY	0.39	(0.14)	0.00	(0.59)	0.00	0.00	0.00	0.00	11.85
SRHBF	0.03	(0.03)	0.00	(8.66)	0.00	0.00	0.00	0.00	1.11
ZONNF	0.18	0.11	0.00	(0.27)	0.00	0.00	0.00	0.00	6.17
CLCMF	1.54	0.22	0.00	0.79	0.00	0.00	0.00	0.00	51.05
HTWSF	0.89	0.17	0.06	0.63	0.89	(1.54)	2.53	(2.20)	7.20
CGEAF	0.64	0.06	0.01	0.18	1.04	(1.43)	1.81	(1.52)	9.05
OKCTF	1.09	0.42	0.00	(5.71)	0.00	0.00	0.00	0.00	44.40
BCOMF	2.40	1.11	0.00	0.81	0.00	0.00	5.44	0.00	10.84
NNMTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TIIAY	1.56	0.20	0.05	57.95	1.99	(1.68)	3.11	(2.86)	13.34

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.

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Cellcom Israel Corporate Management

Ilan Sigal	VP Telecom	Profile
Teimuraz Romashvili	VP Activity	Profile
Yaniv Koriat	VP Technologies	Profile
Liat MenahemiStadler	VP Sec	Profile
Daniel Sapir	Chief Officer	Profile
Ronnen Shles	Controller	Profile
Victor Malka	Chief Officer	Profile

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