Cellcom Israel Correlations
| CELJFDelisted Stock | USD 5.00 0.00 0.00% |
The current 90-days correlation between Cellcom Israel and XL Axiata Tbk is -0.26 (i.e., Very 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
Very good diversification
The correlation between Cellcom Israel and DJI is -0.35 (i.e., Very good 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 against Cellcom Pink Sheet
| 0.5 | NTTYY | Nippon Telegraph | PairCorr |
| 0.44 | TIIAY | Telecom Italia SpA | PairCorr |
| 0.39 | KKPNY | Koninklijke KPN NV | PairCorr |
| 0.34 | OIBRQ | Oi SA ADR | PairCorr |
| 0.44 | DJCO | Daily Journal Corp | PairCorr |
| 0.42 | EA | Electronic Arts | PairCorr |
| 0.34 | EB | Eventbrite Class A | PairCorr |
| 0.57 | ZI | ZoomInfo Technologies Buyout Trend | PairCorr |
| 0.39 | VSME | VS Media Holdings | PairCorr |
| 0.35 | VEON | VEON | PairCorr |
| 0.35 | ANGHW | Anghami Warrants | PairCorr |
Related Correlations Analysis
| -0.6 | 0.04 | -0.34 | -0.46 | TIIAY | ||
| -0.6 | 0.06 | 0.48 | 0.37 | SAUHF | ||
| 0.04 | 0.06 | -0.04 | -0.12 | SPXCY | ||
| -0.34 | 0.48 | -0.04 | 0.0 | JPXGY | ||
| -0.46 | 0.37 | -0.12 | 0.0 | PTXKY | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TIIAY | 2.33 | 0.56 | 0.19 | (19.41) | 2.00 | 4.76 | 14.19 | |||
| SAUHF | 3.57 | (0.27) | 0.00 | (0.73) | 0.00 | 7.03 | 18.80 | |||
| SPXCY | 40.37 | 18.28 | 0.75 | 14.16 | 15.04 | 4.72 | 790.53 | |||
| JPXGY | 1.39 | 0.03 | (0.02) | 0.27 | 1.86 | 3.03 | 9.52 | |||
| PTXKY | 3.34 | 0.02 | (0.01) | 0.14 | 4.04 | 7.88 | 18.50 |
Cellcom Israel Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cellcom Israel pink sheet to make a market-neutral strategy. Peer analysis of Cellcom Israel could also be used in its relative valuation, which is a method of valuing Cellcom Israel by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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 |
Still Interested in Cellcom Israel?
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