Dor Alon Correlations
| DRAL Stock | ILS 8,871 89.00 0.99% |
The current 90-days correlation between Dor Alon and Azrieli Group is 0.46 (i.e., Very weak diversification). The correlation of Dor Alon 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.
Dor Alon Correlation With Market
Modest diversification
The correlation between Dor Alon and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dor Alon and DJI in the same portfolio, assuming nothing else is changed.
Dor |
The ability to find closely correlated positions to Dor Alon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dor Alon 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 Dor Alon - 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 Dor Alon to buy it.
Moving together with Dor Stock
| 0.88 | AZRG | Azrieli Group Earnings Call This Week | PairCorr |
| 0.87 | ESLT | Elbit Systems | PairCorr |
| 0.85 | BIG | Big Shopping Centers Earnings Call This Week | PairCorr |
| 0.69 | GZT | Gazit Globe | PairCorr |
| 0.91 | BEZQ | Bezeq Israeli Teleco | PairCorr |
| 0.78 | NSTR | Norstar Earnings Call Today | PairCorr |
| 0.8 | DLEKG | Delek Group | PairCorr |
| 0.65 | ORA | Ormat Technologies | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Dor Stock performing well and Dor Alon 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 Dor Alon'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALHE | 1.72 | 0.21 | 0.05 | (1.09) | 1.84 | 3.83 | 12.74 | |||
| POLI | 1.10 | 0.20 | 0.12 | 0.43 | 1.16 | 2.62 | 6.10 | |||
| AZRG | 1.66 | 0.23 | 0.08 | 4.76 | 1.72 | 3.77 | 9.70 | |||
| DLEKG | 1.63 | 0.15 | 0.04 | 0.63 | 1.77 | 3.51 | 10.43 | |||
| AMOT | 1.44 | 0.25 | 0.10 | 0.78 | 1.58 | 3.60 | 8.58 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dor Alon 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?
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Dor Alon Corporate Management
Elected by the shareholders, the Dor Alon's board of directors comprises two types of representatives: Dor Alon inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dor. The board's role is to monitor Dor Alon's management team and ensure that shareholders' interests are well served. Dor Alon'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, Dor Alon's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kobi Keren | Chief Systems | Profile | |
| Roy Cochavi | VP Sales | Profile | |
| Shahar Oren | VP Devel | Profile | |
| Amir Listwand | General Counsel | Profile |