Israel Discount Correlations
| DSCT Stock | ILS 2,394 42.00 1.79% |
The current 90-days correlation between Israel Discount Bank and Bank Leumi Le Israel is 0.84 (i.e., Very poor diversification). The correlation of Israel Discount 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.
Israel Discount Correlation With Market
Average diversification
The correlation between Israel Discount Bank and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Israel Discount Bank and DJI in the same portfolio, assuming nothing else is changed.
Israel |
The ability to find closely correlated positions to Israel Discount could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Israel Discount 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 Israel Discount - 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 Israel Discount Bank to buy it.
Moving together with Israel Stock
| 0.96 | LUMI | Bank Leumi Le Earnings Call This Week | PairCorr |
| 0.98 | MZTF | Mizrahi Tefahot Earnings Call This Week | PairCorr |
| 0.96 | BEZQ | Bezeq Israeli Teleco | PairCorr |
| 0.88 | BCOM | B Communications | PairCorr |
| 0.96 | FIBIH | FIBI Holdings Earnings Call This Week | PairCorr |
| 0.97 | FIBI | First International Bank Earnings Call This Week | PairCorr |
| 0.93 | PHOE | Phoenix Holdings Earnings Call This Week | PairCorr |
| 0.92 | DLEKG | Delek Group | PairCorr |
Moving against Israel Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Israel Stock performing well and Israel Discount 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 Israel Discount'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LUMI | 1.20 | 0.27 | 0.14 | 0.63 | 1.24 | 2.58 | 6.40 | |||
| POLI | 1.10 | 0.20 | 0.12 | 0.43 | 1.16 | 2.62 | 6.10 | |||
| MZTF | 1.25 | 0.20 | 0.10 | 0.83 | 1.26 | 2.71 | 6.12 | |||
| BEZQ | 1.27 | 0.28 | 0.16 | 0.82 | 1.22 | 3.25 | 7.89 | |||
| ESLT | 1.28 | 0.52 | 0.36 | (1.90) | 0.63 | 4.09 | 8.26 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Israel Discount 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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Israel Discount Corporate Management
Elected by the shareholders, the Israel Discount's board of directors comprises two types of representatives: Israel Discount inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Israel. The board's role is to monitor Israel Discount's management team and ensure that shareholders' interests are well served. Israel Discount'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, Israel Discount's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Assaf Eldar | Ex Division | Profile | |
| Adi Kaplan | CIO VP | Profile | |
| Nitzan Sandor | Chief VP | Profile | |
| Lena Schwartz | Head Relations | Profile | |
| Barak Nardi | Exec CFO | Profile | |
| Liran Razmovich | Pres Underwriting | Profile |