Electra Co Correlations
| ECP Stock | 8,207 99.00 1.19% |
The current 90-days correlation between Electra Co Pr and Tadiran Hldg is 0.41 (i.e., Very weak diversification). The correlation of Electra Co 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.
Electra Co Correlation With Market
Significant diversification
The correlation between Electra Co Pr and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Electra Co Pr and DJI in the same portfolio, assuming nothing else is changed.
Electra |
The ability to find closely correlated positions to Electra Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electra Co 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 Electra Co - 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 Electra Co Pr to buy it.
Moving together with Electra Stock
| 0.64 | ARPT | Airport City Earnings Call This Week | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Electra Stock performing well and Electra Co 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 Electra Co'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TDRN | 1.95 | 0.12 | 0.01 | 0.64 | 2.13 | 4.69 | 12.18 | |||
| DANE | 1.44 | 0.30 | 0.15 | 0.66 | 1.37 | 3.23 | 9.66 | |||
| HLAN | 1.30 | 0.02 | (0.06) | (0.01) | 1.98 | 2.39 | 5.50 | |||
| SAE | 1.14 | 0.41 | 0.18 | (2.03) | 1.02 | 2.75 | 13.71 | |||
| MTRX | 1.29 | 0.12 | 0.00 | (2.10) | 1.55 | 2.39 | 7.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Electra Co 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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Electra Co Corporate Management
Elected by the shareholders, the Electra Co's board of directors comprises two types of representatives: Electra Co inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Electra. The board's role is to monitor Electra Co's management team and ensure that shareholders' interests are well served. Electra Co'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, Electra Co's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yoram Badash | CoCEO Board | Profile | |
| Mickey Bitton | Director VP | Profile | |
| Zvika Schwimmer | Chief Officer | Profile | |
| Yoni Tsabari | CFO Board | Profile | |
| Yigal Groiser | VP Board | Profile | |
| Anat Barkan | VP Board | Profile | |
| Shmuel Mendzicki | CoCEO Board | Profile |