Elbit Imaging Correlations

Stocks . Israel . 
Stock . Elbit Imaging
EMITF Stock  ILS 840.00  20.00  2.44%   
The current 90-days correlation between Elbit Imaging and Sure Tech Investments LP is 0.24 (i.e., Modest diversification). The correlation of Elbit Imaging 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Elbit Imaging Correlation With Market

Significant diversification

The correlation between Elbit Imaging and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elbit Imaging and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Elbit Imaging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elbit Imaging 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 Elbit Imaging - 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 Elbit Imaging to buy it.

Moving together with Elbit Stock

  0.64ENDY EndymedPairCorr
  0.74MTRX MatrixPairCorr
  0.76RANI Rani Zim ShoppingPairCorr
  0.76NXTM NextcomPairCorr
  0.75DUNI DuniecPairCorr
  0.78DLEA Delek Automotive SystemsPairCorr
  0.69LSCO LesicoPairCorr
  0.81TATT TAT TechnologiesPairCorr
  0.86ICL ICL Israel ChemicalsPairCorr
  0.76BSEN Bet Shemesh EnginesPairCorr
  0.83TTAM Tiv TaamPairCorr
  0.86SHOM EN Shoham BusinessPairCorr
  0.83MISH Mivtach ShamirPairCorr
  0.81PLSN Plasson IndusPairCorr
  0.84MTAV MEITAV INVESTMENTS HOUSEPairCorr
  0.64TEVA Teva Pharmaceutical Earnings Call Next WeekPairCorr

Moving against Elbit Stock

  0.76INSL Insuline MedicalPairCorr
  0.71DCI Direct Capital InvesPairCorr
  0.5HUMX Human XtensionsPairCorr
  0.5FVT Ai Conversation SystemsPairCorr
  0.48SOFW Sofwave Medical Earnings Call TomorrowPairCorr
  0.45BSP Black Sea PropertyPairCorr
  0.45ICB Israel China BiotechPairCorr
  0.44GIVO-L GIVOT OLAM OILPairCorr
  0.35EPIT Epitomee MedicalPairCorr
  0.33INCR IntercurePairCorr
  0.33SAFE Safe T GroupPairCorr

Related Correlations Analysis

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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   
WESR
+ 0.97
ONE
ONE
+ 0.7
STEC
UNTC
+ 0.69
CBI
WESR
+ 0.61
STEC
UNTC
+ 0.42
PTCH
PTCH
+ 0.11
CBI
  
High negative correlations   
UNTC
- 0.77
ONE
CBI
- 0.76
ONE
WESR
- 0.73
CBI
UNTC
- 0.7
WESR
UNTC
- 0.57
STEC
CBI
- 0.48
STEC

Risk-Adjusted Indicators

There is a big difference between Elbit Stock performing well and Elbit Imaging 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 Elbit Imaging'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Elbit Imaging 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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Elbit Imaging Corporate Management

Elected by the shareholders, the Elbit Imaging's board of directors comprises two types of representatives: Elbit Imaging inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Elbit. The board's role is to monitor Elbit Imaging's management team and ensure that shareholders' interests are well served. Elbit Imaging'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, Elbit Imaging's outside directors are responsible for providing unbiased perspectives on the board's policies.
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