Epitomee Medical Correlations

EPIT Stock

938.20 30.20 3.33%

The current 90-days correlation between Epitomee Medical and Intercure is -0.02 (i.e., Good diversification). The correlation of Epitomee Medical 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.

Epitomee Medical Correlation With Market

Significant diversification

The correlation between Epitomee Medical 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 Epitomee Medical and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Epitomee Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Epitomee Medical 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 Epitomee Medical - 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 Epitomee Medical to buy it.

Moving together with Epitomee Stock

0.82	BWAY	Brainsway	Pair Corr
0.69	EMITF	Elbit Imaging	Pair Corr
0.69	BMDX	Biomedix Incubator	Pair Corr

Moving against Epitomee Stock

0.75	BSP	Black Sea Property	Pair Corr
0.75	ICB	Israel China Biotech	Pair Corr
0.68	INCR	Intercure	Pair Corr
0.62	INSL	Insuline Medical	Pair Corr
0.57	SAFE	Safe T Group	Pair Corr
0.52	GIVO-L	GIVOT OLAM OIL	Pair Corr
0.46	DCI	Direct Capital Inves	Pair Corr
0.42	ENDY	Endymed	Pair Corr
0.42	HUMX	Human Xtensions	Pair Corr

Related Correlations Analysis

	INCR	SOFW	EPIT	BIOV	EMITF	INSL	ENDY
INCR		-0.44	-0.68	-0.29	-0.79	0.73	0.08	INCR
SOFW	-0.44		0.5	0.49	0.55	-0.36	-0.22	SOFW
EPIT	-0.68	0.5		0.59	0.69	-0.62	-0.42	EPIT
BIOV	-0.29	0.49	0.59		0.34	-0.4	-0.61	BIOV
EMITF	-0.79	0.55	0.69	0.34		-0.65	-0.1	EMITF
INSL	0.73	-0.36	-0.62	-0.4	-0.65		0.24	INSL
ENDY	0.08	-0.22	-0.42	-0.61	-0.1	0.24		ENDY
	INCR	SOFW	EPIT	BIOV	EMITF	INSL	ENDY

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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

INSL	+ 0.73	INCR
EMITF	+ 0.69	EPIT
BIOV	+ 0.59	EPIT
EMITF	+ 0.55	SOFW
EPIT	+ 0.5	SOFW
BIOV	+ 0.49	SOFW

High negative correlations

EMITF	- 0.79	INCR
EPIT	- 0.68	INCR
INSL	- 0.65	EMITF
INSL	- 0.62	EPIT
ENDY	- 0.61	BIOV
SOFW	- 0.44	INCR

Risk-Adjusted Indicators

There is a big difference between Epitomee Stock performing well and Epitomee Medical 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 Epitomee Medical'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
INCR	2.65	(0.81)	0.00	3.97	0.00	0.00	4.91	(5.76)	14.45
SOFW	1.56	0.08	(0.02)	(0.44)	2.53	(1.59)	5.16	(3.74)	14.75
EPIT	10.33	3.48	0.64	1.89	4.29	(16.42)	23.06	(7.13)	273.98
BIOV	2.86	0.19	0.00	(0.30)	3.52	(3.77)	7.92	(4.95)	22.33
EMITF	1.98	0.53	0.11	(0.62)	2.11	(2.66)	6.06	(4.00)	16.02
INSL	2.59	(0.57)	0.00	(0.17)	0.00	0.00	10.17	(9.52)	33.39
ENDY	2.71	0.18	0.03	0.53	3.43	(3.55)	4.10	(6.46)	47.62

Be your own money manager

Our tools can tell you how much better you can do entering a position in Epitomee Medical 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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Epitomee Medical Corporate Management

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

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Safi Landskroner	VP Marketing	Profile
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