Golan Plastic Correlations
| GLPL Stock | ILS 1,115 4.00 0.36% |
The current 90-days correlation between Golan Plastic and Arad is -0.02 (i.e., Good diversification). The correlation of Golan Plastic 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.
Golan Plastic Correlation With Market
Good diversification
The correlation between Golan Plastic and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golan Plastic and DJI in the same portfolio, assuming nothing else is changed.
Golan |
The ability to find closely correlated positions to Golan Plastic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golan Plastic 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 Golan Plastic - 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 Golan Plastic to buy it.
Moving together with Golan Stock
| 0.84 | MGDL | Migdal Insurance | PairCorr |
| 0.84 | HARL | Harel Insurance Inve Earnings Call This Week | PairCorr |
| 0.82 | MMHD | Menora Miv Hld Earnings Call This Week | PairCorr |
| 0.85 | CLIS | Clal Insurance Enter Earnings Call This Week | PairCorr |
| 0.77 | PHOE | Phoenix Holdings Earnings Call This Week | PairCorr |
Moving against Golan Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Golan Stock performing well and Golan Plastic 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 Golan Plastic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARD | 0.97 | 0.18 | 0.04 | (1.87) | 1.10 | 2.12 | 5.19 | |||
| ALHE | 1.74 | 0.16 | 0.02 | 50.71 | 1.91 | 3.83 | 12.74 | |||
| DANE | 1.44 | 0.30 | 0.15 | 0.66 | 1.37 | 3.23 | 9.66 | |||
| ARPT | 1.40 | 0.05 | (0.05) | (0.18) | 1.92 | 3.11 | 8.74 | |||
| HARL | 1.60 | 0.34 | 0.09 | 13.86 | 2.06 | 3.33 | 13.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Golan Plastic 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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Golan Plastic Corporate Management
Elected by the shareholders, the Golan Plastic's board of directors comprises two types of representatives: Golan Plastic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Golan. The board's role is to monitor Golan Plastic's management team and ensure that shareholders' interests are well served. Golan Plastic'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, Golan Plastic's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Menachem Margolis | Israel Mang | Profile | |
| Tony Muller | Chief Denmark | Profile | |
| Ayala Einav | VP HR | Profile | |
| Narod Nalgabetz | Chief Officer | Profile | |
| Oded Shavitt | Chief Officer | Profile |