GILAT SATELLITE Correlations

GSA Stock

EUR 14.80 1.00 6.33%

The current 90-days correlation between GILAT SATELLITE and Apple Inc is 0.12 (i.e., Average diversification). The correlation of GILAT SATELLITE 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.

GILAT SATELLITE Correlation With Market

Average diversification

The correlation between GILAT SATELLITE and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GILAT SATELLITE and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with GILAT Stock

0.69	Y87	GOLCONDA GOLD LTD	Pair Corr
0.79	5M2	MEDIA NUSANTARA CIT	Pair Corr
0.87	DDN	Darden Restaurants	Pair Corr
0.65	AUS	AT S Austria	Pair Corr
0.74	EDJ	CALTAGIRONE EDITORE	Pair Corr
0.75	M3N	Man Group plc	Pair Corr
0.79	HPX	Hisamitsu Pharmaceutical	Pair Corr

Moving against GILAT Stock

0.74	APC	Apple Inc Earnings Call This Week	Pair Corr
0.72	APC	Apple Inc Earnings Call This Week	Pair Corr
0.72	APC	Apple Inc Earnings Call This Week	Pair Corr
0.35	APC	Apple Inc Earnings Call This Week	Pair Corr
0.33	MCK	McKesson	Pair Corr
0.38	2BH	HCA Healthcare Earnings Call This Week	Pair Corr

Related Correlations Analysis

	APC	APC	APC	MSF	MSF	MSF	MSF	AMZ
APC		1.0	0.7	0.21	0.2	0.18	0.03	0.23	APC
APC	1.0		0.7	0.2	0.19	0.16	0.02	0.22	APC
APC	0.7	0.7		-0.29	-0.29	-0.33	-0.32	0.38	APC
MSF	0.21	0.2	-0.29		1.0	0.98	0.88	0.11	MSF
MSF	0.2	0.19	-0.29	1.0		0.98	0.88	0.11	MSF
MSF	0.18	0.16	-0.33	0.98	0.98		0.86	0.1	MSF
MSF	0.03	0.02	-0.32	0.88	0.88	0.86		0.2	MSF
AMZ	0.23	0.22	0.38	0.11	0.11	0.1	0.2		AMZ
	APC	APC	APC	MSF	MSF	MSF	MSF	AMZ

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

APC	+ 1.0	APC
MSF	+ 1.0	MSF
MSF	+ 0.98	MSF
MSF	+ 0.98	MSF
MSF	+ 0.88	MSF
MSF	+ 0.88	MSF

High negative correlations

MSF	- 0.33	APC
MSF	- 0.32	APC
MSF	- 0.29	APC
MSF	- 0.29	APC

Risk-Adjusted Indicators

There is a big difference between GILAT Stock performing well and GILAT SATELLITE 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 GILAT SATELLITE'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
APC	1.09	(0.08)	0.00	(0.03)	0.00	0.00	1.70	(2.31)	9.13
APC	1.04	(0.07)	0.00	(0.02)	0.00	0.00	2.00	(2.09)	9.59
APC	0.89	0.14	0.03	(1.04)	0.90	(1.30)	1.80	(1.91)	9.21
MSF	0.99	(0.27)	0.00	(0.45)	0.00	0.00	1.96	(2.42)	5.47
MSF	0.96	(0.26)	0.00	(0.47)	0.00	0.00	2.06	(2.56)	5.57
MSF	1.20	(0.28)	0.00	(0.48)	0.00	0.00	2.26	(2.91)	6.19
MSF	0.84	(0.09)	0.00	3.10	0.00	0.00	1.66	(3.32)	6.86
AMZ	1.38	0.02	0.00	0.13	1.49	(1.52)	3.00	(2.44)	11.57

Be your own money manager

Our tools can tell you how much better you can do entering a position in GILAT SATELLITE 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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