Harel Insurance Correlations

Stocks . Israel . 
Stock . Harel Insurance Investments
HARL Stock  ILS 5,680  20.00  0.35%   
The current 90-days correlation between Harel Insurance Inve and Migdal Insurance is 0.39 (i.e., Weak diversification). The correlation of Harel Insurance 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.

Harel Insurance Correlation With Market

Significant diversification

The correlation between Harel Insurance Investments 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 Harel Insurance Investments and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Harel Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harel Insurance 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 Harel Insurance - 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 Harel Insurance Investments to buy it.

Moving together with Harel Stock

  0.93OVRS Overseas CommercePairCorr
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  0.96GLRS Globrands GroupPairCorr
  0.63BIMT Bio Meat FoodtechPairCorr
  0.9BEZQ Bezeq Israeli TelecoPairCorr
  0.88CDEV Cohen DevPairCorr
  0.91DLEKG Delek GroupPairCorr
  0.66ELCRE Electra Real EstatePairCorr
  0.78KEN Kenon HoldingsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Harel Stock performing well and Harel Insurance 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 Harel Insurance'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 Harel Insurance 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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Harel Insurance Corporate Management

Elected by the shareholders, the Harel Insurance's board of directors comprises two types of representatives: Harel Insurance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Harel. The board's role is to monitor Harel Insurance's management team and ensure that shareholders' interests are well served. Harel Insurance'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, Harel Insurance's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sami BabecovVP InvestmentsProfile
Aryhe CPADeputy CFOProfile
Nir CohenChief LtdProfile
Sammy BassatDeputy InsuranceProfile
Alon ElirazDeputy InsuranceProfile
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