IDI Insurance Correlations

Stocks . Israel . 
Stock . IDI Insurance
IDIN Stock  ILS 14,900  100.00  0.68%   
The current 90-days correlation between IDI Insurance and Migdal Insurance is 0.4 (i.e., Very weak diversification). The correlation of IDI 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.

IDI Insurance Correlation With Market

Average diversification

The correlation between IDI Insurance and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IDI Insurance and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to IDI 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 IDI 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 IDI 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 IDI Insurance to buy it.

Moving together with IDI Stock

  0.91LUMI Bank Leumi LePairCorr
  0.96MZTF Mizrahi TefahotPairCorr
  0.88AZRG Azrieli GroupPairCorr
  0.93DSCT Israel Discount BankPairCorr
  0.91PHOE Phoenix HoldingsPairCorr
  0.62ALHE Alony Hetz PropertiesPairCorr
  0.89MLSR MelisronPairCorr
  0.92DLEKG Delek GroupPairCorr
  0.96FIBI First International BankPairCorr
  0.84ARPT Airport CityPairCorr

Moving against IDI Stock

  0.34KTOV Purple BiotechPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

Elected by the shareholders, the IDI Insurance's board of directors comprises two types of representatives: IDI Insurance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of IDI. The board's role is to monitor IDI Insurance's management team and ensure that shareholders' interests are well served. IDI 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, IDI Insurance's outside directors are responsible for providing unbiased perspectives on the board's policies.
Rav BartovChief OfficerProfile
Tal FrielMannVP SecProfile
Yossi EfratiVP InvestmentsProfile
Merav PeretzVP DigitalProfile
Yaakov SabanDeputy OfficerProfile
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