IDI Insurance Correlations

IDIN Stock

ILS 24,620 570.00 2.26%

The current 90-days correlation between IDI Insurance and Ayalon Holdings is 0.54 (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

Very weak diversification

The correlation between IDI Insurance and DJI is 0.56 (i.e., Very weak 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

0.78	OVRS	Overseas Commerce	Pair Corr
0.83	ATRY	Atreyu Capital Markets	Pair Corr
0.69	DSCT	Israel Discount Bank	Pair Corr
0.61	AFHL	Afcon Holdings	Pair Corr
0.64	LUMI	Bank Leumi Le	Pair Corr
0.81	IBITEC-F	IBI Mutual Funds	Pair Corr
0.65	MISH	Mivtach Shamir	Pair Corr
0.7	ILDR	Israel Land Development	Pair Corr
0.67	MZTF	Mizrahi Tefahot	Pair Corr
0.76	RMLI	Rami Levi	Pair Corr
0.78	DRAL	Dor Alon	Pair Corr
0.72	BLRN	Bladeranger	Pair Corr

Moving against IDI Stock

0.68	CDEV	Cohen Dev	Pair Corr
0.61	BIMT	Bio Meat Foodtech	Pair Corr
0.42	ELRN	Elron Electronic Ind	Pair Corr
0.34	TEDE	Tedea Technological	Pair Corr

Related Correlations Analysis

	AYAL	MISH	IBI	MRIN	DIFI	JBNK	NAWI	WESR	GNRS	ZUR
AYAL		0.56	0.77	0.4	0.04	0.37	0.37	0.92	0.67	0.69	AYAL
MISH	0.56		0.88	0.64	-0.37	0.76	0.58	0.66	0.81	0.85	MISH
IBI	0.77	0.88		0.42	-0.36	0.6	0.68	0.81	0.93	0.79	IBI
MRIN	0.4	0.64	0.42		0.28	0.5	0.18	0.46	0.26	0.82	MRIN
DIFI	0.04	-0.37	-0.36	0.28		-0.25	-0.38	-0.1	-0.47	0.07	DIFI
JBNK	0.37	0.76	0.6	0.5	-0.25		0.33	0.43	0.53	0.65	JBNK
NAWI	0.37	0.58	0.68	0.18	-0.38	0.33		0.54	0.78	0.39	NAWI
WESR	0.92	0.66	0.81	0.46	-0.1	0.43	0.54		0.78	0.73	WESR
GNRS	0.67	0.81	0.93	0.26	-0.47	0.53	0.78	0.78		0.65	GNRS
ZUR	0.69	0.85	0.79	0.82	0.07	0.65	0.39	0.73	0.65		ZUR
	AYAL	MISH	IBI	MRIN	DIFI	JBNK	NAWI	WESR	GNRS	ZUR

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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

GNRS	+ 0.93	IBI
WESR	+ 0.92	AYAL
IBI	+ 0.88	MISH
ZUR	+ 0.85	MISH
ZUR	+ 0.82	MRIN
GNRS	+ 0.81	MISH

High negative correlations

GNRS	- 0.47	DIFI
NAWI	- 0.38	DIFI
DIFI	- 0.37	MISH
DIFI	- 0.36	IBI
JBNK	- 0.25	DIFI
WESR	- 0.1	DIFI

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AYAL	2.30	0.92	0.34	(9.49)	1.87	(2.86)	5.91	(3.77)	14.58
MISH	1.72	0.49	0.25	0.51	1.54	(2.01)	3.40	(2.86)	15.33
IBI	1.86	0.91	0.57	(2.58)	0.65	(2.44)	6.47	(1.98)	10.39
MRIN	2.30	0.06	(0.01)	(0.14)	2.80	(2.36)	4.38	(4.33)	16.10
DIFI	1.68	(0.09)	0.00	(7.60)	0.00	0.00	4.35	(3.87)	13.28
JBNK	1.17	0.07	0.01	0.63	1.33	(1.26)	2.39	(2.38)	9.61
NAWI	1.19	0.19	0.06	(0.53)	1.35	(1.17)	2.71	(2.57)	6.69
WESR	2.88	1.06	0.29	(3.22)	2.65	(3.75)	7.50	(2.81)	22.42
GNRS	1.54	0.57	0.35	(2.71)	0.90	(1.92)	3.85	(1.86)	11.04
ZUR	1.35	0.28	0.15	186.57	1.17	(1.66)	3.60	(2.44)	8.73

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 Bartov	Chief Officer	Profile
Tal FrielMann	VP Sec	Profile
Yossi Efrati	VP Investments	Profile
Merav Peretz	VP Digital	Profile
Yaakov Saban	Deputy Officer	Profile

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