Israel Discount Correlations
| ISDAY Stock | USD 58.19 0.00 0.00% |
The current 90-days correlation between Israel Discount Bank and Absa Group Limited is -0.02 (i.e., Good diversification). The correlation of Israel Discount 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.
Israel Discount Correlation With Market
Average diversification
The correlation between Israel Discount Bank and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Israel Discount Bank and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Israel Discount could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Israel Discount 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 Israel Discount - 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 Israel Discount Bank to buy it.
Moving together with Israel Pink Sheet
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| 0.88 | USB-PH | US Bancorp | PairCorr |
| 0.64 | ZM | Zoom Video Communications Earnings Call This Week | PairCorr |
| 0.87 | NVDA | NVIDIA | PairCorr |
| 0.8 | CRWD | Crowdstrike Holdings Earnings Call This Week | PairCorr |
| 0.61 | APLD | Applied Blockchain Trending | PairCorr |
| 0.64 | DECK | Deckers Outdoor | PairCorr |
| 0.82 | ADSK | Autodesk | PairCorr |
| 0.81 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.81 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.77 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.64 | GM | General Motors Aggressive Push | PairCorr |
Moving against Israel Pink Sheet
| 0.88 | BBAS3 | Banco do Brasil | PairCorr |
| 0.44 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.41 | BNPQY | BNP Paribas SA | PairCorr |
| 0.6 | EATBF | Eat Beyond Global | PairCorr |
| 0.57 | AFFL | Affiliated Resources Corp | PairCorr |
| 0.54 | AMIX | Autonomix Medical, Common | PairCorr |
| 0.39 | VNTN | VentureNet Capital | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Israel Pink Sheet performing well and Israel Discount 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 Israel Discount'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UNTN | 0.54 | 0.10 | 0.00 | 0.82 | 0.73 | 2.61 | 8.60 | |||
| BAOB | 1.08 | 0.10 | 0.00 | 0.77 | 1.30 | 2.74 | 6.88 | |||
| SWZNF | 0.64 | (0.17) | 0.00 | (2.39) | 0.00 | 0.00 | 15.02 | |||
| DNKEY | 1.12 | (0.13) | 0.00 | (3.33) | 0.00 | 1.99 | 6.08 | |||
| AOZOF | 1.32 | (0.50) | 0.00 | 0.45 | 0.00 | 0.00 | 42.84 | |||
| AGRPF | 0.15 | 0.06 | 0.00 | 1.20 | 0.00 | 0.00 | 5.05 | |||
| JYSKY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AIBRF | 1.04 | 0.04 | (0.03) | 5.35 | 1.38 | 3.75 | 11.01 | |||
| BWBBP | 1.33 | (0.04) | (0.07) | (0.01) | 1.71 | 3.91 | 11.03 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Israel Discount 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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Israel Discount Corporate Management
| Joseph Beressi | Chief Accountant, Sr. Executive VP,Head of Accounting Group and Member of Disclosure Committee | Profile | |
| Assaf Eldar | Ex Division | Profile | |
| Adi Kaplan | CIO VP | Profile | |
| Nitzan Sandor | Chief VP | Profile | |
| Lena Schwartz | Head Relations | Profile | |
| Barak Nardi | Exec CFO | Profile | |
| Liran Razmovich | Pres Underwriting | Profile |