Israel Discount Correlations
| ISDAYDelisted Stock | USD 102.10 0.00 0.00% |
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
Poor diversification
The correlation between Israel Discount Bank and DJI is 0.69 (i.e., Poor 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.
Israel |
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
| 0.83 | CIHHF | China Merchants Bank | PairCorr |
| 0.72 | MFG | Mizuho Financial | PairCorr |
| 0.87 | PNC | PNC Financial Services | PairCorr |
| 0.94 | MRLWF | Marlowe Plc | PairCorr |
| 0.78 | AA | Alcoa Corp | PairCorr |
| 0.68 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.8 | JNJ | Johnson Johnson | PairCorr |
| 0.88 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.72 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
Moving against Israel Pink Sheet
| 0.55 | HDB | HDFC Bank Limited | PairCorr |
| 0.35 | IBN | ICICI Bank Limited | PairCorr |
| 0.31 | PG | Procter Gamble | PairCorr |
| 0.34 | T | ATT Inc Earnings Call Today | PairCorr |
Related Correlations Analysis
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KGTFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BPCGF | 0.19 | 0.09 | 0.00 | 1.44 | 0.00 | 0.00 | 4.35 | |||
| KGTFY | 0.59 | 0.15 | 0.00 | (1.38) | 0.00 | 1.13 | 13.74 | |||
| KPCPY | 1.84 | 0.10 | 0.04 | 0.18 | 2.15 | 3.71 | 11.07 | |||
| TKGBY | 2.01 | 0.32 | 0.08 | 0.46 | 2.18 | 6.58 | 17.06 | |||
| RAIFY | 2.25 | 0.65 | 0.22 | 2.39 | 2.31 | 5.32 | 12.57 | |||
| KPCUF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PBNNF | 30.56 | 7.14 | 0.26 | (3.92) | 22.93 | 92.86 | 186.32 | |||
| EGFEF | 1.63 | 0.47 | 0.00 | (1.71) | 0.00 | 3.02 | 43.33 | |||
| BDOUF | 8.45 | 4.44 | 0.00 | (7.70) | 0.00 | 18.04 | 28.78 |
Israel Discount Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Israel Discount pink sheet to make a market-neutral strategy. Peer analysis of Israel Discount could also be used in its relative valuation, which is a method of valuing Israel Discount by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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 |
Still Interested in Israel Discount Bank?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.