Israel Discount Correlations

ISDAY Stock

USD 62.00 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

Significant diversification

The correlation between Israel Discount Bank and DJI is 0.01 (i.e., Significant 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.

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

0.65	USB-PH	US Bancorp	Pair Corr
0.65	LGCY	Legacy Education	Pair Corr
0.7	AAPL	Apple Inc	Pair Corr
0.83	MSFT	Microsoft Aggressive Push	Pair Corr
0.75	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.78	META	Meta Platforms	Pair Corr
0.77	WMT	Walmart	Pair Corr
0.67	TSLA	Tesla Inc Aggressive Push	Pair Corr
0.66	TATT	Tat Techno	Pair Corr
0.67	KODK	Eastman Kodak	Pair Corr

Moving against Israel Pink Sheet

0.62	BBDC4	Banco Bradesco SA	Pair Corr
0.48	BBAS3	Banco do Brasil	Pair Corr
0.45	BNPQF	BNP Paribas SA	Pair Corr
0.44	BNPQY	BNP Paribas SA	Pair Corr
0.34	SHLS	Shoals Technologies	Pair Corr
0.56	BAER	Bridger Aerospace Buyout Trend	Pair Corr

Related Correlations Analysis

	UNTN	BAOB	SWZNF	DNKEY	AOZOF	AGRPF	JYSKY	AIBRF	BWBBP
UNTN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	UNTN
BAOB	0.0		-0.45	-0.2	0.33	0.0	0.0	0.33	-0.05	BAOB
SWZNF	0.0	-0.45		0.37	-0.58	0.0	0.0	0.25	0.4	SWZNF
DNKEY	0.0	-0.2	0.37		-0.05	0.0	0.0	0.22	0.14	DNKEY
AOZOF	0.0	0.33	-0.58	-0.05		0.0	0.0	-0.3	-0.44	AOZOF
AGRPF	0.0	0.0	0.0	0.0	0.0		-1.0	0.0	0.0	AGRPF
JYSKY	0.0	0.0	0.0	0.0	0.0	-1.0		0.0	0.0	JYSKY
AIBRF	0.0	0.33	0.25	0.22	-0.3	0.0	0.0		0.25	AIBRF
BWBBP	0.0	-0.05	0.4	0.14	-0.44	0.0	0.0	0.25		BWBBP
	UNTN	BAOB	SWZNF	DNKEY	AOZOF	AGRPF	JYSKY	AIBRF	BWBBP

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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

BWBBP	+ 0.4	SWZNF
DNKEY	+ 0.37	SWZNF
AOZOF	+ 0.33	BAOB
AIBRF	+ 0.33	BAOB
AIBRF	+ 0.25	SWZNF
BWBBP	+ 0.25	AIBRF

High negative correlations

JYSKY	- 1.0	AGRPF
AOZOF	- 0.58	SWZNF
SWZNF	- 0.45	BAOB
BWBBP	- 0.44	AOZOF
AIBRF	- 0.3	AOZOF
DNKEY	- 0.2	BAOB

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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BAOB	0.90	0.25	0.13	(8.74)	0.90	(1.39)	2.40	(2.24)	8.78
SWZNF	0.48	(0.15)	0.00	0.66	0.00	0.00	0.00	0.00	10.45
DNKEY	1.27	0.01	0.00	(0.19)	1.68	(1.33)	2.49	(3.14)	7.81
AOZOF	2.52	(1.24)	0.00	0.37	0.00	0.00	0.00	0.00	42.84
AGRPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JYSKY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AIBRF	1.04	0.04	0.01	0.19	1.38	(2.70)	3.75	(2.81)	11.01
BWBBP	1.17	(0.01)	(0.02)	(0.09)	1.55	(1.33)	2.83	(3.10)	7.71

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.

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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

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