Itay Financial Correlations

ITYF Stock

ILS 420.00 10.00 2.44%

The correlation of Itay Financial 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.

Itay Financial Correlation With Market

Average diversification

The correlation between Itay Financial AA and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Itay Financial AA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Itay Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Itay Financial 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 Itay Financial - 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 Itay Financial AA to buy it.

Moving together with Itay Stock

0.86	NZHT	Netz Hotels	Pair Corr
0.77	DIFI	Direct Finance TA	Pair Corr
0.81	ISRS	Isras Investment	Pair Corr
0.87	GLRS	Globrands Group	Pair Corr
0.77	HRON	Hiron Trade Investments	Pair Corr
0.86	CMDR	Computer Direct	Pair Corr
0.82	ELTR	Electra	Pair Corr
0.8	DANE	Danel	Pair Corr
0.88	FOX	Fox Wizel	Pair Corr
0.69	MZTF	Mizrahi Tefahot	Pair Corr
0.81	DLEA	Delek Automotive Systems	Pair Corr
0.86	PLSN	Plasson Indus	Pair Corr
0.84	RMLI	Rami Levi	Pair Corr
0.85	RANI	Rani Zim Shopping	Pair Corr
0.85	SHOM	EN Shoham Business	Pair Corr
0.83	DIMRI	YH Dimri Construction	Pair Corr
0.92	TATT	TAT Technologies	Pair Corr
0.81	TTAM	Tiv Taam	Pair Corr
0.75	DLEKG	Delek Group	Pair Corr
0.87	MTAV	MEITAV INVESTMENTS HOUSE	Pair Corr
0.71	PCBT	PCB Tec	Pair Corr
0.88	ECP	Electra Co Pr	Pair Corr
0.79	NXTM	Nextcom	Pair Corr
0.74	AZRM	Azorim Investment	Pair Corr
0.78	POLI	Bank Hapoalim	Pair Corr

Moving against Itay Stock

0.69

DCI

Direct Capital Inves

Pair Corr

Related Correlations Analysis

	SNCM	BCOM	TRX	RPAC	GLTL	ABRA	CMDR
SNCM		0.89	0.9	0.86	0.81	0.45	0.87	SNCM
BCOM	0.89		0.92	0.77	0.84	0.54	0.9	BCOM
TRX	0.9	0.92		0.76	0.9	0.55	0.96	TRX
RPAC	0.86	0.77	0.76		0.78	0.7	0.63	RPAC
GLTL	0.81	0.84	0.9	0.78		0.74	0.82	GLTL
ABRA	0.45	0.54	0.55	0.7	0.74		0.37	ABRA
CMDR	0.87	0.9	0.96	0.63	0.82	0.37		CMDR
	SNCM	BCOM	TRX	RPAC	GLTL	ABRA	CMDR

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Risk-Adjusted Indicators

There is a big difference between Itay Stock performing well and Itay Financial 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 Itay Financial'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
SNCM	1.63	0.48	0.28	(2.09)	1.26	(2.13)	4.00	(2.28)	12.62
BCOM	1.97	0.85	0.50	2.15	1.05	(2.47)	5.45	(2.48)	16.14
TRX	1.34	0.66	0.44	7.08	0.63	(1.77)	4.29	(1.95)	8.12
RPAC	1.32	0.48	0.33	(32.64)	0.92	(1.68)	4.00	(2.33)	7.58
GLTL	2.21	0.59	0.31	0.78	1.51	(3.01)	6.40	(2.94)	15.63
ABRA	1.49	0.41	0.20	1.96	1.55	(1.76)	3.35	(2.23)	15.52
CMDR	1.41	0.47	0.27	3.67	1.07	(1.57)	3.82	(2.66)	9.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Itay Financial 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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