Mehadrin Correlations

MEDN Stock

ILA 30,220 1,670 5.24%

The current 90-days correlation between Mehadrin and Tiv Taam is -0.02 (i.e., Good diversification). The correlation of Mehadrin 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.

Mehadrin Correlation With Market

Good diversification

The correlation between Mehadrin and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mehadrin and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Mehadrin Stock

0.64	INBR	Inbar Group Finance	Pair Corr
0.65	NXSN	Next Vision Stabilized	Pair Corr
0.65	MTLF	Matricelf	Pair Corr

Moving against Mehadrin Stock

0.42	PRTC	Priortech	Pair Corr
0.38	SHAN	Shaniv	Pair Corr
0.43	CGEN	Compugen	Pair Corr
0.35	BRIH	Rav Bariach 08	Pair Corr
0.33	KRDI	Kardan Israel	Pair Corr

Related Correlations Analysis

	TTAM	WILC	KRUR	TPGM	NTO	GLRS	BKRY	ZNKL	VCTR	ALBA
TTAM		0.96	0.67	0.9	0.8	-0.36	0.46	0.25	0.68	0.86	TTAM
WILC	0.96		0.67	0.93	0.86	-0.34	0.45	0.28	0.66	0.83	WILC
KRUR	0.67	0.67		0.64	0.8	0.04	0.68	0.31	0.19	0.63	KRUR
TPGM	0.9	0.93	0.64		0.85	-0.32	0.4	0.25	0.63	0.85	TPGM
NTO	0.8	0.86	0.8	0.85		0.04	0.52	0.4	0.44	0.7	NTO
GLRS	-0.36	-0.34	0.04	-0.32	0.04		-0.14	0.11	-0.53	-0.42	GLRS
BKRY	0.46	0.45	0.68	0.4	0.52	-0.14		0.63	0.05	0.33	BKRY
ZNKL	0.25	0.28	0.31	0.25	0.4	0.11	0.63		0.2	0.19	ZNKL
VCTR	0.68	0.66	0.19	0.63	0.44	-0.53	0.05	0.2		0.74	VCTR
ALBA	0.86	0.83	0.63	0.85	0.7	-0.42	0.33	0.19	0.74		ALBA
	TTAM	WILC	KRUR	TPGM	NTO	GLRS	BKRY	ZNKL	VCTR	ALBA

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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

WILC	+ 0.96	TTAM
TPGM	+ 0.93	WILC
TPGM	+ 0.9	TTAM
ALBA	+ 0.86	TTAM
NTO	+ 0.86	WILC
NTO	+ 0.85	TPGM

High negative correlations

VCTR	- 0.53	GLRS
ALBA	- 0.42	GLRS
GLRS	- 0.36	TTAM
GLRS	- 0.34	WILC
GLRS	- 0.32	TPGM
BKRY	- 0.14	GLRS

Risk-Adjusted Indicators

There is a big difference between Mehadrin Stock performing well and Mehadrin 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 Mehadrin'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
TTAM	1.24	0.49	0.34	(2.63)	0.74	(1.53)	3.97	(2.03)	10.12
WILC	1.07	0.41	0.29	0.75	0.75	(1.40)	2.71	(1.90)	7.88
KRUR	1.16	0.25	0.11	(0.56)	1.02	(1.34)	3.48	(2.00)	8.04
TPGM	2.14	0.51	0.20	1.58	1.74	(2.96)	4.21	(3.59)	20.74
NTO	1.38	0.13	0.02	7.56	2.55	(1.34)	2.31	(3.44)	11.34
GLRS	1.34	(0.24)	0.00	(0.49)	0.00	0.00	2.14	(2.85)	7.53
BKRY	1.53	0.29	0.08	(0.34)	1.56	(1.86)	4.00	(3.09)	12.15
ZNKL	1.44	0.04	(0.03)	(0.12)	1.47	(2.29)	5.34	(3.01)	11.61
VCTR	1.52	0.27	0.08	(0.81)	1.74	(1.76)	4.72	(3.45)	7.95
ALBA	2.32	0.67	0.28	2.72	1.87	(2.91)	4.23	(4.10)	19.05

Be your own money manager

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