Menif Financial Correlations
| MNIF Stock | ILA 1,542 13.00 0.84% |
The current 90-days correlation between Menif Financial Services and Hiron Trade Investments Industrial is -0.02 (i.e., Good diversification). The correlation of Menif 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.
Menif Financial Correlation With Market
Good diversification
The correlation between Menif Financial Services and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Menif Financial Services and DJI in the same portfolio, assuming nothing else is changed.
Menif |
The ability to find closely correlated positions to Menif 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 Menif 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 Menif 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 Menif Financial Services to buy it.
Moving together with Menif Stock
| 0.9 | MCMN | Michman Basad | PairCorr |
| 0.87 | ISCD | Isracard | PairCorr |
| 0.9 | NAWI | Nawi Brothers Group | PairCorr |
| 0.94 | PEN | Peninsula Group | PairCorr |
| 0.87 | JCFN | Jacob Finance And | PairCorr |
| 0.83 | MLRN | MLRN Projects | PairCorr |
| 0.77 | HOD | Hod Assaf Industries | PairCorr |
| 0.67 | ALRPR | Alrov Properties Lodgings | PairCorr |
| 0.86 | AVIV | Mordechai Aviv Taasiot | PairCorr |
| 0.63 | GVYM | GavYam Lands Corp | PairCorr |
| 0.77 | JBNK | Jerusalem | PairCorr |
Moving against Menif Stock
| 0.86 | BULL | Bull Trading And | PairCorr |
| 0.78 | AVRT | Avrot Industries | PairCorr |
| 0.65 | DANH | Dan Hotels Earnings Call This Week | PairCorr |
| 0.6 | BLND | Blender Financial | PairCorr |
Related Correlations Analysis
| 0.57 | 0.81 | 0.79 | 0.44 | 0.71 | 0.41 | IBITEC-F | ||
| 0.57 | 0.66 | 0.7 | 0.42 | 0.68 | 0.44 | HRON | ||
| 0.81 | 0.66 | 0.88 | 0.28 | 0.72 | 0.35 | SKLN | ||
| 0.79 | 0.7 | 0.88 | 0.28 | 0.7 | 0.29 | ORON | ||
| 0.44 | 0.42 | 0.28 | 0.28 | 0.57 | 0.19 | FEAT | ||
| 0.71 | 0.68 | 0.72 | 0.7 | 0.57 | 0.14 | MTAV | ||
| 0.41 | 0.44 | 0.35 | 0.29 | 0.19 | 0.14 | KVSR | ||
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Risk-Adjusted Indicators
There is a big difference between Menif Stock performing well and Menif 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 Menif 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IBITEC-F | 1.45 | 0.35 | 0.16 | 12.96 | 1.07 | 3.58 | 15.31 | |||
| HRON | 0.60 | 0.10 | (0.01) | 1.64 | 0.72 | 2.90 | 6.71 | |||
| SKLN | 1.56 | 0.20 | 0.03 | (1.43) | 2.10 | 3.70 | 10.91 | |||
| ORON | 1.45 | 0.28 | 0.08 | (1.39) | 1.32 | 3.75 | 9.68 | |||
| FEAT | 0.54 | 0.10 | (0.02) | (0.61) | 0.59 | 0.00 | 18.09 | |||
| MTAV | 1.72 | 0.72 | 0.32 | 10.26 | 1.28 | 3.76 | 8.21 | |||
| KVSR | 0.77 | 0.10 | (0.02) | (0.10) | 1.39 | 3.93 | 12.05 |
Be your own money manager
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