Menora Mivtachim Correlations
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The current 90-days correlation between Menora Mivtachim Holdings and Air Transport Services is -0.04 (i.e., Good diversification). The correlation of Menora Mivtachim 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.
Menora Mivtachim Correlation With Market
Good diversification
The correlation between Menora Mivtachim Holdings and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Menora Mivtachim Holdings and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Menora Mivtachim could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Menora Mivtachim 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 Menora Mivtachim - 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 Menora Mivtachim Holdings to buy it.
Moving together with Menora Pink Sheet
| 0.79 | TSLA | Tesla Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.62 | TDUP | ThredUp | PairCorr |
| 0.8 | GOOGL | Alphabet Class A | PairCorr |
| 0.84 | AAPL | Apple Inc | PairCorr |
| 0.84 | PSTG | Pure Storage | PairCorr |
| 0.69 | PAM | Pampa Energia SA | PairCorr |
Moving against Menora Pink Sheet
| 0.74 | AIG | American International | PairCorr |
| 0.51 | ZTLLF | Zonetail | PairCorr |
| 0.49 | NSFDF | NXT Energy Solutions | PairCorr |
| 0.43 | AXAHF | AXA SA | PairCorr |
| 0.33 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.33 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.5 | AZRH | Azure Holding Group | PairCorr |
Related Correlations Analysis
| 0.86 | 0.87 | 0.02 | 0.94 | -0.84 | ATSG | ||
| 0.86 | 0.87 | 0.22 | 0.83 | -0.69 | ALGT | ||
| 0.87 | 0.87 | 0.31 | 0.87 | -0.67 | ALNT | ||
| 0.02 | 0.22 | 0.31 | 0.13 | 0.01 | NTES | ||
| 0.94 | 0.83 | 0.87 | 0.13 | -0.87 | GRMN | ||
| -0.84 | -0.69 | -0.67 | 0.01 | -0.87 | AMKR | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Menora Pink Sheet performing well and Menora Mivtachim 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 Menora Mivtachim'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATSG | 1.34 | 0.55 | 0.43 | 0.89 | 0.55 | 2.90 | 27.79 | |||
| ALGT | 2.49 | 0.81 | 0.30 | 1.76 | 2.20 | 5.19 | 16.10 | |||
| ALNT | 2.03 | 0.55 | 0.22 | 0.71 | 2.05 | 4.75 | 13.67 | |||
| NTES | 1.94 | (0.09) | 0.00 | 0.26 | 0.00 | 3.38 | 15.03 | |||
| GRMN | 1.26 | 0.32 | 0.22 | (1.52) | 1.04 | 1.99 | 26.46 | |||
| AMKR | 1.75 | (0.10) | 0.00 | (0.56) | 0.00 | 3.90 | 10.14 |
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Menora Mivtachim Corporate Management
| Advocate IrShai | Company Counsel | Profile | |
| Yehuda Assayag | Chief Limited | Profile | |
| Dan BarOn | Deputy subsidiary | Profile | |
| Nir Moroz | Chief Officer | Profile | |
| Shai Kompel | CFO CEO | Profile | |
| Eti Hirshman | Chief Auditor | Profile | |
| Ari Kalman | Chief Officer | Profile |