Multi Retail Correlations

MRG Stock

1,389 14.00 1.00%

The current 90-days correlation between Multi Retail Group and Amanet Management Systems is -0.16 (i.e., Good diversification). The correlation of Multi Retail 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.

Multi Retail Correlation With Market

Average diversification

The correlation between Multi Retail Group 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 Multi Retail Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Multi Stock

0.66	BYAR	B Yair Building	Pair Corr
0.8	DLMT	Accel Solutions Group	Pair Corr
0.87	NTO	Neto ME Holdings	Pair Corr
0.78	ACCL	Accel Solutions Group	Pair Corr
0.89	MNIF	Menif Financial Services	Pair Corr
0.77	DELT	Delta Galil Industries	Pair Corr
0.71	YHNF	M Yochananof	Pair Corr
0.84	ACKR	Ackerstein Group	Pair Corr
0.81	ISCN	Israel Canada	Pair Corr
0.84	ECP	Electra Co Pr	Pair Corr
0.91	ISTA	Issta Lines	Pair Corr
0.89	MLSR	Melisron	Pair Corr
0.63	AFPR	Afi Properties	Pair Corr
0.88	BIG	Big Shopping Centers	Pair Corr
0.8	HRON	Hiron Trade Investments	Pair Corr
0.75	ALMA	Almogim Holdings	Pair Corr
0.9	MORE-S8	More Mutual Funds	Pair Corr
0.88	BCOM	B Communications	Pair Corr
0.81	INBR	Inbar Group Finance	Pair Corr
0.92	MZTF	Mizrahi Tefahot	Pair Corr
0.75	SKBN	Shikun Binui	Pair Corr
0.72	SHNP	Schnapp	Pair Corr
0.86	AURA	Aura Investments	Pair Corr
0.85	SHOM	EN Shoham Business	Pair Corr
0.87	MLTM	Malam Team	Pair Corr
0.89	MMHD	Menora Miv Hld	Pair Corr
0.9	CLIS	Clal Insurance Enter	Pair Corr
0.81	ISRS	Isras Investment	Pair Corr
0.82	HLAN	Hilan	Pair Corr
0.82	ALRPR	Alrov Properties Lodgings	Pair Corr
0.92	BEZQ	Bezeq Israeli Teleco	Pair Corr

Moving against Multi Stock

0.81	WILK	Wilk Technologies	Pair Corr
0.81	FNTS	Fantasy Network	Pair Corr
0.48	EDRL	Edri El	Pair Corr

Related Correlations Analysis

	ADGR	HRON	MTRD	AMAN	HARL	ORON	RMN	AZRM
ADGR		0.72	0.7	0.45	0.86	0.68	0.88	0.83	ADGR
HRON	0.72		0.93	0.8	0.92	0.88	0.84	0.69	HRON
MTRD	0.7	0.93		0.82	0.91	0.89	0.9	0.83	MTRD
AMAN	0.45	0.8	0.82		0.73	0.78	0.66	0.57	AMAN
HARL	0.86	0.92	0.91	0.73		0.92	0.95	0.83	HARL
ORON	0.68	0.88	0.89	0.78	0.92		0.86	0.77	ORON
RMN	0.88	0.84	0.9	0.66	0.95	0.86		0.91	RMN
AZRM	0.83	0.69	0.83	0.57	0.83	0.77	0.91		AZRM
	ADGR	HRON	MTRD	AMAN	HARL	ORON	RMN	AZRM

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Risk-Adjusted Indicators

There is a big difference between Multi Stock performing well and Multi Retail 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 Multi Retail'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
ADGR	1.22	0.25	0.09	(0.79)	1.34	(1.35)	2.76	(2.93)	9.99
HRON	0.90	0.31	0.14	(7.85)	0.52	(1.79)	2.72	(1.60)	7.68
MTRD	1.32	0.75	0.52	5.51	0.32	(1.76)	4.07	(2.09)	11.01
AMAN	1.39	0.24	0.07	(1.52)	1.61	(1.56)	3.68	(3.14)	8.69
HARL	1.52	0.76	0.46	20.22	0.91	(2.00)	3.45	(1.79)	8.87
ORON	1.45	0.44	0.28	0.76	1.07	(1.76)	3.78	(2.00)	9.68
RMN	1.51	0.47	0.20	9.90	1.32	(1.68)	5.00	(3.23)	11.49
AZRM	1.67	0.31	0.12	0.96	1.77	(2.05)	4.35	(3.01)	12.79

Be your own money manager

Our tools can tell you how much better you can do entering a position in Multi Retail 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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Multi Retail Corporate Management

Elected by the shareholders, the Multi Retail's board of directors comprises two types of representatives: Multi Retail inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Multi. The board's role is to monitor Multi Retail's management team and ensure that shareholders' interests are well served. Multi Retail's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Multi Retail's outside directors are responsible for providing unbiased perspectives on the board's policies.

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