Meitav Dash Correlations
| MTDS Stock | ILS 4,035 61.00 1.53% |
The current 90-days correlation between Meitav Dash Investments and Azorim Investment Development is 0.5 (i.e., Very weak diversification). The correlation of Meitav Dash 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.
Meitav Dash Correlation With Market
Good diversification
The correlation between Meitav Dash Investments and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meitav Dash Investments and DJI in the same portfolio, assuming nothing else is changed.
Meitav |
The ability to find closely correlated positions to Meitav Dash could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Meitav Dash 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 Meitav Dash - 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 Meitav Dash Investments to buy it.
Moving together with Meitav Stock
| 0.91 | GOLD | Gold Bond | PairCorr |
| 0.96 | LUMI | Bank Leumi Le | PairCorr |
| 0.96 | ICL | ICL Israel Chemicals | PairCorr |
| 0.9 | MZTF | Mizrahi Tefahot | PairCorr |
| 0.8 | AZRG | Azrieli Group | PairCorr |
| 0.91 | ESLT | Elbit Systems | PairCorr |
| 0.96 | DSCT | Israel Discount Bank | PairCorr |
| 0.91 | RATI | Ratio Oil Explorations | PairCorr |
| 0.78 | EXPO | Export Inv | PairCorr |
| 0.71 | ELLO | Ellomay Capital | PairCorr |
Moving against Meitav Stock
| 0.94 | ORA | Ormat Technologies Earnings Call This Week | PairCorr |
| 0.73 | NICE | Nice Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.77 | 0.83 | 0.87 | 0.83 | 0.65 | AZRM | ||
| 0.77 | 0.92 | 0.75 | 0.92 | 0.81 | WLFD | ||
| 0.83 | 0.92 | 0.73 | 1.0 | 0.85 | MTDS | ||
| 0.87 | 0.75 | 0.73 | 0.73 | 0.62 | ISRS | ||
| 0.83 | 0.92 | 1.0 | 0.73 | 0.85 | MTAV | ||
| 0.65 | 0.81 | 0.85 | 0.62 | 0.85 | HRON | ||
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Risk-Adjusted Indicators
There is a big difference between Meitav Stock performing well and Meitav Dash 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 Meitav Dash'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AZRM | 1.85 | 0.33 | 0.15 | (0.54) | 1.86 | 4.35 | 12.79 | |||
| WLFD | 1.48 | 0.63 | 0.42 | (1.23) | 0.85 | 4.43 | 12.44 | |||
| MTDS | 1.69 | 1.19 | 0.76 | (2.68) | 0.38 | 5.07 | 14.18 | |||
| ISRS | 1.42 | 0.31 | 0.18 | (1.11) | 1.34 | 3.19 | 8.52 | |||
| MTAV | 1.68 | 1.22 | 0.78 | (2.64) | 0.39 | 5.07 | 14.18 | |||
| HRON | 0.88 | 0.18 | 0.10 | (0.54) | 0.83 | 2.72 | 9.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Meitav Dash 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.Did you try this?
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