| NAWI Stock | | | ILS 3,475 85.00 2.51% |
The current 90-days correlation between Nawi Brothers Group and Bank Hapoalim is 0.52 (i.e., Very weak diversification). The correlation of Nawi Brothers 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.
Nawi Brothers Correlation With Market
Significant diversification
The correlation between Nawi Brothers Group and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nawi Brothers Group and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Nawi Brothers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nawi Brothers 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 Nawi Brothers - 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 Nawi Brothers Group to buy it.
Moving together with Nawi Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Nawi Stock performing well and Nawi Brothers 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 Nawi Brothers' 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.
Be your own money manager
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Nawi Brothers Corporate Management
Elected by the shareholders, the Nawi Brothers' board of directors comprises two types of representatives: Nawi Brothers inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nawi. The board's role is to monitor Nawi Brothers' management team and ensure that shareholders' interests are well served. Nawi Brothers' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nawi Brothers' outside directors are responsible for providing unbiased perspectives on the board's policies.