Norstar Correlations

NSTR Stock

ILS 827.00 45.00 5.16%

The current 90-days correlation between Norstar and Kardan Israel is 0.15 (i.e., Average diversification). The correlation of Norstar 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.

Norstar Correlation With Market

Very good diversification

The correlation between Norstar and DJI is -0.45 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Norstar and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Norstar Stock

0.59	RATI	Ratio Oil Explorations	Pair Corr
0.52	ARNA	Arena Star Group	Pair Corr
0.47	GNRS	Generation Capital	Pair Corr
0.46	LUMI	Bank Leumi Le	Pair Corr
0.42	BEZQ	Bezeq Israeli Teleco	Pair Corr
0.37	ISRA	Isramco Negev 2	Pair Corr
0.33	ECNR	Econergy Renewable Energy	Pair Corr

Related Correlations Analysis

	KRDI	DRSH	BOTI	AZRT	ASGR	ADGR	NTGR	YBOX
KRDI		-0.13	-0.69	0.6	0.7	-0.36	-0.38	-0.2	KRDI
DRSH	-0.13		0.52	0.46	-0.1	0.66	0.69	0.37	DRSH
BOTI	-0.69	0.52		-0.27	-0.75	0.65	0.77	0.08	BOTI
AZRT	0.6	0.46	-0.27		0.61	0.24	0.28	0.27	AZRT
ASGR	0.7	-0.1	-0.75	0.61		-0.26	-0.43	0.11	ASGR
ADGR	-0.36	0.66	0.65	0.24	-0.26		0.77	0.27	ADGR
NTGR	-0.38	0.69	0.77	0.28	-0.43	0.77		0.33	NTGR
YBOX	-0.2	0.37	0.08	0.27	0.11	0.27	0.33		YBOX
	KRDI	DRSH	BOTI	AZRT	ASGR	ADGR	NTGR	YBOX

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

NTGR	+ 0.77	BOTI
NTGR	+ 0.77	ADGR
ASGR	+ 0.7	KRDI
NTGR	+ 0.69	DRSH
ADGR	+ 0.66	DRSH
ADGR	+ 0.65	BOTI

High negative correlations

ASGR	- 0.75	BOTI
BOTI	- 0.69	KRDI
NTGR	- 0.43	ASGR
NTGR	- 0.38	KRDI
ADGR	- 0.36	KRDI
AZRT	- 0.27	BOTI

Risk-Adjusted Indicators

There is a big difference between Norstar Stock performing well and Norstar 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 Norstar'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
KRDI	2.05	0.20	0.09	0.35	1.79	(2.50)	4.70	(3.28)	17.37
DRSH	1.23	(0.03)	0.00	(0.04)	0.00	0.00	2.78	(2.60)	9.28
BOTI	1.54	(0.52)	0.00	(2.57)	0.00	0.00	3.28	(3.12)	9.82
AZRT	1.19	(0.03)	(0.03)	0.03	1.31	(1.49)	3.78	(1.77)	10.53
ASGR	1.94	0.07	0.03	0.14	2.67	(1.89)	4.16	(4.04)	18.74
ADGR	1.15	(0.18)	0.00	(0.60)	0.00	0.00	2.80	(2.12)	8.94
NTGR	1.89	(0.38)	0.00	(5.22)	0.00	0.00	4.89	(3.59)	12.38
YBOX	2.36	(0.26)	0.00	(0.20)	0.00	0.00	4.78	(4.65)	16.30

Be your own money manager

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

Elected by the shareholders, the Norstar's board of directors comprises two types of representatives: Norstar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Norstar. The board's role is to monitor Norstar's management team and ensure that shareholders' interests are well served. Norstar'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, Norstar's outside directors are responsible for providing unbiased perspectives on the board's policies.

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