Oil Refineries Correlations
| ORL Stock | ILS 92.20 0.70 0.75% |
The current 90-days correlation between Oil Refineries and Delek Group is 0.55 (i.e., Very weak diversification). The correlation of Oil Refineries 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.
Oil Refineries Correlation With Market
Significant diversification
The correlation between Oil Refineries and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oil Refineries and DJI in the same portfolio, assuming nothing else is changed.
Oil |
The ability to find closely correlated positions to Oil Refineries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oil Refineries 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 Oil Refineries - 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 Oil Refineries to buy it.
Moving together with Oil Stock
| 0.64 | LUMI | Bank Leumi Le | PairCorr |
| 0.62 | AZRG | Azrieli Group | PairCorr |
| 0.66 | MZTF | Mizrahi Tefahot | PairCorr |
| 0.63 | GZT | Gazit Globe | PairCorr |
| 0.63 | MGDL | Migdal Insurance | PairCorr |
| 0.61 | MLSR | Melisron | PairCorr |
| 0.62 | FIBI | First International Bank | PairCorr |
Related Correlations Analysis
| 0.97 | 0.67 | 0.95 | 0.95 | DLEKG | ||
| 0.97 | 0.62 | 0.99 | 0.99 | LUMI | ||
| 0.67 | 0.62 | 0.62 | 0.65 | ICL | ||
| 0.95 | 0.99 | 0.62 | 0.99 | POLI | ||
| 0.95 | 0.99 | 0.65 | 0.99 | DSCT | ||
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Risk-Adjusted Indicators
There is a big difference between Oil Stock performing well and Oil Refineries 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 Oil Refineries' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DLEKG | 1.61 | 0.21 | 0.06 | 0.77 | 1.71 | 3.96 | 10.43 | |||
| LUMI | 1.25 | 0.34 | 0.13 | 2.36 | 1.30 | 2.58 | 6.40 | |||
| ICL | 1.91 | 0.00 | (0.06) | 0.06 | 2.17 | 5.55 | 11.77 | |||
| POLI | 1.14 | 0.28 | 0.11 | 2.66 | 1.17 | 2.62 | 6.10 | |||
| DSCT | 1.31 | 0.27 | 0.09 | 4.71 | 1.37 | 2.59 | 7.16 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Oil Refineries 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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Oil Refineries Corporate Management
Elected by the shareholders, the Oil Refineries' board of directors comprises two types of representatives: Oil Refineries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Oil. The board's role is to monitor Oil Refineries' management team and ensure that shareholders' interests are well served. Oil Refineries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Oil Refineries' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ana Berenshtein | VP Economics | Profile | |
| Mark Hannah | VP Sales | Profile | |
| Yonatan Gershon | VP Counsel | Profile | |
| Malachi Alper | Chief Officer | Profile | |
| Shlomo Basson | General Manager of Security, Safety & Environment Division | Profile | |
| Eliahu Mordoch | Co Sec | Profile | |
| Shai Avramovitch | Head Division | Profile |