Photomyne Correlations

PHTM Stock

ILA 2,776 2.00 0.07%

The current 90-days correlation between Photomyne and Aura Investments is 0.12 (i.e., Average diversification). The correlation of Photomyne 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.

Photomyne Correlation With Market

Good diversification

The correlation between Photomyne and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Photomyne and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Photomyne Stock

0.74	WSMK	WhiteSmoke Software	Pair Corr
0.89	ABRA	Abra Information Tec	Pair Corr
0.77	LUMI	Bank Leumi Le Earnings Call This Week	Pair Corr
0.81	MZTF	Mizrahi Tefahot Earnings Call This Week	Pair Corr
0.75	DSCT	Israel Discount Bank Earnings Call This Week	Pair Corr
0.88	MGDL	Migdal Insurance	Pair Corr
0.76	FIBI	First International Bank Earnings Call This Week	Pair Corr
0.79	CLIS	Clal Insurance Enter Earnings Call This Week	Pair Corr
0.72	PHOE	Phoenix Holdings Earnings Call This Week	Pair Corr
0.76	HARL	Harel Insurance Inve Earnings Call This Week	Pair Corr
0.67	MMHD	Menora Miv Hld Earnings Call This Week	Pair Corr

Moving against Photomyne Stock

0.35

NRGN

Nrgene Technologies

Pair Corr

Related Correlations Analysis

	AURA	HARL	ANLT	ARAD	DIMRI	ISRS	SKLN	AMOT
AURA		0.93	0.84	0.77	0.63	0.88	0.9	0.92	AURA
HARL	0.93		0.9	0.87	0.73	0.95	0.86	0.97	HARL
ANLT	0.84	0.9		0.82	0.69	0.92	0.8	0.92	ANLT
ARAD	0.77	0.87	0.82		0.64	0.81	0.73	0.86	ARAD
DIMRI	0.63	0.73	0.69	0.64		0.79	0.52	0.8	DIMRI
ISRS	0.88	0.95	0.92	0.81	0.79		0.83	0.96	ISRS
SKLN	0.9	0.86	0.8	0.73	0.52	0.83		0.86	SKLN
AMOT	0.92	0.97	0.92	0.86	0.8	0.96	0.86		AMOT
	AURA	HARL	ANLT	ARAD	DIMRI	ISRS	SKLN	AMOT

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Risk-Adjusted Indicators

There is a big difference between Photomyne Stock performing well and Photomyne 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 Photomyne'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
AURA	2.02	0.36	0.08	(0.65)	1.98	(2.37)	4.48	(3.42)	9.00
HARL	1.49	0.33	0.10	0.87	2.03	(1.61)	2.95	(1.86)	9.53
ANLT	0.90	0.30	0.22	(14.16)	0.33	(1.17)	2.20	(1.44)	8.45
ARAD	2.04	1.05	0.52	(3.27)	0.87	(2.58)	6.07	(2.18)	9.41
DIMRI	1.13	0.07	(0.01)	0.39	1.23	(1.26)	3.07	(1.94)	7.04
ISRS	1.34	0.39	0.11	(2.86)	1.71	(1.33)	3.20	(2.50)	8.17
SKLN	1.40	0.64	0.24	6.05	1.18	(1.70)	3.96	(3.28)	9.74
AMOT	1.27	0.43	0.18	3.50	1.20	(1.41)	2.75	(2.99)	5.79

Be your own money manager

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

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

Nir Tzemah	Chairman CEO	Profile
Yair Segalovitz	CFO Director	Profile
Natalie Verter	CPO, CoFounder	Profile
Ofir Huber	Head RD	Profile
Mickey Atir	Head Marketing	Profile
Annat Katz	Head Content	Profile
Tal Katz	Head Fin	Profile

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