Palram Correlations

PLRM Stock

ILS 5,589 196.00 3.63%

The correlation of Palram 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.

Palram Correlation With Market

Excellent diversification

The correlation between Palram and DJI is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Palram and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Palram Stock

0.72	ISCD	Isracard Earnings Call This Week	Pair Corr
0.63	IES	IES Holdings	Pair Corr
0.61	KNFM	Knafaim	Pair Corr
0.59	STRS	Strauss Group	Pair Corr
0.56	ALMD	Allmed Solutions	Pair Corr
0.54	LPHL	Lapidoth Heletz	Pair Corr
0.53	MMHD	Menora Miv Hld	Pair Corr
0.51	CLIS	Clal Insurance Enter	Pair Corr
0.47	SPEN	Shapir Engineering	Pair Corr
0.46	PRTC	Priortech	Pair Corr
0.46	SCOP	Scope Metals Group	Pair Corr
0.43	PTNR	Partner Earnings Call This Week	Pair Corr
0.42	ASHO	Ashot Ashkelon Industries	Pair Corr
0.42	PLNT	Plantarc Bio	Pair Corr
0.39	CRMT	Carmit	Pair Corr
0.38	ELCRE	Electra Real Estate	Pair Corr
0.37	MEDN	Mehadrin	Pair Corr
0.33	AZRG	Azrieli Group	Pair Corr
0.33	CNZN	Canzon Israel	Pair Corr
0.7	HAMAT	Hamat Group	Pair Corr
0.64	AFHL	Afcon Holdings	Pair Corr
0.59	FIBI	First International Bank	Pair Corr
0.56	ARAN	Aran Research	Pair Corr
0.53	KEN	Kenon Holdings	Pair Corr
0.53	ALBA	Al Bad Massuot	Pair Corr
0.53	DSCT	Israel Discount Bank Earnings Call This Week	Pair Corr
0.52	BRAN	Baran Group	Pair Corr
0.52	LUMI	Bank Leumi Le Earnings Call Tomorrow	Pair Corr
0.45	BSEN	Bet Shemesh Engines	Pair Corr
0.44	PHOE	Phoenix Holdings	Pair Corr
0.41	ICON	Icon Group	Pair Corr
0.38	SHAN	Shaniv	Pair Corr

Related Correlations Analysis

	PLSN	SCOP	FBRT	LEVI	TATT	ASHO	LUZN	CDEV	HAMAT	BRIH
PLSN		-0.75	-0.68	-0.76	-0.57	-0.75	-0.79	0.29	-0.45	0.66	PLSN
SCOP	-0.75		0.82	0.91	0.84	0.83	0.89	-0.06	0.66	-0.61	SCOP
FBRT	-0.68	0.82		0.87	0.93	0.96	0.88	-0.36	0.48	-0.84	FBRT
LEVI	-0.76	0.91	0.87		0.85	0.92	0.92	-0.1	0.53	-0.8	LEVI
TATT	-0.57	0.84	0.93	0.85		0.89	0.85	-0.28	0.52	-0.73	TATT
ASHO	-0.75	0.83	0.96	0.92	0.89		0.93	-0.3	0.41	-0.92	ASHO
LUZN	-0.79	0.89	0.88	0.92	0.85	0.93		-0.35	0.59	-0.77	LUZN
CDEV	0.29	-0.06	-0.36	-0.1	-0.28	-0.3	-0.35		-0.22	0.27	CDEV
HAMAT	-0.45	0.66	0.48	0.53	0.52	0.41	0.59	-0.22		-0.09	HAMAT
BRIH	0.66	-0.61	-0.84	-0.8	-0.73	-0.92	-0.77	0.27	-0.09		BRIH
	PLSN	SCOP	FBRT	LEVI	TATT	ASHO	LUZN	CDEV	HAMAT	BRIH

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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

ASHO	+ 0.96	FBRT
TATT	+ 0.93	FBRT
LUZN	+ 0.93	ASHO
ASHO	+ 0.92	LEVI
LUZN	+ 0.92	LEVI
LEVI	+ 0.91	SCOP

High negative correlations

BRIH	- 0.92	ASHO
BRIH	- 0.84	FBRT
BRIH	- 0.8	LEVI
LUZN	- 0.79	PLSN
BRIH	- 0.77	LUZN
LEVI	- 0.76	PLSN

Risk-Adjusted Indicators

There is a big difference between Palram Stock performing well and Palram 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 Palram'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
PLSN	1.02	(0.22)	0.00	(3.89)	0.00	0.00	1.69	(2.78)	6.66
SCOP	1.15	0.52	0.40	(1.97)	0.53	(1.45)	2.85	(1.41)	9.75
FBRT	1.37	0.55	0.25	3.63	1.33	(1.72)	3.87	(2.39)	11.53
LEVI	1.36	0.26	0.11	(1.38)	1.35	(1.55)	3.58	(2.17)	11.22
TATT	2.12	0.47	0.16	2.33	2.03	(2.40)	5.84	(3.59)	14.62
ASHO	2.02	0.99	0.32	(5.11)	1.98	(2.42)	5.24	(4.68)	18.29
LUZN	1.19	0.45	0.29	(5.75)	0.88	(1.43)	3.72	(1.86)	7.60
CDEV	1.20	(0.16)	0.00	(12.22)	0.00	0.00	2.25	(2.50)	9.41
HAMAT	1.69	0.31	0.13	0.57	1.81	(1.83)	3.34	(3.27)	17.21
BRIH	1.21	(0.05)	0.00	(0.71)	0.00	0.00	3.71	(2.23)	8.61

Be your own money manager

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

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

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