Priortech Correlations

PRTC Stock

ILS 26,300 200.00 0.75%

The current 90-days correlation between Priortech and Gilat Satellite Networks is 0.2 (i.e., Modest diversification). The correlation of Priortech 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.

Priortech Correlation With Market

Poor diversification

The correlation between Priortech and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Priortech and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Priortech Stock

0.81	AQUA	Aquarius Engines	Pair Corr
0.62	APLP	Apollo Power	Pair Corr
0.73	ARYT	Aryt Industries	Pair Corr
0.8	TRPZ	Turpaz Industries	Pair Corr
0.61	DSCT	Israel Discount Bank	Pair Corr
0.76	AMDA	Almeda Ventures	Pair Corr
0.78	NTO	Neto ME Holdings	Pair Corr
0.63	ELWS	Electreon Wireless	Pair Corr
0.86	ELCRE	Electra Real Estate	Pair Corr
0.82	SHVA	Automatic Bank Services	Pair Corr
0.81	LEVI	Levinstein Eng	Pair Corr
0.76	TATT	TAT Technologies	Pair Corr
0.78	ENLT	Enlight Renewable Energy Earnings Call Tomorrow	Pair Corr
0.66	BSEN	Bet Shemesh Engines	Pair Corr
0.78	HGG	Hagag Group	Pair Corr
0.67	ILDR	Israel Land Development	Pair Corr
0.72	TRX	Terminal X Online	Pair Corr
0.76	ELLO	Ellomay Capital	Pair Corr
0.83	BEZQ	Bezeq Israeli Teleco	Pair Corr
0.67	ARAN	Aran Research	Pair Corr
0.71	ISHI	Israel Shipyards	Pair Corr
0.75	BYSD	Bayside Land	Pair Corr
0.81	ASHO	Ashot Ashkelon Industries	Pair Corr
0.76	NERZ	New Horizon Group	Pair Corr

Related Correlations Analysis

	GILT	MLTM	ECP	QLTU	AFHL	MGIC	ARD	PCBT	TLSY	CMDR
GILT		-0.14	-0.76	0.74	0.49	0.08	-0.32	0.89	0.61	-0.09	GILT
MLTM	-0.14		0.23	-0.41	-0.23	0.41	0.25	-0.24	-0.14	0.81	MLTM
ECP	-0.76	0.23		-0.53	-0.29	0.03	0.27	-0.69	-0.55	0.19	ECP
QLTU	0.74	-0.41	-0.53		0.81	0.32	-0.57	0.89	0.85	-0.11	QLTU
AFHL	0.49	-0.23	-0.29	0.81		0.48	-0.43	0.73	0.83	0.18	AFHL
MGIC	0.08	0.41	0.03	0.32	0.48		-0.16	0.21	0.48	0.75	MGIC
ARD	-0.32	0.25	0.27	-0.57	-0.43	-0.16		-0.43	-0.36	-0.01	ARD
PCBT	0.89	-0.24	-0.69	0.89	0.73	0.21	-0.43		0.8	-0.08	PCBT
TLSY	0.61	-0.14	-0.55	0.85	0.83	0.48	-0.36	0.8		0.13	TLSY
CMDR	-0.09	0.81	0.19	-0.11	0.18	0.75	-0.01	-0.08	0.13		CMDR
	GILT	MLTM	ECP	QLTU	AFHL	MGIC	ARD	PCBT	TLSY	CMDR

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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

PCBT	+ 0.89	GILT
PCBT	+ 0.89	QLTU
TLSY	+ 0.85	QLTU
TLSY	+ 0.83	AFHL
CMDR	+ 0.81	MLTM
AFHL	+ 0.81	QLTU

High negative correlations

ECP	- 0.76	GILT
PCBT	- 0.69	ECP
ARD	- 0.57	QLTU
TLSY	- 0.55	ECP
QLTU	- 0.53	ECP
PCBT	- 0.43	ARD

Risk-Adjusted Indicators

There is a big difference between Priortech Stock performing well and Priortech 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 Priortech'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
GILT	2.85	(0.15)	0.00	(0.22)	0.00	0.00	5.66	(7.79)	26.47
MLTM	2.20	(0.54)	0.00	(2.02)	0.00	0.00	4.30	(6.76)	24.16
ECP	1.82	(0.07)	0.00	(0.20)	0.00	0.00	3.20	(4.00)	11.75
QLTU	2.02	0.31	0.11	0.40	2.21	(2.15)	4.17	(4.00)	9.79
AFHL	1.78	0.20	0.06	(0.90)	1.84	(2.08)	4.01	(3.27)	12.22
MGIC	2.41	(0.13)	0.00	(1.19)	0.00	0.00	3.90	(4.00)	28.71
ARD	1.07	(0.04)	0.00	0.14	0.00	0.00	2.20	(2.48)	7.74
PCBT	2.19	0.41	0.15	0.74	2.29	(2.61)	4.86	(4.13)	19.68
TLSY	1.44	0.23	0.09	(1.54)	1.64	(1.47)	2.91	(2.88)	10.77
CMDR	2.00	(0.59)	0.00	(1.88)	0.00	0.00	3.27	(5.04)	19.38

Be your own money manager

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

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

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