Qualitau Correlations

QLTU Stock

ILA 62,720 980.00 1.54%

The current 90-days correlation between Qualitau and Unitronics is -0.09 (i.e., Good diversification). The correlation of Qualitau 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.

Qualitau Correlation With Market

Poor diversification

The correlation between Qualitau and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qualitau and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Qualitau Stock

0.84	PRTC	Priortech	Pair Corr
0.7	ARYT	Aryt Industries	Pair Corr
0.62	TRPZ	Turpaz Industries	Pair Corr
0.66	AMDA	Almeda Ventures	Pair Corr
0.63	NTO	Neto ME Holdings	Pair Corr
0.83	ELCRE	Electra Real Estate	Pair Corr
0.63	SHVA	Automatic Bank Services	Pair Corr
0.81	LEVI	Levinstein Eng	Pair Corr
0.83	TATT	TAT Technologies	Pair Corr
0.63	ENLT	Enlight Renewable Energy Earnings Call This Week	Pair Corr
0.82	BSEN	Bet Shemesh Engines	Pair Corr
0.83	HGG	Hagag Group	Pair Corr
0.89	ILDR	Israel Land Development	Pair Corr
0.79	TRX	Terminal X Online	Pair Corr
0.78	ELLO	Ellomay Capital	Pair Corr
0.78	BEZQ	Bezeq Israeli Teleco	Pair Corr
0.83	ARAN	Aran Research	Pair Corr
0.73	ISHI	Israel Shipyards	Pair Corr
0.64	MISH	Mivtach Shamir	Pair Corr
0.8	ASHO	Ashot Ashkelon Industries	Pair Corr
0.65	NERZ	New Horizon Group	Pair Corr

Moving against Qualitau Stock

0.45

ICB

Israel China Biotech

Pair Corr

Related Correlations Analysis

	GILT	ECP	PRTC	TLSY	CMDR	MLTM	AFHL	MGIC	UNIT	ARD
GILT		-0.74	0.75	0.59	-0.16	-0.12	0.46	0.11	0.82	-0.32	GILT
ECP	-0.74		-0.63	-0.49	0.16	0.08	-0.15	0.07	-0.8	0.17	ECP
PRTC	0.75	-0.63		0.67	-0.43	-0.42	0.47	-0.41	0.63	-0.26	PRTC
TLSY	0.59	-0.49	0.67		0.21	0.12	0.78	0.3	0.58	-0.35	TLSY
CMDR	-0.16	0.16	-0.43	0.21		0.9	0.27	0.87	0.03	-0.18	CMDR
MLTM	-0.12	0.08	-0.42	0.12	0.9		0.05	0.78	0.16	-0.05	MLTM
AFHL	0.46	-0.15	0.47	0.78	0.27	0.05		0.36	0.31	-0.42	AFHL
MGIC	0.11	0.07	-0.41	0.3	0.87	0.78	0.36		0.12	-0.16	MGIC
UNIT	0.82	-0.8	0.63	0.58	0.03	0.16	0.31	0.12		-0.28	UNIT
ARD	-0.32	0.17	-0.26	-0.35	-0.18	-0.05	-0.42	-0.16	-0.28		ARD
	GILT	ECP	PRTC	TLSY	CMDR	MLTM	AFHL	MGIC	UNIT	ARD

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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

MLTM	+ 0.9	CMDR
MGIC	+ 0.87	CMDR
UNIT	+ 0.82	GILT
AFHL	+ 0.78	TLSY
MGIC	+ 0.78	MLTM
PRTC	+ 0.75	GILT

High negative correlations

UNIT	- 0.8	ECP
ECP	- 0.74	GILT
PRTC	- 0.63	ECP
TLSY	- 0.49	ECP
CMDR	- 0.43	PRTC
ARD	- 0.42	AFHL

Risk-Adjusted Indicators

There is a big difference between Qualitau Stock performing well and Qualitau 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 Qualitau'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	2.56	0.21	0.03	0.40	4.56	(2.39)	5.66	(7.79)	25.10
ECP	1.91	(0.09)	0.00	0.57	0.00	0.00	4.34	(4.35)	11.75
PRTC	2.04	0.49	0.18	47.70	2.18	(2.28)	5.18	(3.87)	12.36
TLSY	1.44	0.19	0.08	0.58	1.65	(1.53)	3.26	(2.88)	10.77
CMDR	2.14	(0.62)	0.00	2.40	0.00	0.00	3.38	(8.36)	19.38
MLTM	2.24	(0.74)	0.00	5.48	0.00	0.00	4.30	(7.73)	24.16
AFHL	1.70	0.16	0.06	0.60	1.84	(1.94)	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
UNIT	2.05	(0.11)	0.00	(0.26)	0.00	0.00	5.86	(5.96)	18.78
ARD	1.07	(0.04)	0.00	0.14	0.00	0.00	2.20	(2.48)	7.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in Qualitau 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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