Ram On Correlations

RMN Stock

ILS 1,418 12.00 0.85%

The current 90-days correlation between Ram On Investments and Neto ME Holdings is 0.27 (i.e., Modest diversification). The correlation of Ram On 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.

Ram On Correlation With Market

Good diversification

The correlation between Ram On Investments and and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ram On Investments and and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ram Stock

0.79	GOLD	Gold Bond	Pair Corr
0.84	OVRS	Overseas Commerce	Pair Corr
0.66	INBR	Inbar Group Finance	Pair Corr

Moving against Ram Stock

0.87	PLAZ-L	Plaza Centers NV	Pair Corr
0.49	BIGT	Big Tech 50	Pair Corr

Related Correlations Analysis

	NTO	ARYT	KRUR	GLRS	SCOP
NTO		0.86	0.75	0.89	0.77	NTO
ARYT	0.86		0.58	0.78	0.77	ARYT
KRUR	0.75	0.58		0.74	0.48	KRUR
GLRS	0.89	0.78	0.74		0.79	GLRS
SCOP	0.77	0.77	0.48	0.79		SCOP
	NTO	ARYT	KRUR	GLRS	SCOP

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Risk-Adjusted Indicators

There is a big difference between Ram Stock performing well and Ram On 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 Ram On'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
NTO	1.12	0.45	0.24	(2.83)	0.95	(1.33)	3.31	(1.86)	8.76
ARYT	3.22	0.30	0.17	0.22	2.37	(5.15)	7.40	(4.67)	33.18
KRUR	0.98	0.18	0.05	28.10	1.20	(1.08)	2.30	(1.76)	7.80
GLRS	0.84	0.10	0.02	0.42	0.98	(0.92)	2.35	(1.54)	6.55
SCOP	1.73	0.27	0.08	(1.78)	1.77	(1.99)	3.61	(3.45)	11.65

Be your own money manager

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