Rapac Communication Correlations
| RPAC Stock | ILS 8,839 382.00 4.52% |
The current 90-days correlation between Rapac Communication and Automatic Bank Services is 0.25 (i.e., Modest diversification). The correlation of Rapac Communication 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.
Rapac Communication Correlation With Market
Very poor diversification
The correlation between Rapac Communication Infrastruc and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rapac Communication Infrastruc and DJI in the same portfolio, assuming nothing else is changed.
Rapac |
The ability to find closely correlated positions to Rapac Communication could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rapac Communication 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 Rapac Communication - 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 Rapac Communication Infrastructure to buy it.
Moving together with Rapac Stock
| 0.84 | MGDL | Migdal Insurance | PairCorr |
| 0.84 | LUMI | Bank Leumi Le | PairCorr |
| 0.76 | FIBI | First International Bank | PairCorr |
| 0.74 | DSCT | Israel Discount Bank | PairCorr |
| 0.61 | HARL | Harel Insurance Inve | PairCorr |
| 0.76 | ISHI | Israel Shipyards | PairCorr |
| 0.76 | SHVA | Automatic Bank Services | PairCorr |
| 0.8 | ORTC | ORT | PairCorr |
| 0.79 | MEDN | Mehadrin | PairCorr |
| 0.7 | ORIN | Orian ShM | PairCorr |
| 0.77 | AMD | Amiad Water Systems | PairCorr |
| 0.84 | TRX | Terminal X Online | PairCorr |
| 0.9 | TATT | TAT Technologies | PairCorr |
| 0.81 | AMDA | Almeda Ventures | PairCorr |
| 0.9 | ASHO | Ashot Ashkelon Industries | PairCorr |
| 0.74 | ALHE | Alony Hetz Properties | PairCorr |
| 0.91 | QLTU | Qualitau | PairCorr |
| 0.7 | BYSD | Bayside Land | PairCorr |
| 0.81 | HGG | Hagag Group | PairCorr |
| 0.81 | AFHL | Afcon Holdings | PairCorr |
| 0.77 | PZOL | Paz Oil | PairCorr |
| 0.77 | NERZ | New Horizon Group | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Rapac Stock performing well and Rapac Communication 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 Rapac Communication'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AUDC | 1.61 | (0.53) | 0.00 | 2.74 | 0.00 | 2.13 | 16.22 | |||
| SHVA | 1.75 | 0.24 | 0.09 | (1.39) | 2.05 | 3.34 | 11.26 | |||
| HIPR | 1.61 | 0.36 | 0.20 | (1.10) | 1.27 | 3.44 | 20.90 | |||
| PCBT | 2.15 | 0.33 | 0.11 | 5.66 | 2.35 | 4.70 | 19.68 | |||
| CMER | 1.90 | 0.76 | 0.37 | 3.42 | 1.34 | 5.79 | 21.60 | |||
| ARD | 1.06 | (0.06) | 0.00 | (0.28) | 0.00 | 2.20 | 7.74 | |||
| EMCO | 1.31 | (0.27) | 0.00 | (2.03) | 0.00 | 1.88 | 9.86 | |||
| ABRA | 1.57 | (0.24) | 0.00 | (3.89) | 0.00 | 2.37 | 23.18 | |||
| AFHL | 1.76 | 0.19 | 0.09 | 0.38 | 1.84 | 4.01 | 12.22 | |||
| ININ | 2.07 | 0.45 | 0.16 | (0.64) | 2.06 | 6.56 | 16.77 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Rapac Communication 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.Did you try this?
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Rapac Communication Corporate Management
Elected by the shareholders, the Rapac Communication's board of directors comprises two types of representatives: Rapac Communication inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Rapac. The board's role is to monitor Rapac Communication's management team and ensure that shareholders' interests are well served. Rapac Communication'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, Rapac Communication's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Asher Shimol | CoCEO Elmore | Profile | |
| Haim Mazuz | CFO Sec | Profile | |
| Hadar Levin | Deputy Energy | Profile | |
| Benny Sarig | Chief Engineers | Profile |