RSL Electronics Correlations

RSEL Stock

ILS 777.00 7.00 0.91%

The current 90-days correlation between RSL Electronics and Petrochemical is 0.26 (i.e., Modest diversification). The correlation of RSL Electronics 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.

RSL Electronics Correlation With Market

Average diversification

The correlation between RSL Electronics and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RSL Electronics and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against RSL Stock

0.54

CNZN

Canzon Israel

Pair Corr

Related Correlations Analysis

	ORA	MRG	NVMI	BCOM	HLMS	PTCH	ISOP-L	PHTM	ILDR
ORA		0.84	-0.6	0.67	0.76	0.7	0.45	0.86	0.4	ORA
MRG	0.84		-0.57	0.76	0.91	0.86	0.69	0.95	0.43	MRG
NVMI	-0.6	-0.57		-0.61	-0.5	-0.41	-0.34	-0.46	-0.35	NVMI
BCOM	0.67	0.76	-0.61		0.78	0.65	0.29	0.66	0.73	BCOM
HLMS	0.76	0.91	-0.5	0.78		0.89	0.71	0.83	0.4	HLMS
PTCH	0.7	0.86	-0.41	0.65	0.89		0.75	0.82	0.3	PTCH
ISOP-L	0.45	0.69	-0.34	0.29	0.71	0.75		0.62	-0.15	ISOP-L
PHTM	0.86	0.95	-0.46	0.66	0.83	0.82	0.62		0.37	PHTM
ILDR	0.4	0.43	-0.35	0.73	0.4	0.3	-0.15	0.37		ILDR
	ORA	MRG	NVMI	BCOM	HLMS	PTCH	ISOP-L	PHTM	ILDR

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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

PHTM	+ 0.95	MRG
HLMS	+ 0.91	MRG
PTCH	+ 0.89	HLMS
PHTM	+ 0.86	ORA
PTCH	+ 0.86	MRG
MRG	+ 0.84	ORA

High negative correlations

BCOM	- 0.61	NVMI
NVMI	- 0.6	ORA
NVMI	- 0.57	MRG
HLMS	- 0.5	NVMI
PHTM	- 0.46	NVMI
PTCH	- 0.41	NVMI

Risk-Adjusted Indicators

There is a big difference between RSL Stock performing well and RSL Electronics 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 RSL Electronics' 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
ORA	1.05	0.09	0.00	0.49	1.43	(1.09)	2.04	(2.00)	6.36
MRG	2.56	1.30	0.46	3.68	1.41	(3.15)	9.43	(3.14)	18.83
NVMI	2.73	(0.19)	0.00	1.04	0.00	0.00	6.35	(6.67)	21.92
BCOM	1.83	0.48	0.16	(2.66)	1.56	(2.10)	4.90	(3.10)	16.14
HLMS	1.49	0.28	0.11	1.07	1.39	(1.70)	3.93	(2.37)	9.83
PTCH	2.04	0.33	0.06	(1.99)	2.76	(2.29)	5.20	(3.40)	17.02
ISOP-L	2.00	0.30	0.04	(0.46)	2.39	(2.45)	5.05	(5.33)	17.11
PHTM	1.09	0.29	0.11	(35.19)	1.08	(1.21)	2.41	(2.12)	7.08
ILDR	1.69	0.09	(0.03)	(0.21)	2.15	(2.06)	4.82	(4.49)	11.17

Be your own money manager

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

Elected by the shareholders, the RSL Electronics' board of directors comprises two types of representatives: RSL Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RSL. The board's role is to monitor RSL Electronics' management team and ensure that shareholders' interests are well served. RSL Electronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, RSL Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.

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