Retailors Correlations
| RTLS Stock | 3,854 85.00 2.26% |
The current 90-days correlation between Retailors and Rotshtein is 0.19 (i.e., Average diversification). The correlation of Retailors 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.
Retailors Correlation With Market
Pay attention - limited upside
The correlation between Retailors and DJI is -0.86 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Retailors and DJI in the same portfolio, assuming nothing else is changed.
Retailors |
The ability to find closely correlated positions to Retailors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Retailors 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 Retailors - 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 Retailors to buy it.
Moving together with Retailors Stock
Moving against Retailors Stock
| 0.86 | ILDR | Israel Land Development | PairCorr |
| 0.81 | ENLT | Enlight Renewable Energy | PairCorr |
| 0.8 | RMLI | Rami Levi | PairCorr |
| 0.78 | DSCT | Israel Discount Bank | PairCorr |
| 0.77 | AMDA | Almeda Ventures | PairCorr |
| 0.76 | LUMI | Bank Leumi Le | PairCorr |
| 0.74 | PMNT | Payment Financial | PairCorr |
| 0.72 | AFHL | Afcon Holdings | PairCorr |
| 0.72 | MAXO | Max Stock | PairCorr |
| 0.72 | ARAN | Aran Research | PairCorr |
| 0.71 | MZTF | Mizrahi Tefahot Earnings Call This Week | PairCorr |
| 0.71 | MISH | Mivtach Shamir | PairCorr |
| 0.7 | CLIS | Clal Insurance Enter | PairCorr |
| 0.69 | ASHO | Ashot Ashkelon Industries | PairCorr |
| 0.68 | ESLT | Elbit Systems | PairCorr |
| 0.63 | NERZ | New Horizon Group | PairCorr |
| 0.62 | ELCRE | Electra Real Estate | PairCorr |
| 0.61 | AZRG | Azrieli Group | PairCorr |
| 0.59 | TATT | TAT Technologies | PairCorr |
| 0.56 | SHVA | Automatic Bank Services | PairCorr |
| 0.52 | RATI | Ratio Oil Explorations | PairCorr |
| 0.51 | ORA | Ormat Technologies Earnings Call This Week | PairCorr |
| 0.47 | HGG | Hagag Group | PairCorr |
| 0.46 | BYSD | Bayside Land | PairCorr |
| 0.35 | ALHE | Alony Hetz Properties | PairCorr |
| 0.82 | DRAL | Dor Alon | PairCorr |
| 0.82 | IBITEC-F | IBI Mutual Funds | PairCorr |
| 0.81 | FIBI | First International Bank | PairCorr |
| 0.81 | NTO | Neto ME Holdings | PairCorr |
| 0.8 | BEZQ | Bezeq Israeli Teleco | PairCorr |
| 0.8 | TRPZ | Turpaz Industries | PairCorr |
| 0.77 | QLTU | Qualitau | PairCorr |
| 0.75 | HGGE | Hagag Europe Development | PairCorr |
| 0.74 | ORIN | Orian ShM | PairCorr |
| 0.73 | ELLO | Ellomay Capital | PairCorr |
| 0.72 | HARL | Harel Insurance Inve | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Retailors Stock performing well and Retailors 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 Retailors' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DLTI | 2.28 | 0.11 | 0.01 | (0.30) | 4.00 | 4.07 | 21.83 | |||
| DLEA | 1.67 | (0.35) | 0.00 | 7.72 | 0.00 | 3.02 | 10.30 | |||
| MAXO | 1.74 | 0.39 | 0.17 | 3.73 | 1.49 | 4.58 | 11.62 | |||
| CAST | 2.25 | (0.89) | 0.00 | (3.19) | 0.00 | 3.85 | 14.61 | |||
| ISTA | 1.60 | 0.12 | 0.06 | 0.37 | 1.31 | 4.61 | 8.96 | |||
| DUNI | 1.49 | (0.01) | (0.01) | 0.05 | 2.03 | 2.34 | 19.68 | |||
| FOX | 1.80 | (0.39) | 0.00 | 2.17 | 0.00 | 3.19 | 13.53 | |||
| TRX | 1.79 | 0.15 | 0.04 | 0.38 | 2.15 | 4.77 | 22.90 | |||
| ROTS | 1.65 | 0.06 | 0.00 | 0.50 | 2.01 | 4.37 | 11.64 |
Retailors Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Retailors stock to make a market-neutral strategy. Peer analysis of Retailors could also be used in its relative valuation, which is a method of valuing Retailors by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |