Satcom Systems Correlations
| STCM Stock | ILS 78.80 0.10 0.13% |
The current 90-days correlation between Satcom Systems and Aura Investments is 0.22 (i.e., Modest diversification). The correlation of Satcom Systems 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.
Satcom Systems Correlation With Market
Modest diversification
The correlation between Satcom Systems and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Satcom Systems and DJI in the same portfolio, assuming nothing else is changed.
Satcom |
The ability to find closely correlated positions to Satcom Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Satcom Systems 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 Satcom Systems - 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 Satcom Systems to buy it.
Moving together with Satcom Stock
| 0.83 | LUMI | Bank Leumi Le | PairCorr |
| 0.77 | MZTF | Mizrahi Tefahot | PairCorr |
| 0.82 | DLEKG | Delek Group | PairCorr |
| 0.85 | AZRG | Azrieli Group | PairCorr |
| 0.9 | BIG | Big Shopping Centers | PairCorr |
| 0.83 | DSCT | Israel Discount Bank | PairCorr |
| 0.79 | MLSR | Melisron | PairCorr |
| 0.86 | ANLT | Analyst IMS Investment | PairCorr |
| 0.83 | MNIF | Menif Financial Services | PairCorr |
| 0.8 | ROBO | Robogroup | PairCorr |
| 0.77 | CPTP | Capital Point | PairCorr |
| 0.74 | SAE | Shufersal | PairCorr |
| 0.86 | ORBI | Orbit Technologies | PairCorr |
| 0.65 | IDNT | Identi Healthcare | PairCorr |
| 0.84 | WLFD | Willy Food | PairCorr |
| 0.87 | LBRA | Libra Insurance | PairCorr |
| 0.84 | FIBI | First International Bank | PairCorr |
| 0.77 | ICL | ICL Israel Chemicals | PairCorr |
| 0.73 | ARNA | Arena Star Group | PairCorr |
| 0.7 | TSEM | Tower Semiconductor | PairCorr |
| 0.79 | STEC | Sure Tech Investments | PairCorr |
| 0.73 | KLIL | Klil Industries | PairCorr |
| 0.63 | AMRK | Amir Marketing | PairCorr |
| 0.76 | ISRS | Isras Investment | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Satcom Stock performing well and Satcom Systems 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 Satcom Systems' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ICL | 1.94 | 0.48 | 0.20 | 5.56 | 1.67 | 4.75 | 11.77 | |||
| HRON | 0.90 | 0.31 | 0.14 | (7.85) | 0.52 | 2.72 | 7.68 | |||
| AURA | 1.88 | 0.51 | 0.26 | 1.19 | 1.40 | 5.07 | 9.00 | |||
| ADGR | 1.22 | 0.25 | 0.09 | (0.79) | 1.34 | 2.76 | 9.99 | |||
| OPK | 2.48 | (0.06) | 0.00 | (0.03) | 0.00 | 6.36 | 16.61 | |||
| STEC | 2.00 | 0.43 | 0.11 | 1.00 | 1.93 | 5.35 | 17.00 | |||
| TSEM | 1.88 | 0.03 | 0.00 | 0.15 | 2.53 | 3.47 | 17.69 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Satcom Systems 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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Portfolio VolatilityCheck portfolio volatility and analyze historical return density to properly model market risk |
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Satcom Systems Corporate Management
Elected by the shareholders, the Satcom Systems' board of directors comprises two types of representatives: Satcom Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Satcom. The board's role is to monitor Satcom Systems' management team and ensure that shareholders' interests are well served. Satcom Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Satcom Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eitan Mesika | VP Sales | Profile | |
| Asaf Rosenheck | Chief Officer | Profile | |
| Advocate Barlev | Ex Chairman | Profile | |
| Tzachit Smaga | VP HR | Profile | |
| Dan Kamhi | VP Devel | Profile |