Tefron Correlations

TFRLF Stock

ILS 1,504 11.00 0.74%

The current 90-days correlation between Tefron and Golf Co Group is 0.17 (i.e., Average diversification). The correlation of Tefron 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Tefron Correlation With Market

Good diversification

The correlation between Tefron and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tefron and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tefron Stock

0.87	FOX	Fox Wizel	Pair Corr
0.81	IGLD	Internet Gold Golden	Pair Corr

Moving against Tefron Stock

0.89	TPGM	Top Gum Industries	Pair Corr
0.82	MTRX	Matrix	Pair Corr
0.8	IBI	IBI Inv House	Pair Corr
0.77	FIBIH	FIBI Holdings	Pair Corr
0.72	DSCT	Israel Discount Bank	Pair Corr
0.72	LUZN	Amos Luzon Development	Pair Corr
0.71	LUMI	Bank Leumi Le	Pair Corr
0.71	FIBI	First International Bank	Pair Corr
0.69	CEL	Cellcom Israel	Pair Corr
0.66	MZTF	Mizrahi Tefahot	Pair Corr
0.55	PHOE	Phoenix Holdings	Pair Corr
0.53	BRKT	Bareket Capital	Pair Corr
0.53	BLGO	Buligo Capital	Pair Corr
0.51	ONE	One Software Technologies	Pair Corr
0.49	LPHL-L	Lapidoth Heletz	Pair Corr
0.41	BEZQ	Bezeq Israeli Teleco	Pair Corr
0.37	BRIN	Brainsway	Pair Corr
0.77	PZOL	Paz Oil	Pair Corr
0.74	ORAD	Orad M	Pair Corr
0.72	STCM	Satcom Systems	Pair Corr
0.72	PMNT	Payment Financial	Pair Corr
0.71	NTO	Neto ME Holdings	Pair Corr
0.63	IDIN	IDI Insurance	Pair Corr
0.6	ENLT	Enlight Renewable Energy	Pair Corr
0.55	SHNP	Schnapp	Pair Corr
0.54	SOLR	Solaer Israel	Pair Corr
0.54	CSURE	Cannassure Therapeutics	Pair Corr
0.53	CRMT	Carmit	Pair Corr

Related Correlations Analysis

	SPNTC	GOLF	MRG	TGI	MSBI	QNCO	GNGR	SHNP	AVGL	RVL
SPNTC		0.29	-0.3	-0.48	-0.41	-0.37	0.18	0.58	-0.32	0.44	SPNTC
GOLF	0.29		-0.05	-0.17	-0.5	-0.53	0.31	0.53	-0.19	0.61	GOLF
MRG	-0.3	-0.05		0.64	0.21	-0.12	0.36	-0.11	0.76	-0.08	MRG
TGI	-0.48	-0.17	0.64		0.55	-0.02	0.4	-0.35	0.7	-0.35	TGI
MSBI	-0.41	-0.5	0.21	0.55		0.44	-0.01	-0.68	0.56	-0.76	MSBI
QNCO	-0.37	-0.53	-0.12	-0.02	0.44		-0.5	-0.77	-0.03	-0.69	QNCO
GNGR	0.18	0.31	0.36	0.4	-0.01	-0.5		0.21	0.35	0.04	GNGR
SHNP	0.58	0.53	-0.11	-0.35	-0.68	-0.77	0.21		-0.25	0.78	SHNP
AVGL	-0.32	-0.19	0.76	0.7	0.56	-0.03	0.35	-0.25		-0.29	AVGL
RVL	0.44	0.61	-0.08	-0.35	-0.76	-0.69	0.04	0.78	-0.29		RVL
	SPNTC	GOLF	MRG	TGI	MSBI	QNCO	GNGR	SHNP	AVGL	RVL

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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

RVL	+ 0.78	SHNP
AVGL	+ 0.76	MRG
AVGL	+ 0.7	TGI
TGI	+ 0.64	MRG
RVL	+ 0.61	GOLF
SHNP	+ 0.58	SPNTC

High negative correlations

SHNP	- 0.77	QNCO
RVL	- 0.76	MSBI
RVL	- 0.69	QNCO
SHNP	- 0.68	MSBI
QNCO	- 0.53	GOLF
GNGR	- 0.5	QNCO

Risk-Adjusted Indicators

There is a big difference between Tefron Stock performing well and Tefron 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 Tefron'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
SPNTC	2.15	0.07	0.01	0.30	2.24	(2.53)	6.59	(3.95)	15.74
GOLF	1.43	0.01	(0.03)	0.10	1.68	(1.60)	3.29	(2.58)	7.62
MRG	1.26	(0.34)	0.00	(1.61)	0.00	0.00	3.00	(4.49)	10.68
TGI	1.09	(0.13)	0.00	(1.07)	0.00	0.00	2.00	(3.83)	6.84
MSBI	1.10	(0.13)	0.00	(2.11)	0.00	0.00	2.57	(2.68)	6.01
QNCO	1.63	(0.03)	0.00	(0.13)	0.00	0.00	4.77	(4.53)	12.42
GNGR	0.89	(0.02)	(0.08)	(0.03)	1.14	(1.14)	2.10	(1.73)	6.15
SHNP	1.20	0.11	0.01	(1.73)	1.59	(1.31)	2.74	(2.91)	7.66
AVGL	1.10	(0.14)	0.00	2.31	0.00	0.00	2.34	(2.52)	5.24
RVL	1.59	0.29	0.11	(2.60)	1.58	(1.84)	4.00	(2.83)	11.35

Be your own money manager

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

Elected by the shareholders, the Tefron's board of directors comprises two types of representatives: Tefron inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tefron. The board's role is to monitor Tefron's management team and ensure that shareholders' interests are well served. Tefron'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, Tefron's outside directors are responsible for providing unbiased perspectives on the board's policies.

Gregory Dodson	Chief Officer	Profile
Osnat Kaplan	VP Innovation	Profile
Michael Goldenblatt	I USA	Profile
Ben Lieberman	CEO Director	Profile

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