Telsys Correlations

TLSY Stock

ILS 22,730 510.00 2.30%

The current 90-days correlation between Telsys and Computer Direct is 0.33 (i.e., Weak diversification). The correlation of Telsys 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.

Telsys Correlation With Market

Very weak diversification

The correlation between Telsys and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telsys and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Telsys Stock

0.71	LUMI	Bank Leumi Le	Pair Corr
0.61	AZRG	Azrieli Group	Pair Corr
0.65	ESLT	Elbit Systems	Pair Corr
0.68	RATI	Ratio Oil Explorations	Pair Corr
0.73	LEVI	Levinstein Eng	Pair Corr

Related Correlations Analysis

	CMDR	AFHL	ARD	TDRN	ECP	ICON	ALLT	QLTU	RLCO	SHVA
CMDR		0.32	-0.26	-0.46	0.25	0.2	0.3	0.01	-0.04	-0.38	CMDR
AFHL	0.32		-0.45	0.03	-0.21	0.67	0.44	0.71	-0.77	0.34	AFHL
ARD	-0.26	-0.45		0.06	0.25	-0.57	-0.29	-0.5	0.43	-0.37	ARD
TDRN	-0.46	0.03	0.06		-0.36	0.1	0.24	0.28	0.06	0.68	TDRN
ECP	0.25	-0.21	0.25	-0.36		-0.14	-0.48	-0.44	0.13	-0.74	ECP
ICON	0.2	0.67	-0.57	0.1	-0.14		0.1	0.58	-0.53	0.37	ICON
ALLT	0.3	0.44	-0.29	0.24	-0.48	0.1		0.45	-0.21	0.32	ALLT
QLTU	0.01	0.71	-0.5	0.28	-0.44	0.58	0.45		-0.83	0.67	QLTU
RLCO	-0.04	-0.77	0.43	0.06	0.13	-0.53	-0.21	-0.83		-0.34	RLCO
SHVA	-0.38	0.34	-0.37	0.68	-0.74	0.37	0.32	0.67	-0.34		SHVA
	CMDR	AFHL	ARD	TDRN	ECP	ICON	ALLT	QLTU	RLCO	SHVA

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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

QLTU	+ 0.71	AFHL
SHVA	+ 0.68	TDRN
ICON	+ 0.67	AFHL
SHVA	+ 0.67	QLTU
QLTU	+ 0.58	ICON
QLTU	+ 0.45	ALLT

High negative correlations

RLCO	- 0.83	QLTU
RLCO	- 0.77	AFHL
SHVA	- 0.74	ECP
ICON	- 0.57	ARD
RLCO	- 0.53	ICON
QLTU	- 0.5	ARD

Risk-Adjusted Indicators

There is a big difference between Telsys Stock performing well and Telsys 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 Telsys' 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
CMDR	1.98	(0.38)	0.00	1.47	0.00	0.00	3.38	(4.29)	19.38
AFHL	1.73	0.37	0.12	(0.52)	1.83	(1.99)	4.01	(3.27)	12.22
ARD	1.01	(0.05)	0.00	0.20	0.00	0.00	2.20	(2.48)	7.74
TDRN	2.87	0.14	0.03	0.40	2.94	(4.14)	8.02	(5.67)	18.85
ECP	1.99	(0.10)	0.00	(0.50)	0.00	0.00	4.34	(4.35)	11.75
ICON	1.71	0.23	0.07	0.57	1.91	(2.15)	6.82	(3.29)	17.63
ALLT	2.41	0.19	0.05	0.34	2.94	(2.50)	7.12	(5.11)	18.06
QLTU	1.84	0.49	0.18	1.59	1.88	(2.00)	4.18	(4.00)	9.59
RLCO	1.67	(0.27)	0.00	16.58	0.00	0.00	3.67	(4.13)	10.93
SHVA	1.78	0.30	0.10	2.16	1.99	(1.97)	4.15	(4.25)	11.26

Be your own money manager

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

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

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