Trendline Correlations

TREN Stock

615.00 22.60 3.81%

The current 90-days correlation between Trendline and Blender Financial Technologies is 0.06 (i.e., Significant diversification). The correlation of Trendline 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.

Trendline Correlation With Market

Significant diversification

The correlation between Trendline and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trendline and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Trendline Stock

0.65

IGLD

Internet Gold Golden

Pair Corr

Moving against Trendline Stock

0.81	BCOM	B Communications	Pair Corr
0.72	BEZQ	Bezeq Israeli Teleco	Pair Corr
0.67	DSCT	Israel Discount Bank	Pair Corr
0.65	FIBI	First International Bank	Pair Corr
0.61	LUMI	Bank Leumi Le	Pair Corr
0.58	MZTF	Mizrahi Tefahot	Pair Corr
0.56	DLEKG	Delek Group	Pair Corr
0.55	FIBIH	FIBI Holdings	Pair Corr
0.51	PHOE	Phoenix Holdings	Pair Corr
0.4	MISH	Mivtach Shamir	Pair Corr

Related Correlations Analysis

	SPNTC	BLND	MPRS	SCOP	ICL	ORA	POLP
SPNTC		-0.45	0.3	0.28	0.25	0.03	0.21	SPNTC
BLND	-0.45		0.28	-0.87	-0.6	-0.55	-0.79	BLND
MPRS	0.3	0.28		-0.33	-0.07	-0.64	-0.21	MPRS
SCOP	0.28	-0.87	-0.33		0.6	0.67	0.85	SCOP
ICL	0.25	-0.6	-0.07	0.6		0.32	0.6	ICL
ORA	0.03	-0.55	-0.64	0.67	0.32		0.41	ORA
POLP	0.21	-0.79	-0.21	0.85	0.6	0.41		POLP
	SPNTC	BLND	MPRS	SCOP	ICL	ORA	POLP

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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

POLP	+ 0.85	SCOP
ORA	+ 0.67	SCOP
ICL	+ 0.6	SCOP
POLP	+ 0.6	ICL
POLP	+ 0.41	ORA
ORA	+ 0.32	ICL

High negative correlations

SCOP	- 0.87	BLND
POLP	- 0.79	BLND
ORA	- 0.64	MPRS
ICL	- 0.6	BLND
ORA	- 0.55	BLND
BLND	- 0.45	SPNTC

Risk-Adjusted Indicators

There is a big difference between Trendline Stock performing well and Trendline 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 Trendline'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	2.24	(0.29)	0.00	(0.29)	0.00	0.00	4.10	(4.26)	22.77
BLND	1.82	(0.23)	0.00	1.82	0.00	0.00	3.46	(6.15)	22.27
MPRS	0.84	(0.14)	0.00	(0.19)	0.00	0.00	3.81	(3.19)	9.91
SCOP	1.80	0.31	0.09	(4.37)	1.82	(2.05)	3.93	(3.45)	11.65
ICL	1.91	(0.11)	(0.05)	0.00	2.17	(2.19)	5.55	(3.18)	11.77
ORA	1.05	0.11	(0.02)	(0.29)	1.43	(1.08)	2.04	(2.00)	6.36
POLP	1.26	0.34	0.19	9.77	0.93	(1.63)	2.70	(2.01)	7.42

Be your own money manager

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

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

Aibi Meir	Deputy Officer	Profile
Anat Maor	VP Accounts	Profile
Guy Mimno	VP Accounts	Profile
Shalom Muskal	VP Marketing	Profile
Ilan Omidi	Chief Officer	Profile
Shai Magal	G Mang	Profile
Alon Kogan	VP Technologies	Profile

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