Utron Correlations

UTRN Stock

510.10 10.60 2.12%

The current 90-days correlation between Utron and Orad M is 0.22 (i.e., Modest diversification). The correlation of Utron 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.

Utron Correlation With Market

Average diversification

The correlation between Utron and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Utron and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Utron Stock

0.69	SHVA	Automatic Bank Services	Pair Corr
0.74	IGLD	Internet Gold Golden	Pair Corr

Moving against Utron Stock

0.76	KEN	Kenon Holdings	Pair Corr
0.74	DIFI	Direct Finance TA	Pair Corr
0.73	NTO	Neto ME Holdings	Pair Corr
0.7	MTDS	Meitav Dash Investments	Pair Corr
0.68	LUZN	Amos Luzon Development	Pair Corr
0.65	PMNT	Payment Financial	Pair Corr
0.64	DLEKG	Delek Group	Pair Corr
0.64	TPGM	Top Gum Industries	Pair Corr
0.64	ONE	One Software Technologies	Pair Corr
0.62	ARAD	Arad Investment Indu	Pair Corr
0.62	CEL	Cellcom Israel	Pair Corr
0.61	IBI	IBI Inv House	Pair Corr
0.61	YHNF	M Yochananof	Pair Corr
0.57	BLGO	Buligo Capital	Pair Corr
0.49	GAGR	Gaon Group	Pair Corr
0.42	ISRS	Isras Investment	Pair Corr
0.41	ELTR	Electra Split	Pair Corr
0.39	PTBL	Propert Buil	Pair Corr
0.34	CSURE	Cannassure Therapeutics	Pair Corr

Related Correlations Analysis

	ORAD	ININ	SNEL	PMVM	LPSN	TECT	CLAB	RZR	PHTM	G107
ORAD		0.21	-0.69	0.14	0.04	-0.76	0.44	0.35	-0.79	0.74	ORAD
ININ	0.21		-0.1	0.05	-0.03	-0.12	-0.04	0.46	-0.05	0.29	ININ
SNEL	-0.69	-0.1		0.0	-0.25	0.82	-0.57	0.0	0.54	-0.67	SNEL
PMVM	0.14	0.05	0.0		-0.43	0.2	-0.09	0.59	-0.18	0.23	PMVM
LPSN	0.04	-0.03	-0.25	-0.43		-0.19	-0.01	-0.28	0.19	-0.11	LPSN
TECT	-0.76	-0.12	0.82	0.2	-0.19		-0.49	-0.02	0.54	-0.61	TECT
CLAB	0.44	-0.04	-0.57	-0.09	-0.01	-0.49		-0.09	-0.39	0.54	CLAB
RZR	0.35	0.46	0.0	0.59	-0.28	-0.02	-0.09		-0.27	0.27	RZR
PHTM	-0.79	-0.05	0.54	-0.18	0.19	0.54	-0.39	-0.27		-0.6	PHTM
G107	0.74	0.29	-0.67	0.23	-0.11	-0.61	0.54	0.27	-0.6		G107
	ORAD	ININ	SNEL	PMVM	LPSN	TECT	CLAB	RZR	PHTM	G107

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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

TECT	+ 0.82	SNEL
G107	+ 0.74	ORAD
RZR	+ 0.59	PMVM
PHTM	+ 0.54	SNEL
PHTM	+ 0.54	TECT
G107	+ 0.54	CLAB

High negative correlations

PHTM	- 0.79	ORAD
TECT	- 0.76	ORAD
SNEL	- 0.69	ORAD
G107	- 0.67	SNEL
G107	- 0.61	TECT
G107	- 0.6	PHTM

Risk-Adjusted Indicators

There is a big difference between Utron Stock performing well and Utron 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 Utron'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
ORAD	2.14	0.39	0.15	0.36	2.34	(2.38)	6.98	(4.24)	13.29
ININ	1.58	0.09	0.01	21.73	1.58	(2.10)	3.98	(2.67)	11.96
SNEL	1.63	(0.34)	0.00	(0.25)	0.00	0.00	3.11	(4.81)	20.98
PMVM	2.46	(0.01)	(0.02)	0.47	2.97	(3.13)	6.25	(5.62)	24.13
LPSN	41.88	18.83	2.86	2.26	2.89	(63.75)	5.96	(11.37)	1,421
TECT	2.43	(0.14)	0.00	2.43	0.00	0.00	6.07	(4.72)	17.09
CLAB	1.35	0.10	0.00	(0.11)	1.80	(1.77)	2.83	(3.69)	17.19
RZR	3.20	0.40	0.14	0.23	2.97	(4.30)	5.60	(5.89)	46.58
PHTM	1.21	(0.14)	0.00	(0.24)	0.00	0.00	2.62	(2.89)	14.59
G107	3.78	0.28	0.05	0.47	4.06	(4.80)	11.33	(7.65)	31.31

Be your own money manager

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

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

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