Almogim Holdings Correlations

Stocks . Israel . 
Stock . Almogim Holdings
ALMA Stock  ILA 1,105  3.00  0.27%   
The current 90-days correlation between Almogim Holdings and Sofwave Medical is 0.05 (i.e., Significant diversification). The correlation of Almogim Holdings 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.

Almogim Holdings Correlation With Market

Good diversification

The correlation between Almogim Holdings and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Almogim Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Almogim Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Almogim Holdings 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 Almogim Holdings - 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 Almogim Holdings to buy it.

Moving together with Almogim Stock

  0.93ROTS RotshteinPairCorr
  0.9PZOL Paz OilPairCorr
  0.94FIBI First International BankPairCorr
  0.76PTBL Propert BuilPairCorr
  0.9EXPO Export InvPairCorr
  0.98MMHD Menora Miv HldPairCorr
  0.97PHOE Phoenix HoldingsPairCorr
  0.89MZTF Mizrahi TefahotPairCorr
  0.89DLEKG Delek GroupPairCorr
  0.98AYAL Ayalon HoldingsPairCorr
  0.95GLPL Golan PlasticPairCorr
  0.97INRM Inrom ConstructionPairCorr
  0.62ASHO Ashot Ashkelon IndustriesPairCorr
  0.96ASHG Ashtrom GroupPairCorr
  0.81ALBA Al Bad MassuotPairCorr
  0.96MTDS Meitav Dash InvestmentsPairCorr
  0.88ILCO Israel CorpPairCorr
  0.95LUMI Bank Leumi LePairCorr
  0.94BCOM B CommunicationsPairCorr
  0.95DSCT Israel Discount BankPairCorr
  0.95ELTR ElectraPairCorr
  0.96RIT1 Reit 1PairCorr
  0.75BRAM Bram IndusPairCorr
  0.74QLTU QualitauPairCorr
  0.9ISRA Isramco Negev 2PairCorr
  0.94FOX Fox WizelPairCorr
  0.96DNYA Danya CebusPairCorr
  0.77IMCO IMCO IndustriesPairCorr
  0.63IBITEC-F IBI Mutual FundsPairCorr
  0.84AZRG Azrieli GroupPairCorr
  0.91OVRS Overseas Commerce Earnings Call This WeekPairCorr
  0.93BRAN Baran GroupPairCorr
  0.83SHNP SchnappPairCorr
  0.82AVGL Avgol Industries 1953PairCorr

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   
CMDR
+ 0.99
ONE
ONE
+ 0.94
MGDL
CMDR
+ 0.91
MGDL
CMDR
+ 0.9
SNCM
ONE
+ 0.87
SNCM
SNCM
+ 0.78
MGDL
  
High negative correlations   
CMDR
- 0.78
IMED
ONE
- 0.77
IMED
IMED
- 0.67
MGDL
SNCM
- 0.66
IMED
MGIC
- 0.62
IARG
MGIC
- 0.56
IMED

Risk-Adjusted Indicators

There is a big difference between Almogim Stock performing well and Almogim Holdings 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 Almogim Holdings' 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.

Be your own money manager

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

Elected by the shareholders, the Almogim Holdings' board of directors comprises two types of representatives: Almogim Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Almogim. The board's role is to monitor Almogim Holdings' management team and ensure that shareholders' interests are well served. Almogim Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Almogim Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
Jacob CronzilberVP ExecutionProfile
Mario ZuzelFounder ChairmanProfile
Noy MoshiachVP RenewalProfile
Tal ShilohLegal CounselProfile
Michal GorGM CEOProfile
Ami BarMashiahFounder ChairmanProfile
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