Salomon A Correlations

ANGL Stock

ILS 3,506 82.00 2.29%

The correlation of Salomon A 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.

Salomon A Correlation With Market

Good diversification

The correlation between Salomon A Angel and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salomon A Angel and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Salomon Stock

0.53	GOLD	Gold Bond	Pair Corr
0.52	INBR	Inbar Group Finance	Pair Corr
0.31	NXTG	Nextage Therapeutics	Pair Corr

Related Correlations Analysis

	STRS	BCOM	HLMS	NVMI	PTCH	ISOP-L	PHTM	ILDR	EVGN	CBI
STRS		0.08	0.89	-0.62	0.38	0.38	0.79	0.09	-0.76	0.0	STRS
BCOM	0.08		-0.12	-0.01	0.72	0.01	-0.09	0.89	0.38	0.0	BCOM
HLMS	0.89	-0.12		-0.5	0.24	0.53	0.83	-0.12	-0.86	0.0	HLMS
NVMI	-0.62	-0.01	-0.5		-0.08	-0.3	-0.46	-0.02	0.42	0.0	NVMI
PTCH	0.38	0.72	0.24	-0.08		0.17	0.36	0.77	0.03	0.0	PTCH
ISOP-L	0.38	0.01	0.53	-0.3	0.17		0.55	0.11	-0.59	0.0	ISOP-L
PHTM	0.79	-0.09	0.83	-0.46	0.36	0.55		-0.08	-0.78	0.0	PHTM
ILDR	0.09	0.89	-0.12	-0.02	0.77	0.11	-0.08		0.39	0.0	ILDR
EVGN	-0.76	0.38	-0.86	0.42	0.03	-0.59	-0.78	0.39		0.0	EVGN
CBI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CBI
	STRS	BCOM	HLMS	NVMI	PTCH	ISOP-L	PHTM	ILDR	EVGN	CBI

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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

HLMS	+ 0.89	STRS
ILDR	+ 0.89	BCOM
PHTM	+ 0.83	HLMS
PHTM	+ 0.79	STRS
ILDR	+ 0.77	PTCH
PTCH	+ 0.72	BCOM

High negative correlations

EVGN	- 0.86	HLMS
EVGN	- 0.78	PHTM
EVGN	- 0.76	STRS
NVMI	- 0.62	STRS
EVGN	- 0.59	ISOP-L
NVMI	- 0.5	HLMS

Risk-Adjusted Indicators

There is a big difference between Salomon Stock performing well and Salomon A 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 Salomon A'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
STRS	1.43	0.39	0.16	(3.35)	1.30	(1.64)	3.70	(2.86)	7.10
BCOM	2.02	0.87	0.36	(5.84)	1.30	(2.48)	5.45	(3.10)	16.14
HLMS	1.49	0.31	0.11	14.67	1.39	(1.70)	3.93	(2.37)	9.83
NVMI	2.73	(0.31)	0.00	(0.27)	0.00	0.00	6.35	(6.67)	21.92
PTCH	1.90	0.10	(0.01)	(0.67)	2.37	(2.23)	3.73	(3.40)	14.08
ISOP-L	1.87	(0.04)	0.00	0.16	0.00	0.00	4.50	(5.45)	12.32
PHTM	1.09	0.31	0.11	(1.34)	1.08	(1.21)	2.41	(2.12)	7.08
ILDR	1.61	0.30	0.06	(0.49)	1.90	(2.06)	4.82	(4.49)	11.17
EVGN	3.21	(1.72)	0.00	23.10	0.00	0.00	5.18	(9.43)	30.28
CBI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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

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

Yossi Angel	Chief ABUSA	Profile
Yigal Hyatt	Deputy Director	Profile
Einat Gross	Director Marketing	Profile
Mordechai Hassin	VP Sales	Profile

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