Aviation Links Correlations

Stocks . Israel . 
Stock . Aviation Links
AVIA Stock   1,648  0.00  0.00%   
The current 90-days correlation between Aviation Links and Bank Leumi Le Israel is -0.08 (i.e., Good diversification). The correlation of Aviation Links 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.

Aviation Links Correlation With Market

Modest diversification

The correlation between Aviation Links and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aviation Links and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Aviation Links could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aviation Links 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 Aviation Links - 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 Aviation Links to buy it.

Moving together with Aviation Stock

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  0.81INBR Inbar Group FinancePairCorr
  0.72KDST KadimastemPairCorr
  0.73OVRS Overseas Commerce Earnings Call This WeekPairCorr
  0.82ISRS Isras InvestmentPairCorr
  0.76CDEV Cohen DevPairCorr
  0.88QNCO Queenco LPairCorr
  0.83RLCO Ralco AgenciesPairCorr
  0.71RIMO RimoniPairCorr
  0.84SKBN Shikun BinuiPairCorr
  0.84SCOP Scope Metals GroupPairCorr
  0.75KLIL Klil IndustriesPairCorr
  0.86PHOE Phoenix HoldingsPairCorr
  0.82ELCO ElcoPairCorr
  0.83DLEKG Delek GroupPairCorr
  0.8BRND Brand GroupPairCorr
  0.84TMRP Tamar PetroleumPairCorr
  0.77SEFA Nala Digital CommercePairCorr
  0.87MGDL Migdal InsurancePairCorr
  0.83MZTF Mizrahi TefahotPairCorr
  0.74FBRT FMS Enterprises MigunPairCorr
  0.76ALHE Alony Hetz PropertiesPairCorr
  0.84LUMI Bank Leumi LePairCorr
  0.85CMDR Computer DirectPairCorr

Moving against Aviation Stock

  0.81GLTC Galileo TechPairCorr
  0.79IGLD Internet Gold GoldenPairCorr
  0.76BTX Lineage Cell TherapeuticsPairCorr
  0.74CGEN CompugenPairCorr
  0.57APLP Apollo PowerPairCorr
  0.37EFNC Erech Finance CahalachaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aviation Stock performing well and Aviation Links 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 Aviation Links' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LUMI  1.18  0.37  0.22  20.84  1.12 
(1.30)
 2.55 
(2.11)
 5.36 
MZTF  1.12  0.28  0.21 (2.16) 0.90 
(1.40)
 2.77 
(1.86)
 5.51 
NSTR  2.04  0.57  0.26  8.43  1.65 
(2.47)
 4.91 
(2.85)
 16.81 
GZT  1.68  0.25  0.09  16.06  2.18 
(2.05)
 4.56 
(3.10)
 16.98 
ALHE  1.74  0.26  0.11 (0.98) 1.72 
(1.89)
 5.06 
(2.93)
 13.47 
DLEKG  1.33  0.39  0.25  3.11  0.98 
(1.48)
 3.96 
(1.65)
 10.43 
AZRG  1.47  0.37  0.21 (1.08) 1.29 
(1.86)
 3.76 
(2.53)
 9.70 
BIG  1.21  0.49  0.36 (7.33) 0.77 
(1.49)
 3.36 
(1.87)
 6.98 
DSCT  1.29  0.39  0.24  8.52  1.16 
(1.46)
 2.59 
(2.44)
 7.16 
MLSR  1.11  0.31  0.19 (1.39) 0.94 
(1.28)
 3.36 
(1.77)
 6.80 

Be your own money manager

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

Elected by the shareholders, the Aviation Links' board of directors comprises two types of representatives: Aviation Links inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aviation. The board's role is to monitor Aviation Links' management team and ensure that shareholders' interests are well served. Aviation Links' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aviation Links' outside directors are responsible for providing unbiased perspectives on the board's policies.
Aviram RazVP of TradingProfile
Yoram MotaaiChief OfficerProfile
Amit ZeldmanChief OfficerProfile
Uri SchnabelChief LtdProfile
Erez ArtziVP OperationsProfile
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