Danel Correlations
| DANE Stock | ILS 40,648 436.22 1.06% |
The current 90-days correlation between Danel and Mivtach Shamir is 0.06 (i.e., Significant diversification). The correlation of Danel 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.
Danel Correlation With Market
Significant diversification
The correlation between Danel and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Danel and DJI in the same portfolio, assuming nothing else is changed.
Danel |
The ability to find closely correlated positions to Danel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danel 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 Danel - 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 Danel to buy it.
Moving together with Danel Stock
| 0.86 | ISCD | Isracard | PairCorr |
| 0.93 | MGDL | Migdal Insurance | PairCorr |
| 0.95 | CLIS | Clal Insurance Enter | PairCorr |
| 0.95 | LUMI | Bank Leumi Le | PairCorr |
| 0.95 | PHOE | Phoenix Holdings | PairCorr |
| 0.97 | DSCT | Israel Discount Bank | PairCorr |
| 0.96 | MZTF | Mizrahi Tefahot | PairCorr |
| 0.95 | DLEKG | Delek Group | PairCorr |
| 0.94 | BEZQ | Bezeq Israeli Teleco | PairCorr |
Moving against Danel Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Danel Stock performing well and Danel 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 Danel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHOM | 1.29 | 0.38 | 0.22 | 1.23 | 1.00 | 3.80 | 9.09 | |||
| ACCL | 1.79 | 0.39 | 0.13 | 1.00 | 2.11 | 5.78 | 18.83 | |||
| MISH | 1.44 | 0.31 | 0.10 | (2.59) | 1.62 | 3.11 | 9.21 | |||
| RANI | 1.75 | 0.54 | 0.25 | 10.88 | 1.28 | 4.14 | 8.47 | |||
| TLSY | 1.86 | 0.13 | (0.02) | (0.02) | 3.90 | 4.96 | 23.69 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Danel 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.Did you try this?
Run Portfolio Rebalancing Now
Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
| All Next | Launch Module |
Danel Corporate Management
Elected by the shareholders, the Danel's board of directors comprises two types of representatives: Danel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Danel. The board's role is to monitor Danel's management team and ensure that shareholders' interests are well served. Danel'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, Danel's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dror Palenbaum | VP of Marketing | Profile | |
| Ilan Israeli | Chief Officer | Profile | |
| Yigal Nachtomi | VP Population | Profile | |
| Eran Mordechay | Chief Division | Profile | |
| Sarit BarOn | VP HR | Profile |