Danya Cebus Correlations

Stocks . Israel . 
Stock . Danya Cebus
DNYA Stock   11,960  70.00  0.58%   
The current 90-days correlation between Danya Cebus and Shapir Engineering Industry is 0.59 (i.e., Very weak diversification). The correlation of Danya Cebus 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.

Danya Cebus Correlation With Market

Average diversification

The correlation between Danya Cebus and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Danya Cebus and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Danya Cebus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danya Cebus 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 Danya Cebus - 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 Danya Cebus to buy it.

Moving together with Danya Stock

  0.97SPEN Shapir EngineeringPairCorr
  0.97ELTR ElectraPairCorr
  0.98SKBN Shikun BinuiPairCorr
  0.96LEVI Levinstein EngPairCorr
  0.89RMON Rimon Consulting ManPairCorr
  0.84ORON Oron Group InvestmentsPairCorr
  0.94ELMR El Mor ElectricPairCorr
  0.92BRAN Baran GroupPairCorr
  0.82MRG Multi Retail GroupPairCorr
  0.62GOSS G1 Secure SolutionsPairCorr
  0.8PCBT PCB TecPairCorr
  0.92BCOM B CommunicationsPairCorr
  0.85MZTF Mizrahi TefahotPairCorr
  0.73AMRK Amir MarketingPairCorr
  0.88ISRA Isramco Negev 2PairCorr
  0.94AFHL Afcon HoldingsPairCorr
  0.96MTDS Meitav Dash InvestmentsPairCorr
  0.87AVIA Aviation LinksPairCorr
  0.82GLTL Gilat Telecom GlobalPairCorr
  0.82AZRG Azrieli GroupPairCorr
  0.94INRM Inrom ConstructionPairCorr
  0.93ILCO Israel CorpPairCorr
  0.96ALMA Almogim HoldingsPairCorr
  0.96RIT1 Reit 1PairCorr
  0.86AVGL Avgol Industries 1953PairCorr
  0.95MLSR MelisronPairCorr
  0.89MGDL Migdal InsurancePairCorr
  0.9FOX Fox WizelPairCorr

Moving against Danya Stock

  0.74LPSN LivePersonPairCorr
  0.55NVMI NovaPairCorr

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   
SKBN
+ 0.98
ELTR
DNYA
+ 0.98
SKBN
ELTR
+ 0.97
SPEN
DNYA
+ 0.97
SPEN
LEVI
+ 0.97
SPEN
DNYA
+ 0.97
ELTR
  
High negative correlations   
ELMR
- 0.06
ELWS

Risk-Adjusted Indicators

There is a big difference between Danya Stock performing well and Danya Cebus 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 Danya Cebus' 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 Danya Cebus 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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Danya Cebus Corporate Management

Elected by the shareholders, the Danya Cebus' board of directors comprises two types of representatives: Danya Cebus inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Danya. The board's role is to monitor Danya Cebus' management team and ensure that shareholders' interests are well served. Danya Cebus' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Danya Cebus' outside directors are responsible for providing unbiased perspectives on the board's policies.
David ShrekChief OfficerProfile
Shlomi MintzerVP RomaniaProfile
Amir DoronVP ControlProfile
Oren HodEx OfficerProfile
Jacques ZimmermanSecProfile
Ronen GinsburgChief OfficerProfile
Eitan CochavDeputy OfficerProfile
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