Electra Real Correlations

ELCRE Stock

ILS 4,958 102.00 2.02%

The current 90-days correlation between Electra Real Estate and Isras Investment is 0.26 (i.e., Modest diversification). The correlation of Electra Real 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Electra Real Correlation With Market

Good diversification

The correlation between Electra Real Estate and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Electra Real Estate and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Electra Stock

0.78	MGDL	Migdal Insurance	Pair Corr
0.86	PHOE	Phoenix Holdings	Pair Corr
0.88	HARL	Harel Insurance Inve	Pair Corr
0.84	CLIS	Clal Insurance Enter	Pair Corr
0.87	LUMI	Bank Leumi Le	Pair Corr
0.92	ELCO	Elco	Pair Corr
0.8	SAE	Shufersal	Pair Corr
0.91	MMHD	Menora Miv Hld	Pair Corr
0.74	PZOL	Paz Oil	Pair Corr
0.85	DSCT	Israel Discount Bank	Pair Corr

Related Correlations Analysis

	ISRS	SLARL	HARL	BCOM	PHTM	YHNF	CBI	BEZQ	CMCT	ICL
ISRS		0.98	0.96	0.98	0.74	0.55	-0.76	0.97	-0.77	0.82	ISRS
SLARL	0.98		0.97	0.98	0.71	0.53	-0.74	0.95	-0.74	0.87	SLARL
HARL	0.96	0.97		0.96	0.77	0.49	-0.71	0.95	-0.78	0.88	HARL
BCOM	0.98	0.98	0.96		0.73	0.56	-0.76	0.97	-0.77	0.83	BCOM
PHTM	0.74	0.71	0.77	0.73		0.48	-0.62	0.84	-0.95	0.55	PHTM
YHNF	0.55	0.53	0.49	0.56	0.48		-0.62	0.61	-0.58	0.38	YHNF
CBI	-0.76	-0.74	-0.71	-0.76	-0.62	-0.62		-0.77	0.66	-0.49	CBI
BEZQ	0.97	0.95	0.95	0.97	0.84	0.61	-0.77		-0.87	0.79	BEZQ
CMCT	-0.77	-0.74	-0.78	-0.77	-0.95	-0.58	0.66	-0.87		-0.58	CMCT
ICL	0.82	0.87	0.88	0.83	0.55	0.38	-0.49	0.79	-0.58		ICL
	ISRS	SLARL	HARL	BCOM	PHTM	YHNF	CBI	BEZQ	CMCT	ICL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SLARL	+ 0.98	ISRS
BCOM	+ 0.98	ISRS
BCOM	+ 0.98	SLARL
BEZQ	+ 0.97	ISRS
HARL	+ 0.97	SLARL
BEZQ	+ 0.97	BCOM

High negative correlations

CMCT	- 0.95	PHTM
CMCT	- 0.87	BEZQ
CMCT	- 0.78	HARL
BEZQ	- 0.77	CBI
CMCT	- 0.77	BCOM
CMCT	- 0.77	ISRS

Risk-Adjusted Indicators

There is a big difference between Electra Stock performing well and Electra Real 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 Electra Real'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
ISRS	1.33	0.37	0.12	(1.70)	1.60	(1.32)	2.85	(2.47)	8.17
SLARL	1.21	0.50	0.29	5.34	0.97	(1.50)	3.29	(1.72)	5.73
HARL	1.63	0.67	0.25	(6.56)	1.71	(1.92)	4.48	(1.86)	13.90
BCOM	1.78	0.69	0.28	(1.44)	1.25	(2.05)	4.90	(2.98)	16.14
PHTM	1.07	0.41	0.22	(1.58)	0.76	(1.26)	2.41	(1.96)	5.27
YHNF	1.47	0.22	0.10	0.48	1.58	(1.59)	3.29	(2.86)	8.25
CBI	2.20	(0.14)	0.00	(0.37)	0.00	0.00	4.28	(3.61)	16.36
BEZQ	1.24	0.40	0.23	(4.71)	0.92	(1.48)	3.25	(1.90)	8.84
CMCT	5.93	(2.99)	0.00	(2.78)	0.00	0.00	5.09	(19.26)	58.41
ICL	1.99	0.35	0.14	1.45	1.67	(2.35)	5.63	(3.16)	11.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Electra Real 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 Money Managers Now

Money Managers

Screen money managers from public funds and ETFs managed around the world

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC