Endymed Correlations

Stocks . Israel . 
Stock . Endymed
ENDY Stock   295.00  1.00  0.34%   
The current 90-days correlation between Endymed and Kamada is 0.18 (i.e., Average diversification). The correlation of Endymed 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.

Endymed Correlation With Market

Good diversification

The correlation between Endymed 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 Endymed and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Endymed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endymed 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 Endymed - 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 Endymed to buy it.

Moving together with Endymed Stock

  0.67DLEKG Delek GroupPairCorr
  0.61MGDL Migdal InsurancePairCorr
  0.68LUMI Bank Leumi LePairCorr
  0.67CLIS Clal Insurance EnterPairCorr
  0.65MZTF Mizrahi TefahotPairCorr
  0.71DSCT Israel Discount BankPairCorr
  0.65MTDS Meitav Dash InvestmentsPairCorr
  0.7FIBI First International BankPairCorr
  0.64HARL Harel Insurance InvePairCorr
  0.65DISI Discount Investment CorpPairCorr
  0.65HOD Hod Assaf IndustriesPairCorr
  0.78SEFA Nala Digital CommercePairCorr
  0.73MLSR MelisronPairCorr
  0.63NZHT Netz HotelsPairCorr
  0.65SCOP Scope Metals GroupPairCorr
  0.8ISCN Israel CanadaPairCorr
  0.75KMDA KamadaPairCorr
  0.67BRND Brand GroupPairCorr
  0.74FBRT FMS Enterprises MigunPairCorr
  0.62PHOE Phoenix HoldingsPairCorr
  0.69ELCO ElcoPairCorr
  0.64TMRP Tamar PetroleumPairCorr
  0.73KDST KadimastemPairCorr

Moving against Endymed Stock

  0.52INFR InfimerPairCorr

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   
ESLT
+ 0.84
KMDA
ESLT
+ 0.8
TSEM
TSEM
+ 0.64
KMDA
TSEM
+ 0.2
TEVA
ESLT
+ 0.05
TEVA
TEVA
+ 0.0
KMDA
  
High negative correlations   
OPK
- 0.35
KMDA
OPK
- 0.22
TSEM
OPK
- 0.19
ESLT
OPK
- 0.14
TEVA
TEVA
- 0.0
KMDA

Risk-Adjusted Indicators

There is a big difference between Endymed Stock performing well and Endymed 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 Endymed'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.

Be your own money manager

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

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