Brainstorm Cell Correlations

GHDN Stock

EUR 2.69 0.00 0.00%

The correlation of Brainstorm Cell 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.

Brainstorm Cell Correlation With Market

Average diversification

The correlation between Brainstorm Cell Therapeutics and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brainstorm Cell Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Brainstorm Stock

0.88	NOVA	Novo Nordisk AS	Pair Corr
0.63	MBG	Mercedes Benz Group	Pair Corr
0.81	0QF	Moderna	Pair Corr
0.72	TG4	Oxurion NV	Pair Corr
0.65	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against Brainstorm Stock

0.84	1FW1	WUXI BIOLOGICS UNSPADR2	Pair Corr
0.69	22UA	BioNTech SE	Pair Corr
0.63	DBPE	Xtrackers LevDAX	Pair Corr
0.43	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	I9V	E6Q	SUI	KGZ	SEH	V1M	8L8	S9M
I9V		0.5	0.37	0.42	-0.43	0.0	0.5	-0.07	I9V
E6Q	0.5		-0.15	0.71	-0.5	0.0	0.73	-0.24	E6Q
SUI	0.37	-0.15		0.07	-0.11	0.0	0.32	-0.27	SUI
KGZ	0.42	0.71	0.07		-0.31	0.0	0.81	0.01	KGZ
SEH	-0.43	-0.5	-0.11	-0.31		0.0	-0.56	0.7	SEH
V1M	0.0	0.0	0.0	0.0	0.0		0.0	0.0	V1M
8L8	0.5	0.73	0.32	0.81	-0.56	0.0		-0.37	8L8
S9M	-0.07	-0.24	-0.27	0.01	0.7	0.0	-0.37		S9M
	I9V	E6Q	SUI	KGZ	SEH	V1M	8L8	S9M

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

8L8	+ 0.81	KGZ
8L8	+ 0.73	E6Q
KGZ	+ 0.71	E6Q
S9M	+ 0.7	SEH
E6Q	+ 0.5	I9V
8L8	+ 0.5	I9V

High negative correlations

8L8	- 0.56	SEH
SEH	- 0.5	E6Q
SEH	- 0.43	I9V
S9M	- 0.37	8L8
SEH	- 0.31	KGZ
S9M	- 0.27	SUI

Risk-Adjusted Indicators

There is a big difference between Brainstorm Stock performing well and Brainstorm Cell 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 Brainstorm Cell'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
I9V	1.68	0.16	0.01	(0.64)	1.91	(1.99)	4.00	(3.38)	9.26
E6Q	1.66	0.25	0.05	(0.71)	1.64	(2.05)	3.60	(3.06)	10.30
SUI	0.86	0.10	0.02	0.49	0.68	(1.50)	2.13	(1.47)	7.63
KGZ	2.12	0.34	0.06	1.40	3.18	(2.50)	5.50	(3.39)	24.58
SEH	1.42	(0.29)	0.00	(0.29)	0.00	0.00	2.38	(3.48)	8.63
V1M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
8L8	2.13	0.55	0.20	1.23	1.80	(3.13)	3.65	(2.75)	34.61
S9M	1.83	(0.21)	0.00	(0.11)	0.00	0.00	3.81	(4.39)	10.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brainstorm Cell 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 Center Now

Portfolio Center

All portfolio management and optimization tools to improve performance of your portfolios

All Next

Launch Module

Brainstorm Cell Corporate Management

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

Yael Gothelf	VP Affairs	Profile
Irit DSc	CoFounder Board	Profile
Antal PearlLendner	VP Counsel	Profile
Daniel Offen	Chief Advisor	Profile
Stacy Lindborg	Exec Officer	Profile

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