IMCO Industries Correlations
| IMCO Stock | ILS 3,495 105.00 3.10% |
The current 90-days correlation between IMCO Industries and Bet Shemesh Engines is -0.05 (i.e., Good diversification). The correlation of IMCO Industries 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.
IMCO Industries Correlation With Market
Good diversification
The correlation between IMCO Industries and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IMCO Industries and DJI in the same portfolio, assuming nothing else is changed.
IMCO |
The ability to find closely correlated positions to IMCO Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IMCO Industries 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 IMCO Industries - 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 IMCO Industries to buy it.
Moving together with IMCO Stock
| 0.79 | STCM | Satcom Systems | PairCorr |
| 0.64 | ELAL | El Al Israel | PairCorr |
| 0.75 | NTML | Neto Malinda | PairCorr |
| 0.76 | ORBI | Orbit Technologies | PairCorr |
| 0.78 | ARYT | Aryt Industries | PairCorr |
| 0.78 | BRIN | Brainsway | PairCorr |
| 0.85 | TNPV | Technoplus Ventures | PairCorr |
| 0.65 | ICL | ICL Israel Chemicals | PairCorr |
| 0.8 | OVRS | Overseas Commerce Earnings Call This Week | PairCorr |
| 0.86 | TMRP | Tamar Petroleum | PairCorr |
| 0.66 | HOD | Hod Assaf Industries | PairCorr |
| 0.71 | SEFA | Nala Digital Commerce | PairCorr |
| 0.87 | BEZQ | Bezeq Israeli Teleco | PairCorr |
| 0.76 | FOX | Fox Wizel | PairCorr |
| 0.72 | FBRT | FMS Enterprises Migun | PairCorr |
| 0.78 | ISCN | Israel Canada | PairCorr |
| 0.9 | MZTF | Mizrahi Tefahot | PairCorr |
| 0.72 | CDEV | Cohen Dev | PairCorr |
| 0.76 | RLCO | Ralco Agencies | PairCorr |
| 0.83 | ALTF | Altshuler Shaham Fin | PairCorr |
| 0.81 | DLEKG | Delek Group | PairCorr |
| 0.7 | SKBN | Shikun Binui | PairCorr |
| 0.75 | CMDR | Computer Direct | PairCorr |
| 0.9 | MGDL | Migdal Insurance | PairCorr |
| 0.78 | HARL | Harel Insurance Inve | PairCorr |
| 0.83 | ISRS | Isras Investment | PairCorr |
| 0.7 | TSEM | Tower Semiconductor | PairCorr |
| 0.66 | ELCO | Elco | PairCorr |
Moving against IMCO Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between IMCO Stock performing well and IMCO Industries 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 IMCO Industries' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FOX | 1.50 | 0.30 | 0.17 | 54.10 | 1.30 | 3.37 | 8.05 | |||
| FBRT | 1.67 | 0.12 | 0.05 | 0.20 | 2.44 | 3.84 | 11.53 | |||
| BSEN | 2.18 | 0.46 | 0.12 | 5.25 | 2.84 | 5.09 | 19.12 | |||
| ANLT | 1.15 | 0.64 | 0.77 | 10.47 | 0.00 | 4.04 | 8.45 | |||
| LUDN | 1.32 | 0.44 | 0.31 | 4.58 | 0.98 | 3.84 | 9.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in IMCO Industries 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?
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IMCO Industries Corporate Management
Elected by the shareholders, the IMCO Industries' board of directors comprises two types of representatives: IMCO Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of IMCO. The board's role is to monitor IMCO Industries' management team and ensure that shareholders' interests are well served. IMCO Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, IMCO Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eitan Zait | Chief Officer | Profile | |
| Boris Kaufman | Head Department | Profile | |
| Tal Cohen | Chief Officer | Profile | |
| Yuri Blockofis | Chief Projects | Profile | |
| Ehud Weismann | Head of Electric and Electronic Department | Profile | |
| Dan Shreya | HR Officer | Profile | |
| Barry Silber | Chief Inc | Profile |