Scope Metals Correlations
| SCOP Stock | ILA 14,570 160.00 1.11% |
The current 90-days correlation between Scope Metals Group and Kerur Holdings is 0.32 (i.e., Weak diversification). The correlation of Scope Metals 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.
Scope Metals Correlation With Market
Good diversification
The correlation between Scope Metals Group and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scope Metals Group and DJI in the same portfolio, assuming nothing else is changed.
Scope |
The ability to find closely correlated positions to Scope Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scope Metals 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 Scope Metals - 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 Scope Metals Group to buy it.
Moving together with Scope Stock
| 0.91 | OVRS | Overseas Commerce | PairCorr |
| 0.87 | GOLD | Gold Bond | PairCorr |
| 0.92 | ATRY | Atreyu Capital Markets | PairCorr |
| 0.96 | CDEV | Cohen Dev | PairCorr |
| 0.9 | ELCRE | Electra Real Estate | PairCorr |
| 0.71 | ARD | Arad | PairCorr |
| 0.95 | AVIV | Mordechai Aviv Taasiot | PairCorr |
| 0.9 | ADGR | Adgar Investments | PairCorr |
Moving against Scope Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Scope Stock performing well and Scope Metals 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 Scope Metals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DLEA | 1.62 | 0.48 | 0.20 | 12.29 | 1.52 | 4.43 | 10.47 | |||
| KRUR | 1.09 | 0.32 | 0.17 | 5.14 | 0.99 | 2.45 | 12.09 | |||
| NTO | 1.34 | 0.88 | 0.51 | (1.82) | 0.57 | 4.35 | 8.76 | |||
| LUMI | 1.23 | 0.43 | 0.21 | (4.31) | 1.10 | 2.58 | 6.28 | |||
| GLRS | 0.91 | 0.32 | 0.20 | (10.13) | 0.61 | 2.63 | 5.77 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Scope Metals 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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Scope Metals Corporate Management
Elected by the shareholders, the Scope Metals' board of directors comprises two types of representatives: Scope Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Scope. The board's role is to monitor Scope Metals' management team and ensure that shareholders' interests are well served. Scope Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Scope Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ilan Toledano | Chief Officer | Profile | |
| Yoram Abraham | Chief SRO | Profile | |
| Zvika CPA | Controller | Profile | |
| Gilad Fishman | Chief Trading | Profile | |
| Gil CPA | Chief Officer | Profile | |
| Alex Master | Chief Alinox | Profile | |
| Boaz Leshem | Chief Solutions | Profile |