Wesure Global Correlations

WESR Stock

ILA 529.70 3.50 0.66%

The current 90-days correlation between Wesure Global Tech and Opal Balance is 0.08 (i.e., Significant diversification). The correlation of Wesure Global 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.

Wesure Global Correlation With Market

Average diversification

The correlation between Wesure Global Tech and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wesure Global Tech and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Wesure Stock

0.85	HRON	Hiron Trade Investments	Pair Corr
0.88	ILCO	Israel Corp	Pair Corr
0.95	DLEKG	Delek Group	Pair Corr
0.77	PTBL	Propert Buil	Pair Corr
0.97	ISRS	Isras Investment	Pair Corr
0.86	KEN	Kenon Holdings	Pair Corr
0.95	ARAD	Arad Investment Indu	Pair Corr
0.74	ARD	Arad	Pair Corr
0.92	ADGR	Adgar Investments	Pair Corr
0.95	AVIV	Mordechai Aviv Taasiot	Pair Corr

Moving against Wesure Stock

0.69	IGLD	Internet Gold Golden	Pair Corr
0.66	IGLD-M	Internet Gold	Pair Corr

Related Correlations Analysis

	WESR	OPAL	BCOM	MVNE	PHTM	YHNF	CBI	BEZQ	CMCT	ICL
WESR		0.96	0.97	0.96	0.77	0.59	-0.76	0.97	-0.79	0.83	WESR
OPAL	0.96		0.92	0.93	0.81	0.63	-0.73	0.94	-0.81	0.83	OPAL
BCOM	0.97	0.92		0.96	0.73	0.56	-0.76	0.97	-0.77	0.83	BCOM
MVNE	0.96	0.93	0.96		0.79	0.51	-0.71	0.97	-0.82	0.83	MVNE
PHTM	0.77	0.81	0.73	0.79		0.48	-0.62	0.84	-0.95	0.55	PHTM
YHNF	0.59	0.63	0.56	0.51	0.48		-0.62	0.61	-0.58	0.38	YHNF
CBI	-0.76	-0.73	-0.76	-0.71	-0.62	-0.62		-0.77	0.66	-0.49	CBI
BEZQ	0.97	0.94	0.97	0.97	0.84	0.61	-0.77		-0.87	0.79	BEZQ
CMCT	-0.79	-0.81	-0.77	-0.82	-0.95	-0.58	0.66	-0.87		-0.58	CMCT
ICL	0.83	0.83	0.83	0.83	0.55	0.38	-0.49	0.79	-0.58		ICL
	WESR	OPAL	BCOM	MVNE	PHTM	YHNF	CBI	BEZQ	CMCT	ICL

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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

BCOM	+ 0.97	WESR
BEZQ	+ 0.97	WESR
BEZQ	+ 0.97	BCOM
BEZQ	+ 0.97	MVNE
OPAL	+ 0.96	WESR
MVNE	+ 0.96	WESR

High negative correlations

CMCT	- 0.95	PHTM
CMCT	- 0.87	BEZQ
CMCT	- 0.82	MVNE
CMCT	- 0.81	OPAL
CMCT	- 0.79	WESR
BEZQ	- 0.77	CBI

Risk-Adjusted Indicators

There is a big difference between Wesure Stock performing well and Wesure Global 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 Wesure Global'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
WESR	1.95	0.99	0.60	1.59	0.72	(2.50)	5.59	(2.13)	12.70
OPAL	1.39	0.51	0.26	(3.63)	1.07	(1.67)	3.58	(2.95)	7.49
BCOM	1.78	0.65	0.29	(16.04)	1.25	(2.05)	4.90	(2.98)	16.14
MVNE	1.46	0.25	0.11	0.61	1.66	(1.59)	3.16	(2.83)	7.68
PHTM	1.07	0.41	0.23	(1.84)	0.76	(1.26)	2.41	(1.96)	5.27
YHNF	1.47	0.27	0.10	2.45	1.58	(1.59)	3.29	(2.86)	8.25
CBI	2.20	(0.13)	0.00	(0.50)	0.00	0.00	4.28	(3.61)	16.36
BEZQ	1.24	0.39	0.23	4.86	0.92	(1.48)	3.25	(1.90)	8.84
CMCT	5.93	(2.89)	0.00	(33.01)	0.00	0.00	5.09	(19.26)	58.41
ICL	1.99	0.33	0.14	0.90	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 Wesure Global 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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