ICL Israel Correlations
| ICL Stock | ILA 1,747 18.00 1.02% |
The correlation of ICL Israel 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ICL Israel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ICL Israel Chemicals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between ICL Israel Chemicals and NYA is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ICL Israel Chemicals and NYA in the same portfolio, assuming nothing else is changed.
ICL |
The ability to find closely correlated positions to ICL Israel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ICL Israel 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 ICL Israel - 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 ICL Israel Chemicals to buy it.
Moving together with ICL Stock
| 0.85 | MGDL | Migdal Insurance | PairCorr |
| 0.7 | HARL | Harel Insurance Inve | PairCorr |
| 0.87 | CLIS | Clal Insurance Enter | PairCorr |
| 0.9 | LUMI | Bank Leumi Le | PairCorr |
| 0.83 | ELCO | Elco | PairCorr |
| 0.63 | SAE | Shufersal | PairCorr |
| 0.85 | MMHD | Menora Miv Hld | PairCorr |
| 0.79 | PZOL | Paz Oil | PairCorr |
| 0.76 | DSCT | Israel Discount Bank Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ICL Stock performing well and ICL Israel 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 ICL Israel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LUMI | 1.45 | 0.00 | 0.00 | 0.07 | 0.00 | 3.12 | 9.09 | |||
| MZTF | 1.69 | (0.07) | 0.00 | (3.88) | 0.00 | 4.21 | 11.57 | |||
| DSCT | 1.58 | 0.08 | 0.00 | 20.09 | 1.40 | 4.47 | 9.27 | |||
| MGDL | 1.72 | 0.17 | 0.05 | 1.54 | 1.88 | 4.24 | 11.72 | |||
| FIBIH | 1.44 | (0.01) | (0.05) | 0.00 | 1.55 | 2.76 | 11.80 | |||
| FIBI | 1.51 | (0.06) | 0.00 | (0.21) | 0.00 | 3.51 | 10.25 | |||
| CLIS | 1.48 | 0.09 | 0.00 | 17.18 | 1.69 | 3.47 | 10.97 | |||
| PHOE | 1.54 | (0.02) | (0.05) | (0.02) | 1.58 | 3.59 | 10.35 | |||
| HARL | 1.71 | 0.32 | 0.15 | 1.82 | 1.48 | 4.09 | 12.35 | |||
| MMHD | 1.29 | 0.00 | (0.05) | 0.06 | 1.27 | 3.46 | 6.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ICL Israel 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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ICL Israel Corporate Directors
ICL Israel corporate directors refer to members of an ICL Israel board of directors. The board of directors generally takes responsibility for the ICL Israel's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of ICL Israel's board members must vote for the resolution. The ICL Israel board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ruth Ralbag | External Independent Director | Profile | |
| Eran Sarig | Director | Profile | |
| Geoffery Merszei | Director | Profile | |
| Yaacov Dior | External Director | Profile |
Already Invested in ICL Israel Chemicals?
The danger of trading ICL Israel Chemicals is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ICL Israel is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ICL Israel. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ICL Israel Chemicals is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ICL Israel Chemicals is a strong investment it is important to analyze ICL Israel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ICL Israel's future performance. For an informed investment choice regarding ICL Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICL Israel Chemicals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for ICL Stock analysis
When running ICL Israel's price analysis, check to measure ICL Israel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ICL Israel is operating at the current time. Most of ICL Israel's value examination focuses on studying past and present price action to predict the probability of ICL Israel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICL Israel's price. Additionally, you may evaluate how the addition of ICL Israel to your portfolios can decrease your overall portfolio volatility.
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