Libental Correlations
| LBTL Stock | ILS 1,323 36.00 2.65% |
The correlation of Libental 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 Libental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Libental 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.
Good diversification
The correlation between Libental and NYA is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Libental and NYA in the same portfolio, assuming nothing else is changed.
Libental |
The ability to find closely correlated positions to Libental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Libental 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 Libental - 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 Libental to buy it.
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Libental Stock performing well and Libental 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 Libental'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.Libental Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Libental stock to make a market-neutral strategy. Peer analysis of Libental could also be used in its relative valuation, which is a method of valuing Libental by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Libental Corporate Directors
Libental corporate directors refer to members of a Libental board of directors. The board of directors generally takes responsibility for the Libental'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 Libental's board members must vote for the resolution. The Libental board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Dana Shamai | External Director | Profile | |
| Yossef Katzelbogen | Director | Profile | |
| Yaacov Kot | External Director | Profile | |
| Shlomo Himmelfarb | Director | Profile |
Already Invested in Libental?
The danger of trading Libental 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 Libental 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 Libental. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Libental 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.
Check out Correlation Analysis to better understand how to build diversified portfolios. 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Libental Stock analysis
When running Libental's price analysis, check to measure Libental'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 Libental is operating at the current time. Most of Libental's value examination focuses on studying past and present price action to predict the probability of Libental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Libental's price. Additionally, you may evaluate how the addition of Libental to your portfolios can decrease your overall portfolio volatility.
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