Augwind Energy Correlations

Stocks . Israel . 
Stock . Augwind Energy Tech
AUGN Stock  ILA 396.00  2.40  0.60%   
The current 90-days correlation between Augwind Energy Tech and Ilex Medical is -0.22 (i.e., Very good diversification). The correlation of Augwind Energy 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.

Augwind Energy Correlation With Market

Good diversification

The correlation between Augwind Energy Tech and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Augwind Energy Tech and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Augwind Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Augwind Energy 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 Augwind Energy - 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 Augwind Energy Tech to buy it.

Moving together with Augwind Stock

  0.75HICN Highcon SystemsPairCorr
  0.65PLAZ Plaza Centers NVPairCorr

Moving against Augwind Stock

  0.89ELAL El Al IsraelPairCorr
  0.84TEFN IntelicannaPairCorr
  0.81ITYF Itay Financial AAPairCorr
  0.81PLTF Value Capital OnePairCorr
  0.77TMRP Tamar PetroleumPairCorr
  0.75EMITF Elbit ImagingPairCorr
  0.73AQUA Aquarius EnginesPairCorr
  0.69KNFM KnafaimPairCorr
  0.61ORIN Orian ShMPairCorr
  0.6ZUR Zur Shamir HoldingsPairCorr
  0.54ICON Icon GroupPairCorr
  0.51CTPL5 Citrus Plant5 LPairCorr
  0.41FOX Fox WizelPairCorr
  0.92MTDS Meitav Dash InvestmentsPairCorr
  0.81INBR Inbar Group FinancePairCorr
  0.81ETGA Etga GroupPairCorr
  0.71DLTI Delta Israel BrandsPairCorr
  0.7ACCL Accel Solutions GroupPairCorr
  0.67EMTC-M Elbit Medical Techno Earnings Call This WeekPairCorr
  0.65TUZA Teuza A FairchildPairCorr
  0.56OPK Opko HealthPairCorr
  0.55WTS Beeio HoneyPairCorr
  0.54DSCT Israel Discount BankPairCorr
  0.45RTLS RetailorsPairCorr
  0.31DISI Discount Investment CorpPairCorr

Related Correlations Analysis

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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   
RPAC
+ 0.86
MTAV
SKLN
+ 0.84
ILX
STEC
+ 0.01
ILX
  
High negative correlations   
MTAV
- 0.78
ILX
SKLN
- 0.67
MTAV
RPAC
- 0.52
ILX
RPAC
- 0.3
STEC
RPAC
- 0.29
SKLN
STEC
- 0.17
MTAV

Risk-Adjusted Indicators

There is a big difference between Augwind Stock performing well and Augwind Energy 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 Augwind Energy'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Augwind Energy 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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Augwind Energy Corporate Management

Elected by the shareholders, the Augwind Energy's board of directors comprises two types of representatives: Augwind Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Augwind. The board's role is to monitor Augwind Energy's management team and ensure that shareholders' interests are well served. Augwind Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Augwind Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Yakov KahlonDeputy CEOProfile
Yaacov VinokurChief OfficerProfile
Avner SternG CounselProfile
CPA RavehChief OfficerProfile
Oded LilianChief OfficerProfile
Ronit HaverGoldVP HRProfile
Or YogevFounder CTOProfile
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