Capital Point Correlations

CPTP Stock

ILA 47.20 1.50 3.08%

The current 90-days correlation between Capital Point and Menora Miv Hld is 0.04 (i.e., Significant diversification). The correlation of Capital Point 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.

Capital Point Correlation With Market

Significant diversification

The correlation between Capital Point and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Point and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Capital Stock

0.9	BLGO	Buligo Capital	Pair Corr
0.86	0P00013UB9	Yelin Lapidot Growth	Pair Corr
0.83	PZOL	Paz Oil	Pair Corr
0.7	ISOP-L	Israel Opportunity	Pair Corr
0.54	NXSN	Next Vision Stabilized	Pair Corr
0.36	LUMI	Bank Leumi Le	Pair Corr
0.32	SAE	Shufersal	Pair Corr
0.87	FTAL	Fattal 1998 Holdings	Pair Corr
0.8	PTNR	Partner	Pair Corr
0.77	PIU	Poalim Ibi	Pair Corr
0.74	PRMG	Primotec Group	Pair Corr
0.45	LHIS	Lachish	Pair Corr
0.33	GOLF	Golf Co Group	Pair Corr

Related Correlations Analysis

	MMHD	PHOE	CLIS	FIBI	MGDL	IDIN	AYAL	FIBIH	DSCT	MTAV
MMHD		0.65	0.96	0.95	0.99	0.95	0.78	0.81	0.71	0.36	MMHD
PHOE	0.65		0.71	0.66	0.61	0.6	0.72	0.67	0.89	0.74	PHOE
CLIS	0.96	0.71		0.87	0.96	0.86	0.75	0.76	0.69	0.42	CLIS
FIBI	0.95	0.66	0.87		0.94	0.96	0.81	0.89	0.81	0.42	FIBI
MGDL	0.99	0.61	0.96	0.94		0.94	0.74	0.8	0.68	0.32	MGDL
IDIN	0.95	0.6	0.86	0.96	0.94		0.81	0.87	0.74	0.39	IDIN
AYAL	0.78	0.72	0.75	0.81	0.74	0.81		0.93	0.82	0.63	AYAL
FIBIH	0.81	0.67	0.76	0.89	0.8	0.87	0.93		0.81	0.52	FIBIH
DSCT	0.71	0.89	0.69	0.81	0.68	0.74	0.82	0.81		0.66	DSCT
MTAV	0.36	0.74	0.42	0.42	0.32	0.39	0.63	0.52	0.66		MTAV
	MMHD	PHOE	CLIS	FIBI	MGDL	IDIN	AYAL	FIBIH	DSCT	MTAV

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Risk-Adjusted Indicators

There is a big difference between Capital Stock performing well and Capital Point 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 Capital Point'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
MMHD	1.94	0.81	0.37	1.87	1.34	(2.32)	5.33	(2.78)	10.96
PHOE	1.83	0.43	0.20	0.78	1.44	(2.59)	4.93	(2.54)	12.24
CLIS	1.98	0.72	0.21	1.33	2.23	(2.12)	4.54	(2.12)	15.63
FIBI	1.12	0.29	0.17	4.26	1.00	(1.29)	2.12	(1.70)	5.14
MGDL	1.94	0.97	0.35	3.93	1.46	(2.12)	5.61	(2.99)	10.03
IDIN	1.83	0.76	0.31	(1.87)	1.36	(2.17)	4.20	(2.44)	13.69
AYAL	1.95	0.92	0.40	(8.21)	1.32	(2.53)	5.91	(1.88)	14.58
FIBIH	0.85	0.33	0.21	(1.18)	0.81	(1.04)	1.87	(1.09)	6.47
DSCT	1.12	0.28	0.12	6.07	1.33	(1.25)	2.49	(1.98)	6.88
MTAV	1.94	0.63	0.24	1.56	1.72	(2.51)	5.67	(3.36)	14.30

Be your own money manager

Our tools can tell you how much better you can do entering a position in Capital Point 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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