Shufersal Correlations

SHUFF Stock

USD 12.83 0.00 0.00%

The current 90-days correlation between Shufersal and Grupo Herdez SAB is -0.03 (i.e., Good diversification). The correlation of Shufersal 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.

Shufersal Correlation With Market

Poor diversification

The correlation between Shufersal and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shufersal and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Shufersal Pink Sheet

0.74	SVNDY	Seven i Holdings	Pair Corr
0.82	SVNDF	Seven i Holdings	Pair Corr
0.67	WOLWF	Woolworths Group	Pair Corr
0.86	GPHOF	Graphite One	Pair Corr
0.79	FTAI	FTAI Aviation	Pair Corr
0.81	FNCHF	FINEOSHoldings Plc	Pair Corr
0.7	ACN	Accenture plc	Pair Corr
0.79	KGC	Kinross Gold	Pair Corr
0.7	LILIF	Argentina Lithium Energy	Pair Corr
0.62	LSBK	Lake Shore Bancorp	Pair Corr
0.85	ARRJF	Arjo AB	Pair Corr

Moving against Shufersal Pink Sheet

0.78	PBCRY	Bank Central Asia	Pair Corr
0.69	ADRNY	Koninklijke Ahold	Pair Corr
0.6	KR	Kroger Company	Pair Corr
0.53	TSCDY	Tesco PLC	Pair Corr
0.52	PBCRF	PT Bank Central	Pair Corr
0.51	AHODF	Koninklijke Ahold	Pair Corr
0.35	BKRKF	PT Bank Rakyat	Pair Corr
0.67	ATMV	ATMV Old Symbol Change	Pair Corr

Related Correlations Analysis

	GUZOF	SGPPF	PGENY	SGPPY	TUFUF	FNEVY	NNWWF	COGNY	TUFBY	SNDVF
GUZOF		0.0	-0.7	0.0	0.0	0.0	0.89	0.31	0.39	0.84	GUZOF
SGPPF	0.0		0.0	-1.0	0.0	1.0	0.0	0.0	0.0	0.0	SGPPF
PGENY	-0.7	0.0		0.0	0.0	0.0	-0.75	-0.5	-0.6	-0.7	PGENY
SGPPY	0.0	-1.0	0.0		0.0	-1.0	0.0	0.0	0.0	0.0	SGPPY
TUFUF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TUFUF
FNEVY	0.0	1.0	0.0	-1.0	0.0		0.0	0.0	0.0	0.0	FNEVY
NNWWF	0.89	0.0	-0.75	0.0	0.0	0.0		0.35	0.55	0.89	NNWWF
COGNY	0.31	0.0	-0.5	0.0	0.0	0.0	0.35		0.46	0.26	COGNY
TUFBY	0.39	0.0	-0.6	0.0	0.0	0.0	0.55	0.46		0.59	TUFBY
SNDVF	0.84	0.0	-0.7	0.0	0.0	0.0	0.89	0.26	0.59		SNDVF
	GUZOF	SGPPF	PGENY	SGPPY	TUFUF	FNEVY	NNWWF	COGNY	TUFBY	SNDVF

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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

FNEVY	+ 1.0	SGPPF
NNWWF	+ 0.89	GUZOF
SNDVF	+ 0.89	NNWWF
SNDVF	+ 0.84	GUZOF
SNDVF	+ 0.59	TUFBY
TUFBY	+ 0.55	NNWWF

High negative correlations

FNEVY	- 1.0	SGPPY
SGPPY	- 1.0	SGPPF
NNWWF	- 0.75	PGENY
SNDVF	- 0.7	PGENY
PGENY	- 0.7	GUZOF
TUFBY	- 0.6	PGENY

Risk-Adjusted Indicators

There is a big difference between Shufersal Pink Sheet performing well and Shufersal 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 Shufersal'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
GUZOF	0.51	0.27	0.00	(1.35)	0.00	0.00	0.27	0.00	7.63
SGPPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PGENY	1.67	(0.37)	0.00	0.26	0.00	0.00	1.13	0.00	29.00
SGPPY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TUFUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNEVY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NNWWF	0.63	0.15	0.07	(0.68)	0.63	(0.97)	1.71	(1.13)	5.64
COGNY	3.92	0.77	0.08	13.49	4.93	(6.94)	13.43	(8.06)	48.64
TUFBY	0.94	0.41	0.00	0.44	0.00	0.00	0.00	0.00	31.54
SNDVF	0.31	0.05	0.00	0.55	0.00	0.00	1.42	(0.07)	5.64

Be your own money manager

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

Sharon Gambasho	VP Estate	Profile
Tomer Shani	Chief Officer	Profile
Advocate Meiri	VP Advisor	Profile
Shai Vardi	Chief CTO	Profile
Nir Matosevich	EVP CEO	Profile
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Uri Waterman	CEO Ltd	Profile

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