Solaer Israel Correlations

SOLR Stock

ILA 3,847 71.00 1.88%

The current 90-days correlation between Solaer Israel and Multi Retail Group is 0.26 (i.e., Modest diversification). The correlation of Solaer 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Solaer Israel Correlation With Market

Average diversification

The correlation between Solaer Israel and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solaer Israel and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Solaer 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 Solaer 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 Solaer 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 Solaer Israel to buy it.

Moving together with Solaer Stock

0.71	APLP	Apollo Power	Pair Corr
0.78	DANH	Dan Hotels	Pair Corr
0.85	HOD	Hod Assaf Industries	Pair Corr
0.68	ALRPR	Alrov Properties Lodgings	Pair Corr
0.76	JBNK	Jerusalem	Pair Corr

Related Correlations Analysis

	STEC	MRG	AURA	ANLT	BCOM	BVC	RMN	GLTL
STEC		0.35	0.02	-0.42	-0.31	-0.2	-0.43	-0.34	STEC
MRG	0.35		0.05	0.06	0.09	-0.5	-0.13	-0.17	MRG
AURA	0.02	0.05		0.84	0.74	-0.65	0.53	0.88	AURA
ANLT	-0.42	0.06	0.84		0.82	-0.57	0.67	0.91	ANLT
BCOM	-0.31	0.09	0.74	0.82		-0.7	0.26	0.81	BCOM
BVC	-0.2	-0.5	-0.65	-0.57	-0.7		-0.02	-0.51	BVC
RMN	-0.43	-0.13	0.53	0.67	0.26	-0.02		0.63	RMN
GLTL	-0.34	-0.17	0.88	0.91	0.81	-0.51	0.63		GLTL
	STEC	MRG	AURA	ANLT	BCOM	BVC	RMN	GLTL

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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

GLTL	+ 0.91	ANLT
GLTL	+ 0.88	AURA
ANLT	+ 0.84	AURA
BCOM	+ 0.82	ANLT
GLTL	+ 0.81	BCOM
BCOM	+ 0.74	AURA

High negative correlations

BVC	- 0.7	BCOM
BVC	- 0.65	AURA
BVC	- 0.57	ANLT
GLTL	- 0.51	BVC
BVC	- 0.5	MRG
RMN	- 0.43	STEC

Risk-Adjusted Indicators

There is a big difference between Solaer Stock performing well and Solaer 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 Solaer 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
STEC	2.32	(0.86)	0.00	(1.29)	0.00	0.00	5.16	(6.13)	13.16
MRG	2.43	(0.19)	0.00	1.57	0.00	0.00	4.33	(5.83)	10.95
AURA	2.49	0.58	0.13	87.71	2.39	(2.83)	5.21	(3.85)	18.64
ANLT	1.74	0.59	0.17	5.49	1.69	(1.97)	5.45	(4.02)	11.82
BCOM	1.94	0.57	0.13	(3.44)	1.85	(2.25)	5.45	(3.01)	9.33
BVC	2.03	(0.14)	(0.08)	0.04	2.47	(2.29)	3.95	(4.12)	16.18
RMN	1.07	0.09	(0.05)	0.48	1.00	(1.37)	2.20	(1.93)	5.34
GLTL	1.91	0.65	0.21	21.78	1.50	(2.35)	4.87	(3.13)	10.80

Be your own money manager

Our tools can tell you how much better you can do entering a position in Solaer 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.

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Solaer Israel Corporate Management

Elected by the shareholders, the Solaer Israel's board of directors comprises two types of representatives: Solaer Israel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Solaer. The board's role is to monitor Solaer Israel's management team and ensure that shareholders' interests are well served. Solaer Israel'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, Solaer Israel's outside directors are responsible for providing unbiased perspectives on the board's policies.

Amit Gonen	VP Devel	Profile
Omri Gonen	VP Operations	Profile
Alon Segev	Chief Officer	Profile
Itzik Shetah	Sales Mang	Profile
Almog Yosef	Chief Engineer	Profile
Yair Eisen	Chief Officer	Profile
A Lior	Legal Counsel	Profile

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