Correlation Between Rotem Shani and Hamashbir 365

Can any of the company-specific risk be diversified away by investing in both Rotem Shani and Hamashbir 365 at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Rotem Shani and Hamashbir 365 into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Rotem Shani Entrepreneurship and Hamashbir 365 Holdings, you can compare the effects of market volatilities on Rotem Shani and Hamashbir 365 and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Rotem Shani with a short position of Hamashbir 365. Check out your portfolio center. Please also check ongoing floating volatility patterns of Rotem Shani and Hamashbir 365.

Diversification Opportunities for Rotem Shani and Hamashbir 365

0.66

Correlation Coefficient

Rotem Shani  Hamashbir 365

Poor diversification

The 3 months correlation between Rotem and Hamashbir is 0.66. Overlapping area represents the amount of risk that can be diversified away by holding Rotem Shani Entrepreneurship and Hamashbir 365 Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Hamashbir 365 Holdings and Rotem Shani is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Rotem Shani Entrepreneurship are associated (or correlated) with Hamashbir 365. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hamashbir 365 Holdings has no effect on the direction of Rotem Shani i.e., Rotem Shani and Hamashbir 365 go up and down completely randomly.

Pair Corralation between Rotem Shani and Hamashbir 365

Assuming the 90 days trading horizon Rotem Shani Entrepreneurship is expected to generate 1.06 times more return on investment than Hamashbir 365. However, Rotem Shani is 1.06 times more volatile than Hamashbir 365 Holdings. It trades about 0.09 of its potential returns per unit of risk. Hamashbir 365 Holdings is currently generating about 0.04 per unit of risk. If you would invest  158,190  in Rotem Shani Entrepreneurship on October 7, 2025 and sell it today you would earn a total of  160,010  from holding Rotem Shani Entrepreneurship or generate 101.15% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Rotem Shani Entrepreneurship  vs.  Hamashbir 365 Holdings

Rotem Shani Entrepre

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Rotem Shani Entrepreneurship are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Rotem Shani is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Hamashbir 365 Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days Hamashbir 365 Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Hamashbir 365 is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Rotem Shani and Hamashbir 365

The main advantage of trading using opposite Rotem Shani and Hamashbir 365 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Rotem Shani position performs unexpectedly, Hamashbir 365 can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hamashbir 365 will offset losses from the drop in Hamashbir 365's long position.

The idea behind Rotem Shani Entrepreneurship and Hamashbir 365 Holdings pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.