Ituran Location Correlations

ITRN Stock

USD 42.72 1.64 3.99%

The current 90-days correlation between Ituran Location and Gilat Satellite Networks is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ituran Location moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ituran Location and moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ituran Location Correlation With Market

Significant diversification

The correlation between Ituran Location and 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 Ituran Location and and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ituran Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ituran Location and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Ituran Stock

0.72	002935	Chengdu Spaceon Elec	Pair Corr
0.85	VIAV	Viavi Solutions	Pair Corr
0.64	VSAT	ViaSat Inc	Pair Corr
0.83	ERIC	Telefonaktiebolaget	Pair Corr
0.7	002188	Bus Online	Pair Corr
0.77	002861	Hubei Yingtong Telec	Pair Corr
0.76	NOK	Nokia Corp ADR	Pair Corr
0.64	IDCC	InterDigital	Pair Corr
0.76	688027	QuantumCTek	Pair Corr
0.82	300555	Lootom Telcovideo Network	Pair Corr
0.87	ET	Evertz Technologies Earnings Call Tomorrow	Pair Corr

Moving against Ituran Stock

0.82	000851	Gohigh Data Networks	Pair Corr
0.76	FFIV	F5 Networks	Pair Corr
0.74	EXTR	Extreme Networks	Pair Corr
0.7	300101	Chengdu PRO Technology	Pair Corr
0.5	300098	Gosuncn Technology	Pair Corr
0.6	300366	Sichuan Troy Information	Pair Corr
0.46	603712	TianJin 712 Communication	Pair Corr
0.36	300638	Fibocom Wireless	Pair Corr
0.75	002231	Allwin Telecommunicatio	Pair Corr
0.67	300050	Dingli Communications	Pair Corr
0.56	300563	Shenyu Communication	Pair Corr
0.56	603236	Quectel Wireless Sol	Pair Corr

Related Correlations Analysis

	GILT	CTLP	ADTN	AIOT	IBTA	EXOD	ORBS	DCBO	NTGR	BKSY
GILT		-0.5	0.28	0.43	0.82	0.34	-0.22	0.07	0.85	0.72	GILT
CTLP	-0.5		0.27	0.03	-0.19	0.18	0.52	0.43	-0.21	-0.13	CTLP
ADTN	0.28	0.27		0.64	0.52	0.7	0.53	0.8	0.56	0.38	ADTN
AIOT	0.43	0.03	0.64		0.47	0.67	0.24	0.64	0.59	0.61	AIOT
IBTA	0.82	-0.19	0.52	0.47		0.53	0.08	0.42	0.85	0.58	IBTA
EXOD	0.34	0.18	0.7	0.67	0.53		0.53	0.89	0.7	0.63	EXOD
ORBS	-0.22	0.52	0.53	0.24	0.08	0.53		0.68	0.12	0.11	ORBS
DCBO	0.07	0.43	0.8	0.64	0.42	0.89	0.68		0.49	0.4	DCBO
NTGR	0.85	-0.21	0.56	0.59	0.85	0.7	0.12	0.49		0.81	NTGR
BKSY	0.72	-0.13	0.38	0.61	0.58	0.63	0.11	0.4	0.81		BKSY
	GILT	CTLP	ADTN	AIOT	IBTA	EXOD	ORBS	DCBO	NTGR	BKSY

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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

DCBO	+ 0.89	EXOD
NTGR	+ 0.85	GILT
NTGR	+ 0.85	IBTA
IBTA	+ 0.82	GILT
BKSY	+ 0.81	NTGR
DCBO	+ 0.8	ADTN

High negative correlations

CTLP	- 0.5	GILT
ORBS	- 0.22	GILT
NTGR	- 0.21	CTLP
IBTA	- 0.19	CTLP
BKSY	- 0.13	CTLP

Risk-Adjusted Indicators

There is a big difference between Ituran Stock performing well and Ituran Location 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 Ituran Location'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
GILT	2.64	0.19	0.09	0.15	2.80	(2.99)	6.84	(4.49)	15.78
CTLP	0.30	(0.05)	0.00	(0.25)	0.00	0.00	0.38	(0.56)	2.92
ADTN	2.68	(0.26)	0.00	(0.04)	0.00	0.00	5.23	(4.60)	33.40
AIOT	2.63	(0.11)	0.01	0.03	3.33	(2.90)	6.03	(4.35)	18.84
IBTA	2.63	(0.41)	0.00	(0.08)	0.00	0.00	4.29	(6.44)	33.30
EXOD	4.30	(0.77)	0.00	(0.21)	0.00	0.00	9.01	(8.34)	31.85
ORBS	89.91	41.05	3.18	2.92	10.06	(137.78)	15.70	(18.45)	3,049
DCBO	1.64	(0.66)	0.00	(0.33)	0.00	0.00	2.55	(3.61)	11.00
NTGR	2.01	(0.15)	0.00	(0.01)	0.00	0.00	2.80	(6.83)	17.77
BKSY	5.09	0.08	0.05	0.09	6.61	(5.33)	10.93	(11.45)	30.02

Ituran Location Corporate Management

Pr Kahana	CoFounder Director	Profile
Ami Saranga	Deputy Officer	Profile
Guy Aharonov	General Counsel	Profile
Udi Mizrahi	Deputy Finance	Profile

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