Lapidoth Correlations

LAPD Stock

ILS 9,800 400.00 3.92%

The current 90-days correlation between Lapidoth and Equital is -0.18 (i.e., Good diversification). The correlation of Lapidoth 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.

Lapidoth Correlation With Market

Good diversification

The correlation between Lapidoth and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lapidoth and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lapidoth Stock

0.87	MGDL	Migdal Insurance	Pair Corr
0.7	PHOE	Phoenix Holdings	Pair Corr
0.86	HARL	Harel Insurance Inve	Pair Corr
0.79	CLIS	Clal Insurance Enter	Pair Corr
0.87	LUMI	Bank Leumi Le	Pair Corr
0.86	MMHD	Menora Miv Hld	Pair Corr
0.8	PZOL	Paz Oil	Pair Corr
0.84	DSCT	Israel Discount Bank	Pair Corr
0.87	IBI	IBI Inv House	Pair Corr
0.88	QLTU	Qualitau	Pair Corr
0.65	FBRT	FMS Enterprises Migun	Pair Corr
0.92	TTAM	Tiv Taam	Pair Corr
0.66	MVNE	Mivne Real Estate	Pair Corr
0.87	AFPR	Afi Properties	Pair Corr
0.75	MTDS	Meitav Dash Investments	Pair Corr
0.83	ARNA	Arena Star Group	Pair Corr
0.88	IES	IES Holdings	Pair Corr
0.91	YHNF	M Yochananof	Pair Corr
0.82	GLTL	Gilat Telecom Global	Pair Corr
0.83	KEN	Kenon Holdings	Pair Corr

Related Correlations Analysis

	RATI	EQTL	ISRA	TMRP	NFTA	ENOG	ORL	DRAL	NOFR	LPHL
RATI		0.12	0.59	0.23	0.26	0.29	-0.04	-0.06	0.35	-0.21	RATI
EQTL	0.12		0.41	-0.53	0.46	0.35	0.78	0.82	-0.09	0.22	EQTL
ISRA	0.59	0.41		0.2	0.16	0.15	0.36	0.32	0.31	0.45	ISRA
TMRP	0.23	-0.53	0.2		-0.18	-0.08	-0.59	-0.77	0.36	-0.02	TMRP
NFTA	0.26	0.46	0.16	-0.18		0.65	0.16	0.2	0.01	-0.21	NFTA
ENOG	0.29	0.35	0.15	-0.08	0.65		0.21	0.06	-0.19	-0.27	ENOG
ORL	-0.04	0.78	0.36	-0.59	0.16	0.21		0.86	-0.42	0.45	ORL
DRAL	-0.06	0.82	0.32	-0.77	0.2	0.06	0.86		-0.22	0.37	DRAL
NOFR	0.35	-0.09	0.31	0.36	0.01	-0.19	-0.42	-0.22		-0.09	NOFR
LPHL	-0.21	0.22	0.45	-0.02	-0.21	-0.27	0.45	0.37	-0.09		LPHL
	RATI	EQTL	ISRA	TMRP	NFTA	ENOG	ORL	DRAL	NOFR	LPHL

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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

DRAL	+ 0.86	ORL
DRAL	+ 0.82	EQTL
ORL	+ 0.78	EQTL
ENOG	+ 0.65	NFTA
ISRA	+ 0.59	RATI
NFTA	+ 0.46	EQTL

High negative correlations

DRAL	- 0.77	TMRP
ORL	- 0.59	TMRP
TMRP	- 0.53	EQTL
NOFR	- 0.42	ORL
LPHL	- 0.27	ENOG
NOFR	- 0.22	DRAL

Risk-Adjusted Indicators

There is a big difference between Lapidoth Stock performing well and Lapidoth 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 Lapidoth'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
RATI	1.44	0.02	(0.01)	0.11	1.71	(1.65)	3.19	(2.87)	7.86
EQTL	1.87	0.21	0.04	(0.40)	2.11	(2.00)	3.86	(3.19)	12.09
ISRA	1.85	0.28	0.06	(0.56)	2.15	(1.99)	5.01	(3.23)	14.78
TMRP	1.81	0.01	0.00	0.06	0.00	0.00	3.23	(4.31)	16.51
NFTA	1.24	0.00	(0.05)	0.05	1.50	(1.41)	3.59	(2.50)	8.15
ENOG	1.63	0.01	0.00	0.06	0.00	0.00	3.37	(2.92)	11.76
ORL	1.70	0.21	0.07	(12.16)	1.74	(2.03)	3.87	(3.29)	8.59
DRAL	0.98	0.33	0.15	(2.09)	1.14	(1.25)	2.90	(0.92)	10.06
NOFR	1.72	0.03	(0.02)	0.73	2.18	(2.07)	3.99	(4.24)	11.75
LPHL	1.04	0.31	0.11	(2.38)	0.92	(1.77)	2.56	(1.61)	22.93

Be your own money manager

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

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

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