Qualitau Correlations

QLTU Stock

ILA 58,620 2,180 3.59%

The current 90-days correlation between Qualitau and Unitronics is 0.01 (i.e., Significant diversification). The correlation of Qualitau 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.

Qualitau Correlation With Market

Average diversification

The correlation between Qualitau and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qualitau and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Qualitau Stock

0.76	MGDL	Migdal Insurance	Pair Corr
0.82	LUMI	Bank Leumi Le	Pair Corr
0.74	CLIS	Clal Insurance Enter	Pair Corr
0.82	PHOE	Phoenix Holdings	Pair Corr
0.81	FIBIH	FIBI Holdings	Pair Corr
0.71	MZTF	Mizrahi Tefahot	Pair Corr
0.81	FIBI	First International Bank	Pair Corr
0.83	DSCT	Israel Discount Bank	Pair Corr
0.79	MMHD	Menora Miv Hld	Pair Corr
0.81	HARL	Harel Insurance Inve	Pair Corr
0.81	ISOP-L	Israel Opportunity	Pair Corr
0.8	MVNE	Mivne Real Estate	Pair Corr
0.9	ILDR	Israel Land Development	Pair Corr
0.87	ANLT	Analyst IMS Investment	Pair Corr
0.78	PLNT	Plantarc Bio	Pair Corr
0.73	BLGO	Buligo Capital	Pair Corr
0.72	BRIH	Rav Bariach 08	Pair Corr
0.7	PRTC	Priortech	Pair Corr
0.72	PTNR	Partner	Pair Corr
0.79	TPGM	Top Gum Industries	Pair Corr
0.7	PRMG	Primotec Group	Pair Corr
0.66	LBTL	Libental	Pair Corr
0.82	MAXO	Max Stock	Pair Corr
0.74	BIG	Big Shopping Centers	Pair Corr
0.89	0P00013UB9	Yelin Lapidot Growth	Pair Corr

Moving against Qualitau Stock

0.47	NAWI	Nawi Brothers Group	Pair Corr
0.43	CRMT	Carmit	Pair Corr
0.35	INBR	Inbar Group Finance	Pair Corr

Related Correlations Analysis

	GILT	ECP	PRTC	TLSY	CMDR	MLTM	AFHL	MGIC	UNIT	ARD
GILT		-0.43	0.87	-0.43	0.14	0.64	0.38	0.0	0.21	-0.19	GILT
ECP	-0.43		-0.55	0.19	0.07	-0.34	-0.44	-0.16	0.07	0.24	ECP
PRTC	0.87	-0.55		-0.08	0.36	0.72	0.68	0.33	0.19	-0.48	PRTC
TLSY	-0.43	0.19	-0.08		0.4	-0.04	0.42	0.68	-0.17	-0.33	TLSY
CMDR	0.14	0.07	0.36	0.4		0.5	0.71	0.6	0.15	-0.5	CMDR
MLTM	0.64	-0.34	0.72	-0.04	0.5		0.6	0.3	0.65	-0.32	MLTM
AFHL	0.38	-0.44	0.68	0.42	0.71	0.6		0.85	-0.05	-0.61	AFHL
MGIC	0.0	-0.16	0.33	0.68	0.6	0.3	0.85		-0.22	-0.52	MGIC
UNIT	0.21	0.07	0.19	-0.17	0.15	0.65	-0.05	-0.22		0.09	UNIT
ARD	-0.19	0.24	-0.48	-0.33	-0.5	-0.32	-0.61	-0.52	0.09		ARD
	GILT	ECP	PRTC	TLSY	CMDR	MLTM	AFHL	MGIC	UNIT	ARD

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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

PRTC	+ 0.87	GILT
MGIC	+ 0.85	AFHL
MLTM	+ 0.72	PRTC
AFHL	+ 0.71	CMDR
AFHL	+ 0.68	PRTC
MGIC	+ 0.68	TLSY

High negative correlations

ARD	- 0.61	AFHL
PRTC	- 0.55	ECP
ARD	- 0.52	MGIC
ARD	- 0.5	CMDR
ARD	- 0.48	PRTC
AFHL	- 0.44	ECP

Risk-Adjusted Indicators

There is a big difference between Qualitau Stock performing well and Qualitau 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 Qualitau'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	2.46	0.48	0.12	0.95	3.08	(2.63)	5.65	(4.31)	20.63
ECP	2.13	(0.14)	0.00	0.50	0.00	0.00	4.89	(4.35)	10.45
PRTC	2.61	0.38	0.16	0.33	2.36	(3.38)	6.02	(4.86)	17.87
TLSY	1.60	0.06	(0.01)	(0.80)	1.88	(1.67)	3.26	(2.88)	9.90
CMDR	1.17	0.12	0.04	0.50	1.22	(1.30)	3.04	(2.34)	5.95
MLTM	1.83	0.18	0.05	0.72	2.35	(2.04)	4.30	(3.41)	16.31
AFHL	1.69	0.73	0.49	3.35	0.84	(2.30)	4.70	(2.01)	8.66
MGIC	1.91	0.33	0.12	2.90	1.88	(1.98)	3.38	(2.93)	13.40
UNIT	1.92	(0.04)	0.00	0.14	0.00	0.00	4.50	(5.01)	12.33
ARD	1.45	0.06	(0.02)	(0.18)	1.58	(1.89)	3.34	(2.73)	13.74

Be your own money manager

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