Tower Semiconductor Correlations

TSEM Stock

ILA 38,510 460.00 1.18%

The current 90-days correlation between Tower Semiconductor and Nova is 0.3 (i.e., Weak diversification). The correlation of Tower Semiconductor 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.

Tower Semiconductor Correlation With Market

Significant diversification

The correlation between Tower Semiconductor and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tower Semiconductor and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tower Stock

0.88	MGDL	Migdal Insurance	Pair Corr
0.95	LUMI	Bank Leumi Le	Pair Corr
0.88	CLIS	Clal Insurance Enter	Pair Corr
0.89	PHOE	Phoenix Holdings	Pair Corr
0.9	FIBIH	FIBI Holdings	Pair Corr
0.91	MZTF	Mizrahi Tefahot	Pair Corr
0.91	FIBI	First International Bank	Pair Corr
0.92	DSCT	Israel Discount Bank	Pair Corr
0.92	MMHD	Menora Miv Hld	Pair Corr
0.92	HARL	Harel Insurance Inve	Pair Corr
0.75	ISOP-L	Israel Opportunity	Pair Corr
0.77	MVNE	Mivne Real Estate	Pair Corr
0.93	ILDR	Israel Land Development	Pair Corr
0.91	ANLT	Analyst IMS Investment	Pair Corr
0.87	QLTU	Qualitau	Pair Corr
0.77	PLNT	Plantarc Bio	Pair Corr
0.84	BLGO	Buligo Capital	Pair Corr
0.93	PTNR	Partner	Pair Corr
0.86	TPGM	Top Gum Industries	Pair Corr
0.9	PRMG	Primotec Group	Pair Corr
0.72	IDIN	IDI Insurance	Pair Corr
0.84	MAXO	Max Stock	Pair Corr
0.75	BIG	Big Shopping Centers	Pair Corr
0.89	0P00013UB9	Yelin Lapidot Growth	Pair Corr

Moving against Tower Stock

0.42	NAWI	Nawi Brothers Group	Pair Corr
0.36	CRMT	Carmit	Pair Corr

Related Correlations Analysis

	NVMI	CAMT	NICE	QLTU	UNIT	SPNS	MTRX	FORTY	PRTC	ONE
NVMI		0.89	-0.09	0.57	-0.15	-0.42	0.1	0.32	0.71	0.29	NVMI
CAMT	0.89		-0.26	0.6	0.02	-0.53	0.2	0.37	0.89	0.37	CAMT
NICE	-0.09	-0.26		-0.76	0.12	0.69	-0.9	-0.82	-0.51	-0.76	NICE
QLTU	0.57	0.6	-0.76		-0.25	-0.79	0.81	0.91	0.7	0.85	QLTU
UNIT	-0.15	0.02	0.12	-0.25		-0.19	-0.21	-0.27	0.19	0.03	UNIT
SPNS	-0.42	-0.53	0.69	-0.79	-0.19		-0.72	-0.76	-0.72	-0.84	SPNS
MTRX	0.1	0.2	-0.9	0.81	-0.21	-0.72		0.95	0.4	0.86	MTRX
FORTY	0.32	0.37	-0.82	0.91	-0.27	-0.76	0.95		0.49	0.89	FORTY
PRTC	0.71	0.89	-0.51	0.7	0.19	-0.72	0.4	0.49		0.6	PRTC
ONE	0.29	0.37	-0.76	0.85	0.03	-0.84	0.86	0.89	0.6		ONE
	NVMI	CAMT	NICE	QLTU	UNIT	SPNS	MTRX	FORTY	PRTC	ONE

Please upgrade your account to get full access to Macroaxis premium features

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

FORTY	+ 0.95	MTRX
FORTY	+ 0.91	QLTU
CAMT	+ 0.89	NVMI
PRTC	+ 0.89	CAMT
ONE	+ 0.89	FORTY
ONE	+ 0.86	MTRX

High negative correlations

MTRX	- 0.9	NICE
ONE	- 0.84	SPNS
FORTY	- 0.82	NICE
SPNS	- 0.79	QLTU
FORTY	- 0.76	SPNS
ONE	- 0.76	NICE

Risk-Adjusted Indicators

There is a big difference between Tower Stock performing well and Tower Semiconductor 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 Tower Semiconductor'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
NVMI	1.96	0.20	0.07	0.28	2.49	(2.31)	4.45	(3.87)	17.37
CAMT	2.69	0.27	0.10	0.28	2.52	(3.78)	6.85	(4.06)	20.82
NICE	2.00	(0.39)	0.00	5.90	0.00	0.00	4.18	(4.35)	23.33
QLTU	2.09	0.58	0.21	1.18	2.03	(2.63)	4.80	(3.65)	11.90
UNIT	1.92	(0.04)	0.00	0.14	0.00	0.00	4.50	(5.01)	12.33
SPNS	0.44	(0.07)	0.00	(0.39)	0.00	0.00	0.85	(1.11)	3.09
MTRX	1.66	0.27	0.10	1.34	1.78	(2.00)	3.80	(2.82)	11.88
FORTY	1.72	0.34	0.12	77.94	1.92	(1.96)	3.82	(3.43)	11.36
PRTC	2.61	0.38	0.16	0.33	2.36	(3.38)	6.02	(4.86)	17.87
ONE	1.95	0.15	0.03	(1.63)	2.30	(2.05)	3.51	(3.69)	9.84

Be your own money manager

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

Did you try this?

Run Risk-Return Analysis Now

Risk-Return Analysis

View associations between returns expected from investment and the risk you assume

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC