Israel Discount Beta vs. Price to Book

DSCT Stock  ILS 1,880  22.86  1.23%   
Based on Israel Discount's profitability indicators, Israel Discount Bank may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in April. Profitability indicators assess Israel Discount's ability to earn profits and add value for shareholders.
For Israel Discount profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Israel Discount to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Israel Discount Bank utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Israel Discount's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Israel Discount Bank over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Israel Discount's value and its price as these two are different measures arrived at by different means. Investors typically determine if Israel Discount is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Israel Discount's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Israel Discount Bank Price to Book vs. Beta Fundamental Analysis

Israel Price to Book vs. Beta

Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Israel Discount

Beta

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Covariance

Variance

 = 
0.67
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Israel Discount

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Use Israel Discount in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Israel Discount position performs unexpectedly, the other equity 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 Israel Discount will appreciate offsetting losses from the drop in the long position's value.

Israel Discount Pair Trading

Israel Discount Bank Pair Trading Analysis

The ability to find closely correlated positions to Israel Discount could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Israel Discount 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 Israel Discount - 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 Israel Discount Bank to buy it.
The correlation of Israel Discount 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Israel Discount moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Israel Discount Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Israel Discount can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Israel Discount position

In addition to having Israel Discount in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Synthetics Thematic Idea Now

Synthetics
Synthetics Theme
Companies involved in production of silicon and other synthetic products . The Synthetics theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Synthetics Theme or any other thematic opportunities.
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You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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To fully project Israel Discount's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Israel Discount Bank at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Israel Discount's income statement, its balance sheet, and the statement of cash flows.
Potential Israel Discount investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Israel Discount investors may work on each financial statement separately, they are all related. The changes in Israel Discount's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Israel Discount's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.