Bank Leumi Related Correlations

LUMI Stock

ILS 2,785 54.00 1.90%

Generate correlation matrix for Bank Leumi and other related equities to check the degree to which Bank Leumi Le Israel price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Bank Leumi Le Israel. To filter out specific equities, please toggle its corresponding legend item. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Bank Leumi Le Israel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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Please note, there is a significant difference between Bank Leumi's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank Leumi is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank Leumi'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.

Correlations

	POLI	DSCT	MZTF	BEZQ	ESLT
POLI		0.88	0.34	-0.31	-0.09	POLI
DSCT	0.88		0.5	-0.28	0.07	DSCT
MZTF	0.34	0.5		0.49	0.46	MZTF
BEZQ	-0.31	-0.28	0.49		0.25	BEZQ
ESLT	-0.09	0.07	0.46	0.25		ESLT
	POLI	DSCT	MZTF	BEZQ	ESLT

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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

DSCT	+ 0.88	POLI
MZTF	+ 0.5	DSCT
BEZQ	+ 0.49	MZTF
ESLT	+ 0.46	MZTF
MZTF	+ 0.34	POLI
ESLT	+ 0.25	BEZQ

High negative correlations

BEZQ	- 0.31	POLI
BEZQ	- 0.28	DSCT
ESLT	- 0.09	POLI

Risk-Adjusted Indicators

There is a big difference between Bank Stock performing well and Bank Leumi 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 Bank Leumi'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
POLI	1.29	0.00	(0.03)	0.04	1.38	(1.49)	2.80	(2.28)	7.52
DSCT	1.49	0.01	(0.02)	0.08	1.46	(1.85)	3.43	(2.18)	9.27
MZTF	1.65	(0.08)	0.00	(0.84)	0.00	0.00	4.21	(2.79)	11.57
BEZQ	0.90	(0.17)	0.00	(0.66)	0.00	0.00	2.15	(1.69)	5.75
ESLT	1.07	(0.03)	0.00	0.19	0.00	0.00	2.13	(2.31)	6.69

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Bank Leumi Related Correlations

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