XTL Biopharmaceutica Related Correlations

XTLB Stock

ILS 9.00 0.10 1.12%

Generate correlation matrix for XTL Biopharmaceutica and other related equities to check the degree to which XTL Biopharmaceuticals 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 XTL Biopharmaceuticals. To filter out specific equities, please toggle its corresponding legend item. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XTL Biopharmaceuticals. 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.

Specify up to 10 symbols:

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

	NICE	LUMI	ICL	MZTF	AZRG	ESLT	DSCT	ORA	TSEM
NICE		0.58	0.65	-0.28	0.81	-0.24	0.51	-0.66	0.78	NICE
LUMI	0.58		0.9	0.44	0.74	0.09	0.93	-0.05	0.63	LUMI
ICL	0.65	0.9		0.34	0.73	0.01	0.82	-0.1	0.76	ICL
MZTF	-0.28	0.44	0.34		0.07	0.6	0.48	0.47	0.02	MZTF
AZRG	0.81	0.74	0.73	0.07		-0.11	0.7	-0.53	0.68	AZRG
ESLT	-0.24	0.09	0.01	0.6	-0.11		0.18	0.34	-0.08	ESLT
DSCT	0.51	0.93	0.82	0.48	0.7	0.18		-0.04	0.62	DSCT
ORA	-0.66	-0.05	-0.1	0.47	-0.53	0.34	-0.04		-0.38	ORA
TSEM	0.78	0.63	0.76	0.02	0.68	-0.08	0.62	-0.38		TSEM
	NICE	LUMI	ICL	MZTF	AZRG	ESLT	DSCT	ORA	TSEM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	+ 0.93	LUMI
ICL	+ 0.9	LUMI
DSCT	+ 0.82	ICL
AZRG	+ 0.81	NICE
TSEM	+ 0.78	NICE
TSEM	+ 0.76	ICL

High negative correlations

ORA	- 0.66	NICE
ORA	- 0.53	AZRG
TSEM	- 0.38	ORA
MZTF	- 0.28	NICE
ESLT	- 0.24	NICE
ESLT	- 0.11	AZRG

Risk-Adjusted Indicators

There is a big difference between XTL Stock performing well and XTL Biopharmaceutica 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 XTL Biopharmaceutica'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
NICE	1.66	0.22	0.10	0.30	1.87	(1.81)	4.26	(3.90)	13.61
LUMI	1.41	0.01	0.00	0.07	0.00	0.00	3.12	(2.29)	9.09
ICL	1.62	(0.05)	0.00	(0.13)	0.00	0.00	3.65	(3.51)	9.32
MZTF	1.69	(0.04)	0.00	0.12	0.00	0.00	4.21	(2.79)	11.57
AZRG	1.52	0.11	0.01	(0.65)	1.50	(1.89)	4.95	(2.47)	9.40
ESLT	1.08	(0.07)	0.00	0.59	0.00	0.00	2.13	(2.31)	6.69
DSCT	1.52	0.07	(0.04)	(0.01)	1.49	(1.87)	3.43	(2.18)	9.27
ORA	1.38	(0.27)	0.00	(0.40)	0.00	0.00	2.60	(3.02)	10.85
TSEM	1.75	0.15	0.03	54.01	1.92	(2.02)	4.24	(4.03)	10.98

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

2024 Macroaxis LLC

XTL Biopharmaceutica Related Correlations

Specify up to 10 symbols:

Correlations

Correlation Matchups

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY