Alarum Technologies Correlations

ALAR Stock

11.92 0.22 1.81%

The current 90-days correlation between Alarum Technologies and Cemtrex is 0.06 (i.e., Significant diversification). The correlation of Alarum Technologies 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Alarum Technologies Correlation With Market

Average diversification

The correlation between Alarum Technologies and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alarum Technologies and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alarum Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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Moving together with Alarum Stock

0.77	BB	BlackBerry	Pair Corr
0.73	JG	Aurora Mobile	Pair Corr
0.81	MQ	Marqeta	Pair Corr
0.8	NN	Nextnav Acquisition Corp	Pair Corr
0.64	ZS	Zscaler	Pair Corr
0.78	VRNS	Varonis Systems	Pair Corr
0.64	VRNT	Verint Systems	Pair Corr
0.77	FFIV	F5 Networks	Pair Corr
0.62	FLYW	Flywire Corp	Pair Corr
0.78	FOUR	Shift4 Payments	Pair Corr
0.67	DLO	Dlocal	Pair Corr
0.7	GEN	Gen Digital	Pair Corr
0.72	GENVR	Gen Digital Contingent	Pair Corr
0.76	MDB	MongoDB	Pair Corr
0.83	NET	Cloudflare	Pair Corr
0.81	PGY	Pagaya Technologies Trending	Pair Corr

Moving against Alarum Stock

0.6	VERI	Veritone Tech Boost	Pair Corr
0.55	DTSS	Datasea	Pair Corr
0.48	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.39	S	SentinelOne	Pair Corr
0.38	DOCN	DigitalOcean Holdings	Pair Corr
0.32	FATN	FatPipe, Common Stock	Pair Corr
0.83	XBP	XBP Europe Holdings	Pair Corr
0.55	GDDY	Godaddy	Pair Corr
0.54	PAY	Paymentus Holdings	Pair Corr
0.52	DBX	Dropbox	Pair Corr
0.52	IOT	Samsara	Pair Corr

Related Correlations Analysis

	GCT	ARQQ	TLS	CETX	ONFO	WLDS	ELEV	HTCR	OKYO
GCT		0.51	0.37	-0.13	-0.43	-0.33	0.2	-0.53	0.57	GCT
ARQQ	0.51		0.51	-0.35	-0.08	-0.28	0.34	-0.52	0.82	ARQQ
TLS	0.37	0.51		-0.22	0.04	-0.19	0.36	-0.5	0.62	TLS
CETX	-0.13	-0.35	-0.22		0.27	-0.04	-0.33	0.11	-0.4	CETX
ONFO	-0.43	-0.08	0.04	0.27		0.18	0.05	0.07	-0.11	ONFO
WLDS	-0.33	-0.28	-0.19	-0.04	0.18		-0.09	0.07	-0.29	WLDS
ELEV	0.2	0.34	0.36	-0.33	0.05	-0.09		-0.5	0.35	ELEV
HTCR	-0.53	-0.52	-0.5	0.11	0.07	0.07	-0.5		-0.6	HTCR
OKYO	0.57	0.82	0.62	-0.4	-0.11	-0.29	0.35	-0.6		OKYO
	GCT	ARQQ	TLS	CETX	ONFO	WLDS	ELEV	HTCR	OKYO

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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

OKYO	+ 0.82	ARQQ
OKYO	+ 0.62	TLS
OKYO	+ 0.57	GCT
ARQQ	+ 0.51	GCT
TLS	+ 0.51	ARQQ
TLS	+ 0.37	GCT

High negative correlations

OKYO	- 0.6	HTCR
HTCR	- 0.53	GCT
HTCR	- 0.52	ARQQ
HTCR	- 0.5	ELEV
HTCR	- 0.5	TLS
ONFO	- 0.43	GCT

Risk-Adjusted Indicators

There is a big difference between Alarum Stock performing well and Alarum Technologies 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 Alarum Technologies' 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
GCT	2.89	0.72	0.30	0.63	2.20	(3.62)	6.93	(3.89)	15.87
ARQQ	6.12	1.99	0.36	1.40	4.56	(7.23)	22.06	(7.82)	42.33
TLS	3.30	(0.02)	0.04	0.12	4.75	(3.66)	6.81	(5.34)	36.27
CETX	4.85	0.46	0.04	0.63	10.11	(5.14)	12.61	(8.95)	75.08
ONFO	2.61	0.37	0.06	(1.57)	2.87	(3.35)	6.12	(3.92)	15.43
WLDS	5.56	(0.13)	(0.01)	0.02	7.34	(7.23)	12.68	(13.48)	68.86
ELEV	3.60	0.58	0.08	(1.79)	3.37	(6.21)	9.09	(6.67)	29.95
HTCR	4.44	(0.45)	0.00	(0.16)	0.00	0.00	9.30	(10.81)	41.87
OKYO	5.21	1.83	0.23	(2.93)	5.37	(5.79)	12.56	(10.81)	33.92

Alarum Technologies Corporate Management

Moshe Kramer	Senior RD	Profile
Ezra Muallem	Chief Officer	Profile
Tomer Cohen	Chief Officer	Profile
Shai CPA	Chief Officer	Profile
Omer Weiss	Compliance Counsel	Profile
David Matrikin	Vice NetNut	Profile

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