Comtech Telecommunicatio Correlations

CMTL Stock

USD 2.35 0.07 2.89%

The current 90-days correlation between Comtech Telecommunicatio and ADTRAN Inc is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comtech Telecommunicatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comtech Telecommunications Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Comtech Telecommunicatio Correlation With Market

Modest diversification

The correlation between Comtech Telecommunications Cor and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Comtech Telecommunications Cor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Comtech Stock

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

Moving together with Comtech Stock

0.83	LPL	LG Display Earnings Call Tomorrow	Pair Corr
0.9	LITE	Lumentum Holdings Tech Boost	Pair Corr
0.64	NTGR	NETGEAR Earnings Call This Week	Pair Corr
0.71	RGTIW	Rigetti Computing Trending	Pair Corr
0.85	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.88	QUBT	Quantum Computing	Pair Corr
0.73	RGTI	Rigetti Computing Downward Rally	Pair Corr
0.79	ADTN	ADTRAN Inc	Pair Corr
0.91	AVNW	Aviat Networks	Pair Corr
0.77	CRNT	Ceragon Networks	Pair Corr
0.94	CSCO	Cisco Systems	Pair Corr
0.88	VRRM	Verra Mobility Corp	Pair Corr
0.65	ENLV	Enlivex Therapeutics	Pair Corr
0.76	FRGE	Forge Global Holdings	Pair Corr
0.89	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.66	INTC	Intel Earnings Call This Week	Pair Corr
0.83	ITRN	Ituran Location	Pair Corr
0.78	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.9	ALLT	Allot Communications	Pair Corr
0.78	AMBA	Ambarella	Pair Corr
0.81	CAMT	Camtek	Pair Corr
0.84	PFE	Pfizer Inc	Pair Corr
0.91	CAT	Caterpillar	Pair Corr
0.88	AXP	American Express	Pair Corr
0.88	DIS	Walt Disney	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr

Moving against Comtech Stock

0.45	QMCO	Quantum	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.46	KO	Coca Cola Earnings Call Today	Pair Corr
0.35	VZ	Verizon Communications Aggressive Push	Pair Corr
0.33	07274NBG7	BAYNGR 5 15	Pair Corr
0.32	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ADTN	KVHI	TSAT	DGII	TBRG	DIOD	CSGS	VSAT
ADTN		0.53	0.88	0.65	-0.66	0.83	0.43	0.86	ADTN
KVHI	0.53		0.52	0.74	-0.67	0.76	0.62	0.64	KVHI
TSAT	0.88	0.52		0.54	-0.77	0.78	0.25	0.93	TSAT
DGII	0.65	0.74	0.54		-0.58	0.91	0.87	0.66	DGII
TBRG	-0.66	-0.67	-0.77	-0.58		-0.74	-0.32	-0.75	TBRG
DIOD	0.83	0.76	0.78	0.91	-0.74		0.65	0.88	DIOD
CSGS	0.43	0.62	0.25	0.87	-0.32	0.65		0.38	CSGS
VSAT	0.86	0.64	0.93	0.66	-0.75	0.88	0.38		VSAT
	ADTN	KVHI	TSAT	DGII	TBRG	DIOD	CSGS	VSAT

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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

VSAT	+ 0.93	TSAT
DIOD	+ 0.91	DGII
TSAT	+ 0.88	ADTN
VSAT	+ 0.88	DIOD
CSGS	+ 0.87	DGII
VSAT	+ 0.86	ADTN

High negative correlations

TBRG	- 0.77	TSAT
VSAT	- 0.75	TBRG
DIOD	- 0.74	TBRG
TBRG	- 0.67	KVHI
TBRG	- 0.66	ADTN
TBRG	- 0.58	DGII

Risk-Adjusted Indicators

There is a big difference between Comtech Stock performing well and Comtech Telecommunicatio 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 Comtech Telecommunicatio'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
ADTN	2.06	0.13	0.09	0.22	1.99	(2.46)	5.11	(3.36)	12.57
KVHI	1.18	0.13	0.00	4.54	1.22	(1.58)	4.32	(2.21)	9.24
TSAT	3.05	0.56	0.17	0.69	3.04	(3.72)	7.45	(5.52)	24.31
DGII	1.35	0.21	0.14	0.33	1.24	(1.49)	2.56	(2.38)	17.79
TBRG	1.40	(0.29)	0.00	(0.10)	0.00	0.00	2.65	(3.49)	10.91
DIOD	1.97	0.51	0.25	0.52	1.55	(2.23)	5.17	(2.97)	17.03
CSGS	1.11	(0.04)	(0.05)	0.09	1.36	(1.22)	1.88	(2.28)	10.96
VSAT	2.82	0.84	0.23	1.81	2.65	(3.62)	7.79	(4.94)	18.36

Comtech Telecommunicatio Corporate Management

Maria Hedden	Chief Officer	Profile
John Ratigan	Interim Officer	Profile
Nancy CPA	Treasurer Secretary	Profile
Donald Walther	Chief Secretary	Profile
Donald JD	Chief Secretary	Profile

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