Ceragon Networks Correlations

CRNT Stock

USD 2.08 0.04 1.89%

The current 90-days correlation between Ceragon Networks and AudioCodes is 0.21 (i.e., Modest diversification). The correlation of Ceragon Networks 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.

Ceragon Networks Correlation With Market

Weak diversification

The correlation between Ceragon Networks and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ceragon Networks and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ceragon Stock

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

For more information on how to buy Ceragon Stock please use our How to Invest in Ceragon Networks guide.

Moving together with Ceragon Stock

0.87	IDCC	InterDigital	Pair Corr
0.8	CVI	CVR Energy	Pair Corr
0.73	CPA	Copa Holdings SA Earnings Call This Week	Pair Corr
0.76	PATH	Uipath Inc	Pair Corr
0.82	UEC	Uranium Energy Corp	Pair Corr
0.63	BK	Bank of New York	Pair Corr
0.63	GS	Goldman Sachs Group	Pair Corr
0.7	PLG	Platinum Group Metals	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr
0.86	GE	GE Aerospace	Pair Corr
0.75	IBM	International Business	Pair Corr

Moving against Ceragon Stock

0.75	VZ	Verizon Communications Aggressive Push	Pair Corr
0.7	T	ATT Inc Aggressive Push	Pair Corr
0.66	PG	Procter Gamble	Pair Corr
0.66	DIS	Walt Disney	Pair Corr
0.63	MCD	McDonalds	Pair Corr
0.54	BA	Boeing Sell-off Trend	Pair Corr
0.44	HD	Home Depot Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AUDC	INSG	LTRX	BKTI	IMMR	MEI	ONTF	DMRC	PERF	EB
AUDC		-0.14	0.06	0.3	0.47	0.7	0.38	0.34	0.05	0.69	AUDC
INSG	-0.14		0.77	0.52	0.11	0.12	0.19	0.43	0.08	-0.53	INSG
LTRX	0.06	0.77		0.4	0.03	0.06	0.13	0.22	-0.06	-0.23	LTRX
BKTI	0.3	0.52	0.4		0.38	0.32	0.43	0.57	-0.04	0.08	BKTI
IMMR	0.47	0.11	0.03	0.38		0.47	0.39	0.43	0.13	0.31	IMMR
MEI	0.7	0.12	0.06	0.32	0.47		0.61	0.49	0.28	0.49	MEI
ONTF	0.38	0.19	0.13	0.43	0.39	0.61		0.53	0.1	0.41	ONTF
DMRC	0.34	0.43	0.22	0.57	0.43	0.49	0.53		0.2	0.12	DMRC
PERF	0.05	0.08	-0.06	-0.04	0.13	0.28	0.1	0.2		-0.07	PERF
EB	0.69	-0.53	-0.23	0.08	0.31	0.49	0.41	0.12	-0.07		EB
	AUDC	INSG	LTRX	BKTI	IMMR	MEI	ONTF	DMRC	PERF	EB

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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

LTRX	+ 0.77	INSG
MEI	+ 0.7	AUDC
EB	+ 0.69	AUDC
ONTF	+ 0.61	MEI
DMRC	+ 0.57	BKTI
DMRC	+ 0.53	ONTF

High negative correlations

EB	- 0.53	INSG
EB	- 0.23	LTRX
INSG	- 0.14	AUDC
EB	- 0.07	PERF
PERF	- 0.06	LTRX
PERF	- 0.04	BKTI

Risk-Adjusted Indicators

There is a big difference between Ceragon Stock performing well and Ceragon Networks 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 Ceragon Networks' 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
AUDC	1.57	(0.19)	0.00	(0.05)	0.00	0.00	3.50	(4.02)	10.20
INSG	3.39	0.32	0.08	0.20	4.88	(3.41)	6.26	(6.75)	24.82
LTRX	3.82	0.55	0.15	0.44	3.59	(4.71)	9.25	(5.54)	38.28
BKTI	2.91	(0.07)	0.00	0.03	4.00	(2.83)	4.58	(6.10)	19.57
IMMR	1.33	(0.24)	0.00	(0.12)	0.00	0.00	3.69	(3.14)	9.04
MEI	2.23	(0.02)	0.01	0.06	3.13	(2.16)	4.73	(4.27)	21.00
ONTF	1.93	(0.01)	0.04	0.06	2.20	(2.21)	3.13	(3.75)	14.80
DMRC	3.34	(0.44)	0.00	(0.05)	0.00	0.00	6.55	(7.50)	19.11
PERF	2.44	(0.09)	(0.02)	0.00	3.01	(2.99)	6.25	(5.70)	17.60
EB	2.63	(0.12)	(0.02)	0.00	3.02	(3.02)	4.38	(4.68)	22.33

Ceragon Networks Corporate Management

Zvi Maayan	Gen VP	Profile
Adrian Hipkiss	Regional Kinetics	Profile
Maya Lustig	Head Relations	Profile
Mario Querner	Regional Arica	Profile
Ronen Stein	Chief Officer	Profile
Ronen Rotstein	Regional America	Profile

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