Perion Network Correlations

PERI Stock  USD 11.05  0.11  0.99%   
The current 90-days correlation between Perion Network and MediaAlpha is 0.12 (i.e., Average diversification). The correlation of Perion Network 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.

Perion Network Correlation With Market

Significant diversification

The correlation between Perion Network and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perion Network and DJI in the same portfolio, assuming nothing else is changed.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perion Network. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Perion Stock please use our How to Invest in Perion Network guide.

Moving together with Perion Stock

  0.62Z Zillow Group Class Earnings Call This WeekPairCorr
  0.63WB Weibo CorpPairCorr
  0.65ZG Zillow GroupPairCorr
  0.62ZH Zhihu Inc ADRPairCorr
  0.7FENG Phoenix New MediaPairCorr
  0.77IAC IAC IncPairCorr
  0.73TME Tencent Music EntertPairCorr
  0.67GOOG Alphabet Class C Aggressive PushPairCorr
  0.79IZEA IZEA IncPairCorr
  0.61MATH Metalpha TechnologyPairCorr
  0.66META Meta Platforms Earnings Call This WeekPairCorr
  0.66NRDS Nerdwallet Earnings Call This WeekPairCorr

Moving against Perion Stock

  0.58SLE Super League EnterprisePairCorr
  0.56CCG Cheche Group ClassPairCorr
  0.44GIFT RDE, Inc Earnings Call This WeekPairCorr
  0.42SEATW Vivid Seats WarrantPairCorr
  0.39GETY Getty Images HoldingsPairCorr
  0.36DJT Trump Media Technology Aggressive PushPairCorr
  0.58SEAT Vivid SeatsPairCorr
  0.4ONFOW Onfolio Holdings WarrantPairCorr
  0.34RMSG Real MessengerPairCorr
  0.34LCFYW Locafy LimitedPairCorr

Related Correlations Analysis

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   
METAPINS
MOMOJFIN
METAJFIN
METAMAX
PINSMOMO
METAMOMO
  
High negative correlations   
PINSSEAT
METASEAT
SEATMAX
JFINSEAT
MOMOSEAT
GOOGLSEAT

Risk-Adjusted Indicators

There is a big difference between Perion Stock performing well and Perion Network 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 Perion Network'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.

Perion Network Corporate Management

Mina NaguibChief OfficerProfile
Kenny LauChief SolutionsProfile
Erin McCallionChief OfficerProfile
Rami RozenVice RelationsProfile
Avi ZimakChief OfficerProfile
Elad TzuberyChief OfficerProfile