Perion Network Correlations
PERI Stock | USD 11.06 0.10 0.90% |
The current 90-days correlation between Perion Network and MediaAlpha is -0.03 (i.e., Good 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 0.03 (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.
Moving together with Perion Stock
0.64 | Z | Zillow Group Class Earnings Call This Week | PairCorr |
0.64 | WB | Weibo Corp | PairCorr |
0.64 | ZG | Zillow Group | PairCorr |
0.62 | ZH | Zhihu Inc ADR | PairCorr |
0.7 | FENG | Phoenix New Media | PairCorr |
0.78 | IAC | IAC Inc | PairCorr |
0.72 | TME | Tencent Music Entert | PairCorr |
0.69 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
0.67 | META | Meta Platforms Earnings Call This Week | PairCorr |
0.62 | NRDS | Nerdwallet Earnings Call This Week | PairCorr |
Moving against Perion Stock
0.58 | SLE | Super League Enterprise Downward Rally | PairCorr |
0.57 | CCG | Cheche Group Class Earnings Call Today | PairCorr |
0.43 | GIFT | RDE, Inc Earnings Call This Week | PairCorr |
0.41 | SEATW | Vivid Seats Warrant | PairCorr |
0.4 | GETY | Getty Images Holdings | PairCorr |
0.35 | DJT | Trump Media Technology | PairCorr |
0.57 | SEAT | Vivid Seats | PairCorr |
0.51 | RMSG | Real Messenger | PairCorr |
0.42 | ONFOW | Onfolio Holdings Warrant | PairCorr |
Related Correlations Analysis
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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
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
MAX | 1.92 | 0.44 | 0.12 | 2.16 | 1.75 | 4.09 | 18.23 | |||
SEAT | 4.07 | (0.79) | 0.00 | (0.11) | 0.00 | 7.27 | 44.91 | |||
JFIN | 3.10 | 0.75 | 0.16 | (3.97) | 2.62 | 8.26 | 18.67 | |||
MOMO | 1.81 | 0.79 | 0.34 | (9.08) | 1.01 | 5.05 | 16.57 | |||
PINS | 1.65 | 0.39 | 0.33 | 0.53 | 0.78 | 4.88 | 15.07 | |||
SNAP | 2.57 | (0.10) | 0.06 | 0.19 | 2.94 | 7.13 | 16.82 | |||
GOOGL | 1.36 | 0.28 | 0.09 | 0.76 | 1.60 | 2.88 | 9.83 | |||
BIDU | 1.58 | 0.02 | (0.03) | 0.27 | 2.10 | 3.98 | 16.13 | |||
META | 1.43 | 0.30 | 0.31 | 0.47 | 0.58 | 3.99 | 10.48 |
Perion Network Corporate Management
Mina Naguib | Chief Officer | Profile | |
Kenny Lau | Chief Solutions | Profile | |
Erin McCallion | Chief Officer | Profile | |
Rami Rozen | Vice Relations | Profile | |
Avi Zimak | Chief Officer | Profile | |
Elad Tzubery | Chief Officer | Profile |