Radware Correlations

RDWR Stock

USD 29.17 0.58 2.03%

The current 90-days correlation between Radware and CSG Systems International is 0.09 (i.e., Significant diversification). The correlation of Radware 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.

Radware Correlation With Market

Modest diversification

The correlation between Radware and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Radware and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Radware. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Radware Stock, please use our How to Invest in Radware guide.

Moving together with Radware Stock

0.87	LPL	LG Display Earnings Call This Week	Pair Corr
0.73	GILT	Gilat Satellite Networks	Pair Corr
0.88	LITE	Lumentum Holdings	Pair Corr
0.9	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.85	ADTN	ADTRAN Inc	Pair Corr
0.87	AVNW	Aviat Networks	Pair Corr
0.72	CRNT	Ceragon Networks	Pair Corr
0.89	CSCO	Cisco Systems	Pair Corr
0.81	VRRM	Verra Mobility Corp	Pair Corr
0.83	ENLV	Enlivex Therapeutics	Pair Corr
0.9	FRGE	Forge Global Holdings	Pair Corr
0.89	IBM	International Business Earnings Call This Week	Pair Corr
0.79	INTC	Intel Earnings Call This Week	Pair Corr
0.73	ITRN	Ituran Location	Pair Corr
0.67	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.71	ALLT	Allot Communications	Pair Corr
0.72	AMBA	Ambarella	Pair Corr
0.92	CAMT	Camtek	Pair Corr
0.88	PFE	Pfizer Inc	Pair Corr
0.89	CAT	Caterpillar	Pair Corr
0.84	AXP	American Express	Pair Corr
0.8	DIS	Walt Disney	Pair Corr
0.8	AA	Alcoa Corp	Pair Corr

Moving against Radware Stock

0.72	QMCO	Quantum	Pair Corr
0.85	MCD	McDonalds	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.55	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.53	KO	Coca Cola Earnings Call Tomorrow	Pair Corr
0.39	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	CSGS	GB	EVTC	VRNT	AUDC	RDCM	ALLT	SPNS	NVMI
CSGS		0.23	0.86	0.38	0.09	0.84	0.72	0.59	0.38	CSGS
GB	0.23		0.35	-0.32	-0.04	0.07	-0.14	-0.13	-0.17	GB
EVTC	0.86	0.35		0.2	-0.04	0.71	0.61	0.46	0.15	EVTC
VRNT	0.38	-0.32	0.2		0.48	0.58	0.56	0.81	0.82	VRNT
AUDC	0.09	-0.04	-0.04	0.48		0.3	0.35	0.4	0.58	AUDC
RDCM	0.84	0.07	0.71	0.58	0.3		0.75	0.76	0.58	RDCM
ALLT	0.72	-0.14	0.61	0.56	0.35	0.75		0.77	0.69	ALLT
SPNS	0.59	-0.13	0.46	0.81	0.4	0.76	0.77		0.79	SPNS
NVMI	0.38	-0.17	0.15	0.82	0.58	0.58	0.69	0.79		NVMI
	CSGS	GB	EVTC	VRNT	AUDC	RDCM	ALLT	SPNS	NVMI

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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

EVTC	+ 0.86	CSGS
RDCM	+ 0.84	CSGS
NVMI	+ 0.82	VRNT
SPNS	+ 0.81	VRNT
NVMI	+ 0.79	SPNS
SPNS	+ 0.77	ALLT

High negative correlations

VRNT	- 0.32	GB
NVMI	- 0.17	GB
ALLT	- 0.14	GB
SPNS	- 0.13	GB
AUDC	- 0.04	EVTC
AUDC	- 0.04	GB

Risk-Adjusted Indicators

There is a big difference between Radware Stock performing well and Radware 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 Radware'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
CSGS	1.10	(0.04)	(0.04)	0.09	1.36	(1.21)	1.88	(2.28)	10.96
GB	0.24	(0.03)	0.00	(0.29)	0.00	0.00	0.40	(0.40)	3.25
EVTC	1.16	(0.15)	(0.08)	(0.01)	1.62	(1.07)	2.35	(2.57)	6.43
VRNT	2.46	0.20	0.09	0.25	2.60	(2.65)	5.67	(4.82)	20.15
AUDC	1.87	0.08	0.04	0.19	2.37	(2.29)	3.64	(2.25)	15.19
RDCM	2.28	0.31	0.11	0.49	2.17	(2.54)	5.42	(3.57)	12.31
ALLT	3.55	0.28	0.10	0.24	4.12	(3.83)	7.97	(6.10)	40.78
SPNS	1.09	0.11	0.06	0.28	1.03	(1.24)	2.70	(2.12)	6.25
NVMI	2.35	0.47	0.22	0.46	1.98	(2.90)	6.60	(3.03)	15.15

Radware Corporate Management

Alexander Krakhofer	Head DACH	Profile
Guy CPA	Chief Officer	Profile
Guy Avidan	Chief Officer	Profile
Riki Goldreich	Chief Officer	Profile

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