Correlation Between SatixFy Communications and Radcom

Can any of the company-specific risk be diversified away by investing in both SatixFy Communications and Radcom at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining SatixFy Communications and Radcom into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between SatixFy Communications and Radcom, you can compare the effects of market volatilities on SatixFy Communications and Radcom and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in SatixFy Communications with a short position of Radcom. Check out your portfolio center. Please also check ongoing floating volatility patterns of SatixFy Communications and Radcom.

Diversification Opportunities for SatixFy Communications and Radcom

0.0

Correlation Coefficient

SatixFy Communications  Radcom

Pay attention - limited upside

The 3 months correlation between SatixFy and Radcom is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding SatixFy Communications and Radcom in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Radcom and SatixFy Communications is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on SatixFy Communications are associated (or correlated) with Radcom. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Radcom has no effect on the direction of SatixFy Communications i.e., SatixFy Communications and Radcom go up and down completely randomly.

Pair Corralation between SatixFy Communications and Radcom

If you would invest  1,447  in Radcom on July 27, 2025 and sell it today you would lose (4.00) from holding Radcom or give up 0.28% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.56%
Values	Daily Returns

SatixFy Communications  vs.  Radcom

SatixFy Communications

Risk-Adjusted Performance

Weakest

Over the last 90 days SatixFy Communications has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, SatixFy Communications is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors.

Radcom

Risk-Adjusted Performance

Weakest

Over the last 90 days Radcom has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy fundamental indicators, Radcom is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors.

Pair Trading with SatixFy Communications and Radcom

The main advantage of trading using opposite SatixFy Communications and Radcom positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SatixFy Communications position performs unexpectedly, Radcom can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Radcom will offset losses from the drop in Radcom's long position.

The idea behind SatixFy Communications and Radcom pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.