Comtech Telecommunicatio Correlations

CMTL Stock

USD 3.52 0.01 0.28%

The current 90-days correlation between Comtech Telecommunicatio and Silicom is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comtech Telecommunicatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comtech Telecommunications Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Comtech Telecommunicatio Correlation With Market

Modest diversification

The correlation between Comtech Telecommunications Cor and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Comtech Telecommunications Cor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Comtech Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comtech Telecommunications Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Comtech Stock

0.74	002935	Chengdu Spaceon Elec	Pair Corr
0.76	002861	Hubei Yingtong Telec	Pair Corr
0.66	688387	CICT Mobile Communication	Pair Corr
0.85	688175	Zhuhai Comleader Inf	Pair Corr
0.64	002792	Tongyu Communication	Pair Corr
0.75	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.82	MKSI	MKS Instruments	Pair Corr
0.7	CUB	Lionheart Holdings	Pair Corr
0.81	MMLTF	MMG Limited	Pair Corr
0.8	ARR	ARMOUR Residential REIT	Pair Corr
0.81	INTC	Intel	Pair Corr
0.79	IBM	International Business	Pair Corr

Moving against Comtech Stock

0.88	002231	Allwin Telecommunicatio	Pair Corr
0.81	300050	Dingli Communications	Pair Corr
0.76	300366	Sichuan Troy Information	Pair Corr
0.72	002583	Hytera Communications	Pair Corr
0.67	KG	Kestrel Group, Symbol Change	Pair Corr
0.6	300590	Queclink Wireless	Pair Corr
0.56	002465	Guangzhou Haige Comm	Pair Corr
0.41	300322	Huizhou Speed Wireless	Pair Corr
0.4	002491	Tongding Interconnection	Pair Corr
0.39	300570	TS Communications	Pair Corr
0.37	603236	Quectel Wireless Sol	Pair Corr
0.37	002115	Sunwave Communications	Pair Corr
0.34	600498	Fiberhome Telecommunicatio	Pair Corr
0.81	PG	Procter Gamble	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.58	DIS	Walt Disney	Pair Corr
0.48	SUME	Summer Energy Holdings	Pair Corr
0.48	BA	Boeing	Pair Corr
0.47	DOX	Amdocs	Pair Corr

Related Correlations Analysis

	SILC	AMPG	CMBM	VELO	MLGO	LINK	KVHI	RCT	SLNH	MIND
SILC		0.79	-0.74	-0.41	0.8	0.79	-0.03	-0.33	0.06	-0.43	SILC
AMPG	0.79		-0.71	-0.4	0.78	0.74	0.01	-0.35	-0.06	-0.59	AMPG
CMBM	-0.74	-0.71		0.23	-0.59	-0.59	0.07	0.42	0.04	0.54	CMBM
VELO	-0.41	-0.4	0.23		-0.35	-0.46	0.03	0.32	0.36	0.46	VELO
MLGO	0.8	0.78	-0.59	-0.35		0.88	-0.23	-0.18	0.22	-0.23	MLGO
LINK	0.79	0.74	-0.59	-0.46	0.88		-0.35	0.02	0.26	-0.34	LINK
KVHI	-0.03	0.01	0.07	0.03	-0.23	-0.35		-0.49	-0.46	-0.39	KVHI
RCT	-0.33	-0.35	0.42	0.32	-0.18	0.02	-0.49		0.56	0.49	RCT
SLNH	0.06	-0.06	0.04	0.36	0.22	0.26	-0.46	0.56		0.43	SLNH
MIND	-0.43	-0.59	0.54	0.46	-0.23	-0.34	-0.39	0.49	0.43		MIND
	SILC	AMPG	CMBM	VELO	MLGO	LINK	KVHI	RCT	SLNH	MIND

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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

LINK	+ 0.88	MLGO
MLGO	+ 0.8	SILC
AMPG	+ 0.79	SILC
LINK	+ 0.79	SILC
MLGO	+ 0.78	AMPG
LINK	+ 0.74	AMPG

High negative correlations

CMBM	- 0.74	SILC
CMBM	- 0.71	AMPG
LINK	- 0.59	CMBM
MLGO	- 0.59	CMBM
MIND	- 0.59	AMPG
RCT	- 0.49	KVHI

Risk-Adjusted Indicators

There is a big difference between Comtech Stock performing well and Comtech Telecommunicatio 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 Comtech Telecommunicatio'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
SILC	2.32	(0.24)	0.00	(0.34)	0.00	0.00	4.20	(4.32)	18.46
AMPG	4.74	0.17	0.00	(0.03)	6.52	(4.53)	12.04	(10.00)	30.11
CMBM	15.62	5.76	0.57	(3.31)	7.90	(23.46)	27.12	(15.74)	407.58
VELO	8.68	1.46	0.22	0.25	7.45	(9.93)	24.10	(12.41)	50.04
MLGO	4.52	(0.30)	0.00	(0.02)	0.00	0.00	8.69	(10.15)	24.87
LINK	5.41	(0.64)	0.00	(0.12)	0.00	0.00	12.85	(9.84)	39.73
KVHI	2.28	0.12	0.03	0.22	2.73	(2.53)	5.24	(4.46)	13.80
RCT	6.00	0.69	0.10	0.65	6.09	(7.59)	13.33	(9.95)	75.55
SLNH	12.83	3.56	0.33	(0.84)	8.72	(17.65)	39.41	(14.14)	113.36
MIND	4.74	(0.21)	0.00	(0.03)	0.00	0.00	8.68	(9.30)	23.02

Comtech Telecommunicatio Corporate Management

Maria Hedden	Chief Officer	Profile
Nancy CPA	Treasurer Secretary	Profile
Maria Ceriello	Senior Operations	Profile
Rich Luhrs	I Systems	Profile
Robert Samuels	VP Communications	Profile

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