Comtech Telecommunicatio Correlations

CMTL Stock

USD 5.31 0.05 0.93%

The current 90-days correlation between Comtech Telecommunicatio and Silicom is -0.02 (i.e., Good 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

Very poor diversification

The correlation between Comtech Telecommunications Cor and DJI is 0.8 (i.e., Very poor 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

0.77	VSAT	ViaSat Inc	Pair Corr
0.75	FQT	Frequentis AG	Pair Corr
0.87	ENA	Enablence Technologies	Pair Corr
0.71	FFIV	F5 Networks	Pair Corr
0.65	FIEE	FiEE Inc Symbol Change	Pair Corr
0.61	CFC	UET United Electronic	Pair Corr
0.62	AP7	Clearfield	Pair Corr
0.82	EKI	Ekinops SA Earnings Call This Week	Pair Corr

Moving against Comtech Stock

0.87	OCC	Optical Cable Earnings Call This Week	Pair Corr
0.72	EXTR	Extreme Networks	Pair Corr
0.67	FKWL	Franklin Wireless Corp	Pair Corr
0.54	PARRO	Parrot	Pair Corr
0.46	GW3	GAPWAVES AB CLASS	Pair Corr
0.42	ALNTG	Netgem SA	Pair Corr
0.35	ERFB	Erf Wireless	Pair Corr
0.33	VISN	CommScope Holding Symbol Change	Pair Corr
0.75	OCC	Optical Cable	Pair Corr
0.65	SEN	Senetas	Pair Corr
0.64	BVC	Batm Advanced Commun	Pair Corr
0.59	5BT	BAYLIN TECHNOLOGIES	Pair Corr
0.56	BYL	Baylin Technologies	Pair Corr
0.46	GNSS	Genasys	Pair Corr

Related Correlations Analysis

	SILC	AMPG	CMBM	VELO	MLGO	LINK	KVHI	RCT	SLNH	MIND
SILC		-0.52	-0.66	-0.14	-0.84	-0.81	-0.52	-0.88	-0.81	-0.42	SILC
AMPG	-0.52		0.6	0.45	0.57	0.65	0.54	0.59	0.71	0.72	AMPG
CMBM	-0.66	0.6		-0.11	0.85	0.58	0.21	0.76	0.76	0.49	CMBM
VELO	-0.14	0.45	-0.11		-0.12	0.38	0.73	0.0	0.15	0.27	VELO
MLGO	-0.84	0.57	0.85	-0.12		0.64	0.3	0.86	0.87	0.44	MLGO
LINK	-0.81	0.65	0.58	0.38	0.64		0.58	0.75	0.75	0.5	LINK
KVHI	-0.52	0.54	0.21	0.73	0.3	0.58		0.31	0.37	0.32	KVHI
RCT	-0.88	0.59	0.76	0.0	0.86	0.75	0.31		0.88	0.55	RCT
SLNH	-0.81	0.71	0.76	0.15	0.87	0.75	0.37	0.88		0.58	SLNH
MIND	-0.42	0.72	0.49	0.27	0.44	0.5	0.32	0.55	0.58		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

SLNH	+ 0.88	RCT
SLNH	+ 0.87	MLGO
RCT	+ 0.86	MLGO
MLGO	+ 0.85	CMBM
RCT	+ 0.76	CMBM
SLNH	+ 0.76	CMBM

High negative correlations

RCT	- 0.88	SILC
MLGO	- 0.84	SILC
SLNH	- 0.81	SILC
LINK	- 0.81	SILC
CMBM	- 0.66	SILC
KVHI	- 0.52	SILC

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	3.00	0.45	0.14	0.24	2.95	(3.51)	5.28	(6.25)	35.12
AMPG	4.04	(0.23)	0.00	(0.08)	0.00	0.00	9.70	(6.67)	31.09
CMBM	4.60	(0.59)	0.00	0.80	0.00	0.00	9.83	(8.81)	26.57
VELO	10.80	2.11	0.22	0.40	8.81	(13.40)	23.12	(15.67)	74.84
MLGO	4.70	(0.65)	0.00	(0.26)	0.00	0.00	12.17	(10.41)	28.92
LINK	3.86	(0.04)	0.00	0.05	0.00	0.00	10.25	(7.82)	21.49
KVHI	2.07	0.06	0.02	(0.22)	2.19	(2.42)	4.53	(3.47)	15.03
RCT	4.64	(0.77)	0.00	(0.72)	0.00	0.00	9.73	(8.98)	29.38
SLNH	6.93	(0.61)	0.00	(0.11)	0.00	0.00	17.32	(12.39)	43.75
MIND	3.95	(0.16)	0.00	(0.18)	0.00	0.00	7.92	(9.00)	28.36

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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