Gilat Satellite Correlations

GILT Stock

USD 12.68 0.39 2.98%

The current 90-days correlation between Gilat Satellite Networks and ADTRAN Inc is 0.5 (i.e., Very weak diversification). The correlation of Gilat Satellite 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.

Gilat Satellite Correlation With Market

Very weak diversification

The correlation between Gilat Satellite Networks and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gilat Satellite Networks and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gilat Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gilat Satellite Networks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Gilat Stock

0.69

MSFT

Microsoft

Pair Corr

Moving against Gilat Stock

0.63	002583	Hytera Communications	Pair Corr
0.62	600198	Datang Telecom Technology	Pair Corr
0.61	300590	Queclink Wireless	Pair Corr
0.53	300074	AVCON Information Tech	Pair Corr
0.5	300366	Sichuan Troy Information	Pair Corr
0.49	002491	Tongding Interconnection	Pair Corr
0.41	000070	Shenzhen SDG Information	Pair Corr
0.37	300050	Dingli Communications	Pair Corr
0.35	300565	Shenzhen Kexin Commu	Pair Corr
0.67	LION	Lionsgate Studios Holding	Pair Corr
0.57	TRV	The Travelers Companies	Pair Corr
0.47	COHN	Cohen Company Normal Trading	Pair Corr
0.38	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.31	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	ADTN	ITRN	NTGR	AIOT	DCBO	IMOS	IBTA	ORBS	CTLP	VTEX
ADTN		-0.29	0.63	0.69	0.76	-0.69	0.55	0.61	0.12	0.66	ADTN
ITRN	-0.29		-0.42	-0.11	-0.7	0.69	-0.36	-0.77	-0.21	-0.5	ITRN
NTGR	0.63	-0.42		0.49	0.62	-0.74	0.87	0.47	-0.15	0.69	NTGR
AIOT	0.69	-0.11	0.49		0.65	-0.55	0.36	0.56	0.09	0.56	AIOT
DCBO	0.76	-0.7	0.62	0.65		-0.91	0.53	0.91	0.28	0.78	DCBO
IMOS	-0.69	0.69	-0.74	-0.55	-0.91		-0.65	-0.84	-0.18	-0.76	IMOS
IBTA	0.55	-0.36	0.87	0.36	0.53	-0.65		0.3	-0.17	0.65	IBTA
ORBS	0.61	-0.77	0.47	0.56	0.91	-0.84	0.3		0.35	0.61	ORBS
CTLP	0.12	-0.21	-0.15	0.09	0.28	-0.18	-0.17	0.35		-0.07	CTLP
VTEX	0.66	-0.5	0.69	0.56	0.78	-0.76	0.65	0.61	-0.07		VTEX
	ADTN	ITRN	NTGR	AIOT	DCBO	IMOS	IBTA	ORBS	CTLP	VTEX

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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

ORBS	+ 0.91	DCBO
IBTA	+ 0.87	NTGR
VTEX	+ 0.78	DCBO
DCBO	+ 0.76	ADTN
AIOT	+ 0.69	ADTN
IMOS	+ 0.69	ITRN

High negative correlations

IMOS	- 0.91	DCBO
ORBS	- 0.84	IMOS
ORBS	- 0.77	ITRN
VTEX	- 0.76	IMOS
IMOS	- 0.74	NTGR
DCBO	- 0.7	ITRN

Risk-Adjusted Indicators

There is a big difference between Gilat Stock performing well and Gilat Satellite 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 Gilat Satellite'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
ADTN	2.69	(0.41)	0.00	(0.13)	0.00	0.00	5.23	(4.60)	33.40
ITRN	1.25	0.32	0.26	0.43	0.81	(1.52)	3.49	(1.77)	6.60
NTGR	2.09	(0.33)	0.00	(0.14)	0.00	0.00	2.80	(6.83)	17.77
AIOT	2.59	(0.13)	0.00	0.02	3.39	(2.75)	6.03	(4.35)	18.84
DCBO	1.58	(0.58)	0.00	(0.29)	0.00	0.00	2.95	(3.61)	11.00
IMOS	2.64	0.78	0.26	3.40	2.31	(3.08)	8.27	(3.79)	23.93
IBTA	2.48	(0.46)	0.00	(0.11)	0.00	0.00	3.51	(6.44)	33.30
ORBS	7.01	(1.98)	0.00	1.44	0.00	0.00	15.56	(15.82)	52.16
CTLP	0.30	(0.05)	0.00	(0.25)	0.00	0.00	0.47	(0.56)	2.92
VTEX	2.07	(0.20)	0.00	(0.04)	0.00	0.00	3.91	(4.49)	18.07

Gilat Satellite Corporate Management

Michal Aharonov	VP Officer	Profile
Yael Shofar	Gen Sec	Profile
Dubi Lever	Chief Officer	Profile
Arieh Rohrstock	Corporate Peru	Profile
Doreet Oren	Senior Communications	Profile
Doron Kerbel	General Secretary	Profile

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