Supercom Correlations

SPCB Stock

USD 9.50 0.54 5.38%

The correlation of Supercom 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.

Supercom Correlation With Market

Very good diversification

The correlation between Supercom and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Supercom and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Supercom Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Supercom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state and metro area employment, hours, and earnings.

For information on how to trade Supercom Stock refer to our How to Trade Supercom Stock guide.

Moving together with Supercom Stock

0.67

UVD

Universal Display

Pair Corr

Moving against Supercom Stock

0.44	SCE	Schweizer Electronic	Pair Corr
0.33	UM3	UMC Electronics	Pair Corr
0.41	CGTL	Creative Global Tech Low Volatility	Pair Corr
0.4	SRH	Saferoads Holdings	Pair Corr
0.4	CHOLF	China Oilfield Services	Pair Corr
0.37	SHMD	SCHMID Group NV	Pair Corr
0.37	PBMRF	PT Bumi Resources	Pair Corr
0.35	IFCN	Inficon Holding	Pair Corr

Related Correlations Analysis

	KSCP	ADSE	RYOJ	GPUS	MESA	XOS	MAGH	DPRO	NIXXW	FLUX
KSCP		-0.58	0.79	0.57	-0.52	0.37	-0.62	0.01	0.12	0.62	KSCP
ADSE	-0.58		-0.65	-0.53	0.42	-0.39	0.89	-0.06	-0.01	-0.61	ADSE
RYOJ	0.79	-0.65		0.57	-0.59	0.45	-0.79	-0.06	0.15	0.65	RYOJ
GPUS	0.57	-0.53	0.57		-0.58	0.49	-0.65	0.53	-0.18	0.85	GPUS
MESA	-0.52	0.42	-0.59	-0.58		-0.28	0.55	0.04	-0.11	-0.55	MESA
XOS	0.37	-0.39	0.45	0.49	-0.28		-0.52	0.34	-0.37	0.58	XOS
MAGH	-0.62	0.89	-0.79	-0.65	0.55	-0.52		-0.15	0.02	-0.71	MAGH
DPRO	0.01	-0.06	-0.06	0.53	0.04	0.34	-0.15		-0.46	0.36	DPRO
NIXXW	0.12	-0.01	0.15	-0.18	-0.11	-0.37	0.02	-0.46		-0.3	NIXXW
FLUX	0.62	-0.61	0.65	0.85	-0.55	0.58	-0.71	0.36	-0.3		FLUX
	KSCP	ADSE	RYOJ	GPUS	MESA	XOS	MAGH	DPRO	NIXXW	FLUX

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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

MAGH	+ 0.89	ADSE
FLUX	+ 0.85	GPUS
RYOJ	+ 0.79	KSCP
FLUX	+ 0.65	RYOJ
FLUX	+ 0.62	KSCP
FLUX	+ 0.58	XOS

High negative correlations

MAGH	- 0.79	RYOJ
FLUX	- 0.71	MAGH
MAGH	- 0.65	GPUS
RYOJ	- 0.65	ADSE
MAGH	- 0.62	KSCP
FLUX	- 0.61	ADSE

Risk-Adjusted Indicators

There is a big difference between Supercom Stock performing well and Supercom 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 Supercom'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
KSCP	4.19	(0.77)	0.00	(0.21)	0.00	0.00	9.43	(8.44)	30.69
ADSE	2.49	0.30	0.10	0.47	2.62	(2.98)	5.43	(4.49)	17.85
RYOJ	4.37	(0.59)	0.00	(0.49)	0.00	0.00	7.37	(11.27)	27.97
GPUS	6.98	(0.99)	0.00	(0.28)	0.00	0.00	16.00	(11.76)	62.50
MESA	2.58	0.32	0.08	(0.57)	3.05	(2.98)	6.11	(5.56)	16.91
XOS	3.00	(0.07)	0.00	0.01	3.50	(3.45)	5.14	(6.10)	30.39
MAGH	4.81	2.49	0.59	(1.38)	0.33	(11.96)	25.78	(3.59)	44.43
DPRO	5.57	(0.24)	0.00	(0.07)	0.00	0.00	13.03	(10.22)	37.73
NIXXW	17.73	2.91	0.14	1.47	17.26	(21.34)	43.61	(35.65)	142.63
FLUX	5.42	(1.94)	0.00	(0.56)	0.00	0.00	9.87	(16.54)	35.25

Supercom Corporate Management

Barak Trabelsi	COO CTO	Profile
Gil Alfi	Vice Ltd	Profile
Arnon Zilberman	Chief Officer	Profile
Arkady Tachman	RD eGov	Profile
Meir Vazana	VP Sales	Profile
Vadim Zelser	Chief Cyber	Profile

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