Cambium Networks Correlations
| CMBM Stock | USD 0.79 0.03 3.95% |
The current 90-days correlation between Cambium Networks Corp and Aviat Networks is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cambium Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cambium Networks Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Cambium Networks Correlation With Market
Weak diversification
The correlation between Cambium Networks Corp and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambium Networks Corp and DJI in the same portfolio, assuming nothing else is changed.
Cambium |
Moving together with Cambium Stock
| 0.82 | FLEX | Flex | PairCorr |
| 0.66 | CLFD | Clearfield | PairCorr |
| 0.74 | PATH | Uipath Inc | PairCorr |
| 0.85 | TWLO | Twilio Inc | PairCorr |
| 0.69 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.8 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.8 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.76 | WMT | Walmart | PairCorr |
| 0.74 | AXP | American Express | PairCorr |
Moving against Cambium Stock
Related Correlations Analysis
| -0.12 | -0.01 | 0.45 | 0.15 | AVNW | ||
| -0.12 | -0.62 | -0.51 | -0.68 | RMNI | ||
| -0.01 | -0.62 | 0.59 | 0.64 | AIRG | ||
| 0.45 | -0.51 | 0.59 | 0.64 | CALX | ||
| 0.15 | -0.68 | 0.64 | 0.64 | CLFD | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cambium Stock performing well and Cambium Networks 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 Cambium Networks' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVNW | 2.54 | 0.32 | 0.11 | 0.17 | 2.59 | 5.24 | 34.98 | |||
| RMNI | 3.34 | 0.62 | 0.17 | 4.07 | 3.38 | 6.72 | 22.59 | |||
| AIRG | 3.83 | (0.87) | 0.00 | (0.61) | 0.00 | 7.23 | 25.20 | |||
| CALX | 2.13 | 0.11 | 0.06 | (0.26) | 2.50 | 5.09 | 16.84 | |||
| CLFD | 2.15 | 0.06 | 0.02 | 0.02 | 3.08 | 4.73 | 13.39 |
Cambium Networks Corporate Management
| CPA CPA | Chief Officer | Profile | |
| Bryan Sheppeck | Senior Sales | Profile | |
| Vibhu Vivek | Senior Products | Profile | |
| Raymond Graaf | Senior Operations | Profile | |
| Peter Schuman | Director Relations | Profile | |
| Ronald Ryan | Senior Management | Profile |