Ceragon Networks Correlations

CRNT Stock

USD 2.53 0.02 0.80%

The current 90-days correlation between Ceragon Networks and Cambium Networks Corp is 0.27 (i.e., Modest diversification). The correlation of Ceragon Networks 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.

Ceragon Networks Correlation With Market

Modest diversification

The correlation between Ceragon Networks and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ceragon Networks and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ceragon 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 board of governors.

For more information on how to buy Ceragon Stock please use our How to Invest in Ceragon Networks guide.

Moving together with Ceragon Stock

0.79	KB	KB Financial Group	Pair Corr
0.75	SHG	Shinhan Financial	Pair Corr

Moving against Ceragon Stock

0.93	CBYDF	Corby Spirit	Pair Corr
0.92	TCTZF	Tencent Holdings	Pair Corr
0.85	BCH	Banco De Chile	Pair Corr
0.81	AXSM	Axsome Therapeutics	Pair Corr
0.76	AVAL	Grupo Aval	Pair Corr
0.73	NVRO	Nevro Corp	Pair Corr
0.69	DNCVF	Defiance Silver Corp	Pair Corr
0.68	CDR-PB	Cedar Realty Trust	Pair Corr
0.67	BAOB	Baraboo Bancorporation	Pair Corr
0.66	CDUAF	Canadian Utilities	Pair Corr
0.64	INTC	Intel	Pair Corr
0.64	WF	Woori Financial Group	Pair Corr
0.63	IBM	International Business	Pair Corr
0.61	GROV	Virgin Group Acquisition	Pair Corr
0.56	WFC-PL	Wells Fargo	Pair Corr
0.54	CSCO	Cisco Systems	Pair Corr
0.45	BAC-PL	Bank of America	Pair Corr
0.44	TOI	Oncology Institute Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CMBM	KVHI	KN	AUDC	ITRN	AVNW	ADTN	GILT	AIRG
CMBM		0.79	0.25	0.7	0.02	0.62	0.76	0.5	0.48	CMBM
KVHI	0.79		0.35	0.53	0.03	0.46	0.72	0.4	0.65	KVHI
KN	0.25	0.35		-0.29	-0.78	-0.38	-0.14	-0.5	0.84	KN
AUDC	0.7	0.53	-0.29		0.57	0.89	0.86	0.82	0.02	AUDC
ITRN	0.02	0.03	-0.78	0.57		0.59	0.51	0.74	-0.5	ITRN
AVNW	0.62	0.46	-0.38	0.89	0.59		0.81	0.81	-0.05	AVNW
ADTN	0.76	0.72	-0.14	0.86	0.51	0.81		0.76	0.18	ADTN
GILT	0.5	0.4	-0.5	0.82	0.74	0.81	0.76		-0.2	GILT
AIRG	0.48	0.65	0.84	0.02	-0.5	-0.05	0.18	-0.2		AIRG
	CMBM	KVHI	KN	AUDC	ITRN	AVNW	ADTN	GILT	AIRG

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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

AVNW	+ 0.89	AUDC
ADTN	+ 0.86	AUDC
AIRG	+ 0.84	KN
GILT	+ 0.82	AUDC
ADTN	+ 0.81	AVNW
GILT	+ 0.81	AVNW

High negative correlations

ITRN	- 0.78	KN
AIRG	- 0.5	ITRN
GILT	- 0.5	KN
AVNW	- 0.38	KN
AUDC	- 0.29	KN
AIRG	- 0.2	GILT

Risk-Adjusted Indicators

There is a big difference between Ceragon Stock performing well and Ceragon 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 Ceragon 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
CMBM	6.88	0.38	0.03	0.05	7.98	(7.98)	15.69	(15.38)	37.73
KVHI	1.75	(0.08)	0.00	(0.88)	0.00	0.00	2.92	(4.35)	12.61
KN	1.20	(0.25)	0.00	(0.34)	0.00	0.00	1.86	(2.70)	6.22
AUDC	1.84	0.21	0.12	0.14	1.64	(2.58)	5.34	(2.76)	12.16
ITRN	1.91	0.39	0.22	0.54	1.71	(2.52)	4.03	(3.58)	21.39
AVNW	2.52	0.35	0.11	0.15	2.64	(3.01)	5.24	(4.90)	34.98
ADTN	2.55	0.20	0.04	0.05	3.34	(2.81)	6.96	(5.98)	19.02
GILT	2.38	0.30	0.11	0.17	2.42	(3.02)	5.85	(4.55)	19.71
AIRG	3.77	(0.83)	0.00	(0.63)	0.00	0.00	7.23	(7.57)	25.20

Ceragon Networks Corporate Management

Zvi Maayan	Gen VP	Profile
Adrian Hipkiss	Regional Kinetics	Profile
Maya Lustig	Head Relations	Profile
Mario Querner	Regional Arica	Profile
Ronen Stein	Chief Officer	Profile
Ronen Rotstein	Regional America	Profile

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