Gilat Satellite Correlations

GILT Stock

USD 6.71 0.03 0.45%

The current 90-days correlation between Gilat Satellite Networks and ADTRAN Inc is 0.36 (i.e., 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

Weak diversification

The correlation between Gilat Satellite Networks and DJI is 0.33 (i.e., 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.

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 bureau of economic analysis.

Moving together with Gilat Stock

0.79	CSCO	Cisco Systems	Pair Corr
0.66	FTNT	Fortinet	Pair Corr
0.7	ALTR	Altair Engineering	Pair Corr
0.68	META	Meta Platforms Aggressive Push	Pair Corr
0.74	WM	Waste Management	Pair Corr
0.81	MMM	3M Company	Pair Corr
0.74	IBM	International Business	Pair Corr

Moving against Gilat Stock

0.64	PARACABLES	Paramount Communications	Pair Corr
0.48	SLNH	Soluna Holdings	Pair Corr
0.41	AAPL	Apple Inc Aggressive Push	Pair Corr
0.4	TDC	Teradata Corp	Pair Corr
0.39	MSFT	Microsoft Aggressive Push	Pair Corr
0.35	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	ADTN	MYNA	KVHI	TSAT	DGII	CRNT	ITRN	AVNW	AUDC	SILC
ADTN		-0.39	0.73	0.19	0.62	0.02	0.45	0.8	0.86	0.58	ADTN
MYNA	-0.39		-0.06	-0.37	0.05	0.6	-0.65	-0.35	-0.41	0.06	MYNA
KVHI	0.73	-0.06		-0.24	0.6	0.47	-0.02	0.45	0.58	0.75	KVHI
TSAT	0.19	-0.37	-0.24		0.24	-0.47	0.41	0.42	0.35	-0.26	TSAT
DGII	0.62	0.05	0.6	0.24		0.2	0.11	0.56	0.68	0.38	DGII
CRNT	0.02	0.6	0.47	-0.47	0.2		-0.78	-0.18	-0.09	0.64	CRNT
ITRN	0.45	-0.65	-0.02	0.41	0.11	-0.78		0.56	0.5	-0.18	ITRN
AVNW	0.8	-0.35	0.45	0.42	0.56	-0.18	0.56		0.88	0.26	AVNW
AUDC	0.86	-0.41	0.58	0.35	0.68	-0.09	0.5	0.88		0.42	AUDC
SILC	0.58	0.06	0.75	-0.26	0.38	0.64	-0.18	0.26	0.42		SILC
	ADTN	MYNA	KVHI	TSAT	DGII	CRNT	ITRN	AVNW	AUDC	SILC

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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

AUDC	+ 0.88	AVNW
AUDC	+ 0.86	ADTN
AVNW	+ 0.8	ADTN
SILC	+ 0.75	KVHI
KVHI	+ 0.73	ADTN
AUDC	+ 0.68	DGII

High negative correlations

ITRN	- 0.78	CRNT
ITRN	- 0.65	MYNA
CRNT	- 0.47	TSAT
AUDC	- 0.41	MYNA
MYNA	- 0.39	ADTN
TSAT	- 0.37	MYNA

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	2.52	0.23	0.06	0.13	3.23	(2.75)	6.96	(5.98)	19.02
MYNA	12.78	(0.91)	0.00	(0.55)	0.00	0.00	36.96	(31.58)	167.72
KVHI	1.81	(0.15)	0.00	(0.86)	0.00	0.00	2.92	(4.50)	14.31
TSAT	3.93	0.37	0.09	0.29	3.84	(4.56)	7.62	(5.52)	34.21
DGII	1.97	(0.13)	0.00	(0.10)	0.00	0.00	3.38	(4.09)	21.42
CRNT	3.69	(0.70)	0.00	(0.51)	0.00	0.00	6.77	(6.81)	37.31
ITRN	1.92	0.40	0.20	0.54	1.71	(2.44)	4.03	(3.58)	21.39
AVNW	2.54	0.26	0.10	0.17	2.59	(3.07)	5.24	(4.90)	34.98
AUDC	1.87	0.14	0.08	0.12	1.68	(2.52)	5.34	(2.76)	12.16
SILC	2.27	0.02	0.01	0.05	2.72	(2.45)	5.53	(5.24)	16.81

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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