Iridium Communications Correlations
| IRDM Stock | USD 29.02 0.83 2.94% |
The current 90-days correlation between Iridium Communications and IHS Holding is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Iridium Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Iridium Communications moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Iridium Communications Correlation With Market
Very weak diversification
The correlation between Iridium Communications and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Iridium Communications and DJI in the same portfolio, assuming nothing else is changed.
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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
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Risk-Adjusted Indicators
There is a big difference between Iridium Stock performing well and Iridium Communications 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 Iridium Communications' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IHS | 2.87 | 0.85 | 0.32 | 1.37 | 2.09 | 8.84 | 14.38 | |||
| CCOI | 1.36 | (0.11) | 0.00 | (0.18) | 0.00 | 2.49 | 13.48 | |||
| IDT | 1.31 | 0.12 | 0.08 | 0.12 | 1.45 | 3.05 | 13.13 | |||
| CABO | 2.34 | (0.48) | 0.00 | (2.25) | 0.00 | 4.12 | 22.18 | |||
| IDCC | 1.59 | 0.24 | 0.12 | 0.27 | 1.85 | 2.75 | 19.54 | |||
| ATNI | 2.29 | 0.38 | 0.16 | 0.63 | 2.30 | 4.87 | 10.86 | |||
| LBRDA | 1.38 | 0.09 | 0.05 | 0.08 | 1.99 | 2.78 | 9.58 | |||
| CNSL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ASTS | 5.45 | 0.59 | 0.09 | 0.20 | 5.63 | 11.67 | 30.90 | |||
| DISH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Iridium Communications Corporate Executives
Elected by the shareholders, the Iridium Communications' board of directors comprises two types of representatives: Iridium Communications inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Iridium. The board's role is to monitor Iridium Communications' management team and ensure that shareholders' interests are well served. Iridium Communications' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Iridium Communications' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Thomas CPA | Chief CFO | Profile |