KVH Industries Correlations

KVHI Stock

USD 5.12 0.28 5.19%

The current 90-days correlation between KVH Industries and Comtech Telecommunications Corp is -0.05 (i.e., Good diversification). The correlation of KVH Industries 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.

KVH Industries Correlation With Market

Significant diversification

The correlation between KVH Industries and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KVH Industries and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KVH Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more detail on how to invest in KVH Stock please use our How to Invest in KVH Industries guide.

Moving together with KVH Stock

0.65

SHG

Shinhan Financial

Pair Corr

Moving against KVH Stock

0.56	CBYDF	Corby Spirit	Pair Corr
0.55	CDUAF	Canadian Utilities	Pair Corr
0.45	TCTZF	Tencent Holdings	Pair Corr

Related Correlations Analysis

	TSAT	CMTL	KN	ITRN	NTGR	AVNW	MYNA	ADTN	DGII
TSAT		-0.43	-0.53	0.41	-0.07	0.45	-0.39	0.25	0.25	TSAT
CMTL	-0.43		0.74	-0.72	0.35	-0.51	0.68	-0.48	-0.08	CMTL
KN	-0.53	0.74		-0.78	0.61	-0.38	0.56	-0.14	0.21	KN
ITRN	0.41	-0.72	-0.78		-0.38	0.59	-0.64	0.51	0.08	ITRN
NTGR	-0.07	0.35	0.61	-0.38		0.25	0.32	0.39	0.59	NTGR
AVNW	0.45	-0.51	-0.38	0.59	0.25		-0.48	0.81	0.5	AVNW
MYNA	-0.39	0.68	0.56	-0.64	0.32	-0.48		-0.54	0.15	MYNA
ADTN	0.25	-0.48	-0.14	0.51	0.39	0.81	-0.54		0.52	ADTN
DGII	0.25	-0.08	0.21	0.08	0.59	0.5	0.15	0.52		DGII
	TSAT	CMTL	KN	ITRN	NTGR	AVNW	MYNA	ADTN	DGII

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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

ADTN	+ 0.81	AVNW
KN	+ 0.74	CMTL
MYNA	+ 0.68	CMTL
NTGR	+ 0.61	KN
AVNW	+ 0.59	ITRN
DGII	+ 0.59	NTGR

High negative correlations

ITRN	- 0.78	KN
ITRN	- 0.72	CMTL
MYNA	- 0.64	ITRN
ADTN	- 0.54	MYNA
KN	- 0.53	TSAT
AVNW	- 0.51	CMTL

Risk-Adjusted Indicators

There is a big difference between KVH Stock performing well and KVH Industries 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 KVH Industries' 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
TSAT	3.98	0.52	0.13	0.63	3.71	(4.57)	7.63	(5.52)	34.21
CMTL	6.04	(0.52)	0.00	0.41	0.00	0.00	18.18	(9.39)	65.93
KN	1.20	(0.25)	0.00	(0.34)	0.00	0.00	1.86	(2.70)	6.22
ITRN	1.91	0.39	0.22	0.54	1.71	(2.52)	4.03	(3.58)	21.39
NTGR	2.21	0.02	0.00	(0.05)	0.00	0.00	4.41	(5.11)	12.12
AVNW	2.52	0.35	0.11	0.15	2.64	(3.01)	5.24	(4.90)	34.98
MYNA	12.78	(0.92)	0.00	5.19	0.00	0.00	36.96	(31.58)	167.72
ADTN	2.55	0.20	0.04	0.05	3.34	(2.81)	6.96	(5.98)	19.02
DGII	1.97	(0.08)	0.00	(0.14)	0.00	0.00	3.38	(4.09)	21.42

KVH Industries Corporate Management

Daniel Conway	Executive VP of Guidance and Stabilization	Profile
Brent Bruun	Executive VP of Mobile Broadband	Profile
Anneley Pickles	Head Projects	Profile
Jennifer Baker	Principal Accounting Officer, Corporate Controller	Profile
Christopher Watson	Director Marketing	Profile

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