Optical Cable Correlations

OCC Stock

USD 2.33 0.02 0.85%

The current 90-days correlation between Optical Cable and KVH Industries is -0.01 (i.e., Good diversification). The correlation of Optical Cable 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.

Optical Cable Correlation With Market

Significant diversification

The correlation between Optical Cable and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Optical Cable and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Optical Cable. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade Optical Stock refer to our How to Trade Optical Stock guide.

Moving against Optical Stock

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0.38	RBBN	Ribbon Communications	Pair Corr
0.33	OUST	Ouster Inc	Pair Corr
0.32	S	SentinelOne	Pair Corr
0.31	AAPL	Apple Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	ITI	KVHI	KN	CMTL	WSTL	QTRHF	LTRX	PCTI	TESS	BKTI
ITI		0.79	0.53	-0.19	0.44	0.58	-0.61	0.52	0.54	0.71	ITI
KVHI	0.79		0.48	0.13	0.13	0.28	-0.52	0.58	0.45	0.72	KVHI
KN	0.53	0.48		-0.31	0.15	0.39	-0.65	0.36	0.66	0.67	KN
CMTL	-0.19	0.13	-0.31		-0.56	-0.61	0.53	0.15	-0.5	-0.22	CMTL
WSTL	0.44	0.13	0.15	-0.56		0.66	-0.37	-0.12	0.15	0.1	WSTL
QTRHF	0.58	0.28	0.39	-0.61	0.66		-0.67	0.1	0.36	0.33	QTRHF
LTRX	-0.61	-0.52	-0.65	0.53	-0.37	-0.67		-0.37	-0.57	-0.64	LTRX
PCTI	0.52	0.58	0.36	0.15	-0.12	0.1	-0.37		0.43	0.64	PCTI
TESS	0.54	0.45	0.66	-0.5	0.15	0.36	-0.57	0.43		0.84	TESS
BKTI	0.71	0.72	0.67	-0.22	0.1	0.33	-0.64	0.64	0.84		BKTI
	ITI	KVHI	KN	CMTL	WSTL	QTRHF	LTRX	PCTI	TESS	BKTI

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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

BKTI	+ 0.84	TESS
KVHI	+ 0.79	ITI
BKTI	+ 0.72	KVHI
BKTI	+ 0.71	ITI
BKTI	+ 0.67	KN
TESS	+ 0.66	KN

High negative correlations

LTRX	- 0.67	QTRHF
LTRX	- 0.65	KN
BKTI	- 0.64	LTRX
QTRHF	- 0.61	CMTL
LTRX	- 0.61	ITI
TESS	- 0.57	LTRX

Risk-Adjusted Indicators

There is a big difference between Optical Stock performing well and Optical Cable 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 Optical Cable'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
ITI	88.12	48.40	46.62	(2.33)	0.00	(108.41)	5.42	(0.41)	2,939
KVHI	1.71	0.27	0.11	0.63	1.60	(2.16)	4.42	(2.92)	10.42
KN	1.46	(0.14)	0.00	0.06	1.70	(1.68)	2.56	(3.10)	12.11
CMTL	4.72	0.14	0.03	0.22	6.59	(5.23)	12.63	(8.43)	40.77
WSTL	2.32	0.28	0.04	(1.08)	2.52	(2.98)	4.35	(4.84)	14.78
QTRHF	2.03	0.40	0.12	1.35	1.90	(2.77)	6.36	(3.64)	11.67
LTRX	3.14	(0.19)	0.00	(0.30)	0.00	0.00	6.94	(5.07)	39.58
PCTI	1.60	0.23	0.04	(0.96)	1.74	(2.16)	3.49	(3.58)	10.78
TESS	0.13	0.02	(0.60)	0.88	0.00	(0.22)	0.23	(0.23)	1.03
BKTI	3.98	0.63	0.17	0.64	3.42	(5.11)	10.44	(6.36)	27.34

Optical Cable Corporate Executives

Elected by the shareholders, the Optical Cable's board of directors comprises two types of representatives: Optical Cable inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Optical. The board's role is to monitor Optical Cable's management team and ensure that shareholders' interests are well served. Optical Cable's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Optical Cable's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Tracy CPA	CFO VP	Profile
	Tracy Smith	CFO, Sr. VP and Corporate Secretary	Profile

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