Perion Network Correlations

PERI Stock

USD 8.15 0.13 1.57%

The current 90-days correlation between Perion Network and MediaAlpha is 0.12 (i.e., Average diversification). The correlation of Perion Network 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.

Perion Network Correlation With Market

Good diversification

The correlation between Perion Network and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perion Network 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 Perion Network. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Perion Stock

0.68	DOYU	DouYu International Earnings Call This Week	Pair Corr
0.62	MAX	MediaAlpha	Pair Corr
0.61	SEATW	Vivid Seats Warrant	Pair Corr
0.61	META	Meta Platforms	Pair Corr
0.65	MTCH	Match Group	Pair Corr
0.63	OPRA	Opera	Pair Corr

Moving against Perion Stock

0.37	IAC	IAC Inc	Pair Corr
0.35	ZH	Zhihu Inc ADR Earnings Call This Week	Pair Corr
0.34	CCG	Cheche Group Class	Pair Corr
0.44	GIFT	RDE, Inc Symbol Change	Pair Corr

Related Correlations Analysis

	MAX	SEAT	JFIN	MOMO	PINS	SNAP	GOOGL	BIDU	META
MAX		0.48	-0.32	0.19	0.22	0.68	0.69	-0.2	0.5	MAX
SEAT	0.48		-0.42	0.1	0.25	0.58	0.58	-0.6	0.41	SEAT
JFIN	-0.32	-0.42		0.08	0.49	-0.74	-0.73	0.72	0.24	JFIN
MOMO	0.19	0.1	0.08		0.56	-0.04	-0.04	0.32	0.48	MOMO
PINS	0.22	0.25	0.49	0.56		-0.16	-0.25	0.33	0.85	PINS
SNAP	0.68	0.58	-0.74	-0.04	-0.16		0.85	-0.62	0.14	SNAP
GOOGL	0.69	0.58	-0.73	-0.04	-0.25	0.85		-0.52	0.16	GOOGL
BIDU	-0.2	-0.6	0.72	0.32	0.33	-0.62	-0.52		0.24	BIDU
META	0.5	0.41	0.24	0.48	0.85	0.14	0.16	0.24		META
	MAX	SEAT	JFIN	MOMO	PINS	SNAP	GOOGL	BIDU	META

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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

META	+ 0.85	PINS
GOOGL	+ 0.85	SNAP
BIDU	+ 0.72	JFIN
GOOGL	+ 0.69	MAX
SNAP	+ 0.68	MAX
SNAP	+ 0.58	SEAT

High negative correlations

SNAP	- 0.74	JFIN
GOOGL	- 0.73	JFIN
BIDU	- 0.62	SNAP
BIDU	- 0.6	SEAT
BIDU	- 0.52	GOOGL
JFIN	- 0.42	SEAT

Risk-Adjusted Indicators

There is a big difference between Perion Stock performing well and Perion Network 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 Perion Network'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
MAX	2.70	(0.01)	0.00	(0.09)	0.00	0.00	5.77	(6.38)	25.45
SEAT	2.88	(0.07)	0.00	1.40	0.00	0.00	5.88	(4.31)	42.87
JFIN	4.68	1.30	0.16	0.90	6.45	(4.86)	13.37	(7.18)	47.71
MOMO	2.12	(0.20)	0.00	(1.76)	0.00	0.00	4.40	(4.15)	14.12
PINS	2.08	0.14	0.06	0.08	2.36	(2.62)	5.04	(4.63)	26.52
SNAP	2.43	(0.20)	0.00	(0.24)	0.00	0.00	4.41	(5.85)	14.86
GOOGL	1.46	(0.18)	0.00	(0.32)	0.00	0.00	2.65	(3.60)	10.89
BIDU	2.43	0.14	0.06	0.21	3.01	(2.40)	5.43	(4.58)	13.40
META	1.59	(0.03)	0.00	(0.10)	0.00	0.00	2.57	(3.73)	8.90

Perion Network Corporate Management

Mina Naguib	Chief Officer	Profile
Kenny Lau	Chief Solutions	Profile
Erin McCallion	Chief Officer	Profile
Rami Rozen	Vice Relations	Profile
Avi Zimak	Chief Officer	Profile
Elad Tzubery	Chief Officer	Profile

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