Sangoma Technologies Correlations

SANG Stock

USD 4.79 0.03 0.63%

The current 90-days correlation between Sangoma Technologies Corp and Lesaka Technologies is 0.19 (i.e., Average diversification). The correlation of Sangoma Technologies 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.

Sangoma Technologies Correlation With Market

Modest diversification

The correlation between Sangoma Technologies Corp and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sangoma Technologies Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sangoma Technologies Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Sangoma Stock

0.8	S	SentinelOne	Pair Corr
0.62	VRAR	Glimpse Group Tech Boost	Pair Corr
0.84	VRNS	Varonis Systems	Pair Corr
0.8	VRNT	Verint Systems	Pair Corr
0.8	FIVN	Five9 Inc	Pair Corr
0.65	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.88	FLYW	Flywire Corp	Pair Corr
0.79	FOUR	Shift4 Payments	Pair Corr
0.8	DBX	Dropbox	Pair Corr
0.67	DLO	Dlocal	Pair Corr
0.85	GCT	GigaCloud Technology Tech Boost	Pair Corr
0.61	MDB	MongoDB	Pair Corr
0.69	PAY	Paymentus Holdings	Pair Corr

Moving against Sangoma Stock

0.86	VRSN	VeriSign	Pair Corr
0.8	EVTC	Evertec	Pair Corr
0.67	MQ	Marqeta	Pair Corr
0.52	JG	Aurora Mobile	Pair Corr
0.39	ZS	Zscaler	Pair Corr
0.36	EEFT	Euronet Worldwide	Pair Corr
0.85	SWI	SolarWinds Corp	Pair Corr
0.7	DOX	Amdocs	Pair Corr
0.62	TCX	Tucows Inc	Pair Corr
0.53	HCP	Hashicorp	Pair Corr
0.41	PGY	Pagaya Technologies	Pair Corr

Related Correlations Analysis

	LSAK	PRTH	CSGS	OSPN	LVOX	RPAY	GB	RKNEF	NTCT	CCSI
LSAK		0.5	-0.74	0.59	0.0	0.7	-0.01	-0.23	0.01	-0.15	LSAK
PRTH	0.5		-0.08	0.6	0.0	0.71	-0.24	-0.13	0.54	0.38	PRTH
CSGS	-0.74	-0.08		-0.35	0.0	-0.45	-0.06	0.34	0.42	0.46	CSGS
OSPN	0.59	0.6	-0.35		0.0	0.8	-0.4	0.3	0.62	0.55	OSPN
LVOX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	LVOX
RPAY	0.7	0.71	-0.45	0.8	0.0		-0.4	0.02	0.47	0.33	RPAY
GB	-0.01	-0.24	-0.06	-0.4	0.0	-0.4		0.06	-0.41	-0.32	GB
RKNEF	-0.23	-0.13	0.34	0.3	0.0	0.02	0.06		0.53	0.65	RKNEF
NTCT	0.01	0.54	0.42	0.62	0.0	0.47	-0.41	0.53		0.83	NTCT
CCSI	-0.15	0.38	0.46	0.55	0.0	0.33	-0.32	0.65	0.83		CCSI
	LSAK	PRTH	CSGS	OSPN	LVOX	RPAY	GB	RKNEF	NTCT	CCSI

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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

CCSI	+ 0.83	NTCT
RPAY	+ 0.8	OSPN
RPAY	+ 0.71	PRTH
RPAY	+ 0.7	LSAK
CCSI	+ 0.65	RKNEF
NTCT	+ 0.62	OSPN

High negative correlations

CSGS	- 0.74	LSAK
RPAY	- 0.45	CSGS
NTCT	- 0.41	GB
GB	- 0.4	RPAY
GB	- 0.4	OSPN
OSPN	- 0.35	CSGS

Risk-Adjusted Indicators

There is a big difference between Sangoma Stock performing well and Sangoma Technologies 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 Sangoma Technologies' 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
LSAK	1.68	(0.03)	0.00	(0.07)	0.00	0.00	4.21	(3.97)	11.38
PRTH	4.10	(0.17)	0.00	(0.10)	0.00	0.00	7.33	(11.78)	33.24
CSGS	1.27	0.21	0.13	0.22	1.33	(1.34)	2.82	(2.16)	8.74
OSPN	1.91	(0.21)	0.00	(0.18)	0.00	0.00	3.08	(4.57)	13.07
LVOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RPAY	1.47	(0.46)	0.00	(0.31)	0.00	0.00	2.29	(3.33)	16.24
GB	1.69	0.25	0.11	0.71	1.78	(2.05)	3.61	(3.54)	18.44
RKNEF	3.60	0.06	0.00	0.10	7.70	(17.07)	9.66	(11.63)	68.60
NTCT	1.41	(0.03)	0.00	(0.02)	0.00	0.00	2.20	(3.31)	16.99
CCSI	2.08	0.01	0.00	0.01	2.99	(1.99)	4.16	(4.21)	20.81

Sangoma Technologies Corporate Management

David Moore	Exec Devel	Profile
Jamie Minner	Chief Officer	Profile
Samantha Reburn	General Secretary	Profile
Nenad Corbic	Chief Officer	Profile
Jeremy Wubs	Chief Officer	Profile
PEng BASc	CEO Pres	Profile
Lawrence Stock	Chief Officer	Profile

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