EchoStar Correlations

SATS Stock

USD 31.07 0.16 0.51%

The current 90-days correlation between EchoStar and ADTRAN Inc is 0.4 (i.e., Very weak diversification). The correlation of EchoStar 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. If the correlation is 0, the equities are not correlated; they are entirely random.

EchoStar Correlation With Market

Weak diversification

The correlation between EchoStar and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EchoStar 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 EchoStar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy EchoStar Stock please use our How to Invest in EchoStar guide.

Moving together with EchoStar Stock

0.91	CSCO	Cisco Systems	Pair Corr
0.81	IBM	International Business	Pair Corr
0.77	BRK-A	Berkshire Hathaway	Pair Corr
0.77	BRK-B	Berkshire Hathaway	Pair Corr
0.75	WMT	Walmart Aggressive Push	Pair Corr
0.72	KO	Coca Cola Aggressive Push	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.84	T	ATT Inc Aggressive Push	Pair Corr
0.93	MMM	3M Company	Pair Corr

Moving against EchoStar Stock

0.82	MRK	Merck Company Aggressive Push	Pair Corr
0.62	MSFT	Microsoft	Pair Corr
0.44	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	ADTN	MYNA	KVHI	TSAT	DGII	KN	EXTR	CMTL	ITRN	AVNW
ADTN		-0.52	0.7	0.73	0.19	-0.57	-0.67	-0.74	0.75	0.87	ADTN
MYNA	-0.52		-0.21	-0.68	0.09	0.4	0.47	0.42	-0.56	-0.57	MYNA
KVHI	0.7	-0.21		0.53	0.25	-0.29	-0.4	-0.67	0.47	0.64	KVHI
TSAT	0.73	-0.68	0.53		0.31	-0.4	-0.45	-0.48	0.55	0.8	TSAT
DGII	0.19	0.09	0.25	0.31		-0.33	-0.12	-0.25	0.24	0.26	DGII
KN	-0.57	0.4	-0.29	-0.4	-0.33		0.81	0.72	-0.78	-0.58	KN
EXTR	-0.67	0.47	-0.4	-0.45	-0.12	0.81		0.7	-0.68	-0.64	EXTR
CMTL	-0.74	0.42	-0.67	-0.48	-0.25	0.72	0.7		-0.71	-0.63	CMTL
ITRN	0.75	-0.56	0.47	0.55	0.24	-0.78	-0.68	-0.71		0.72	ITRN
AVNW	0.87	-0.57	0.64	0.8	0.26	-0.58	-0.64	-0.63	0.72		AVNW
	ADTN	MYNA	KVHI	TSAT	DGII	KN	EXTR	CMTL	ITRN	AVNW

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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

AVNW	+ 0.87	ADTN
EXTR	+ 0.81	KN
AVNW	+ 0.8	TSAT
ITRN	+ 0.75	ADTN
TSAT	+ 0.73	ADTN
CMTL	+ 0.72	KN

High negative correlations

ITRN	- 0.78	KN
CMTL	- 0.74	ADTN
ITRN	- 0.71	CMTL
ITRN	- 0.68	EXTR
TSAT	- 0.68	MYNA
CMTL	- 0.67	KVHI

Risk-Adjusted Indicators

There is a big difference between EchoStar Stock performing well and EchoStar 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 EchoStar'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
ADTN	2.24	0.42	0.15	0.27	2.51	(2.59)	6.96	(3.61)	16.77
MYNA	12.78	(1.25)	0.00	0.16	0.00	0.00	36.96	(31.58)	167.72
KVHI	1.34	0.14	0.11	(1.48)	1.77	(1.46)	3.54	(2.61)	8.88
TSAT	3.59	0.60	0.16	1.33	3.41	(4.05)	7.63	(5.49)	22.43
DGII	1.85	(0.07)	0.00	0.01	0.00	0.00	3.80	(4.06)	21.39
KN	1.21	(0.20)	0.00	(0.28)	0.00	0.00	1.86	(2.70)	7.03
EXTR	1.62	(0.06)	0.00	(0.13)	0.00	0.00	2.82	(3.97)	9.89
CMTL	5.30	(0.72)	0.00	2.43	0.00	0.00	8.85	(8.43)	65.93
ITRN	1.76	0.55	0.35	1.45	1.32	(2.33)	4.00	(2.66)	18.99
AVNW	2.58	0.58	0.22	0.32	2.25	(3.22)	5.33	(3.91)	34.98

EchoStar Corporate Management

Jennifer Manner	Senior Affairs	Profile
Paul Orban	Principal Officer	Profile
Paul Gaske	Chief Officer	Profile
Dean JD	Chief Secretary	Profile
Deepak Dutt	Vice Relations	Profile
Adrian Morris	Chief Officer	Profile

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