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

  0.91CSCO Cisco SystemsPairCorr
  0.81IBM International BusinessPairCorr
  0.77BRK-A Berkshire HathawayPairCorr
  0.77BRK-B Berkshire HathawayPairCorr
  0.75WMT Walmart Aggressive PushPairCorr
  0.72KO Coca Cola Aggressive PushPairCorr
  0.76JNJ Johnson JohnsonPairCorr
  0.84T ATT Inc Aggressive PushPairCorr
  0.93MMM 3M CompanyPairCorr

Moving against EchoStar Stock

  0.82MRK Merck Company Aggressive PushPairCorr
  0.62MSFT MicrosoftPairCorr
  0.44AA Alcoa CorpPairCorr

Related Correlations Analysis

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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   
AVNWADTN
EXTRKN
AVNWTSAT
ITRNADTN
TSATADTN
CMTLKN
  
High negative correlations   
ITRNKN
CMTLADTN
ITRNCMTL
ITRNEXTR
TSATMYNA
CMTLKVHI

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ADTN  2.24  0.42  0.15  0.27  2.51 
 6.96 
 16.77 
MYNA  12.78 (1.25) 0.00  0.16  0.00 
 36.96 
 167.72 
KVHI  1.34  0.14  0.11 (1.48) 1.77 
 3.54 
 8.88 
TSAT  3.59  0.60  0.16  1.33  3.41 
 7.63 
 22.43 
DGII  1.85 (0.07) 0.00  0.01  0.00 
 3.80 
 21.39 
KN  1.21 (0.20) 0.00 (0.28) 0.00 
 1.86 
 7.03 
EXTR  1.62 (0.06) 0.00 (0.13) 0.00 
 2.82 
 9.89 
CMTL  5.30 (0.72) 0.00  2.43  0.00 
 8.85 
 65.93 
ITRN  1.76  0.55  0.35  1.45  1.32 
 4.00 
 18.99 
AVNW  2.58  0.58  0.22  0.32  2.25 
 5.33 
 34.98 

EchoStar Corporate Management

Jennifer MannerSenior AffairsProfile
Paul OrbanPrincipal OfficerProfile
Paul GaskeChief OfficerProfile
Dean JDChief SecretaryProfile
Deepak DuttVice RelationsProfile
Adrian MorrisChief OfficerProfile