SatixFy Communications Correlations

SATX Stock

USD 0.90 0.01 1.12%

The current 90-days correlation between SatixFy Communications and Actelis Networks is 0.11 (i.e., Average diversification). The correlation of SatixFy Communications 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.

SatixFy Communications Correlation With Market

Good diversification

The correlation between SatixFy Communications and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SatixFy Communications 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 SatixFy Communications. 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 SatixFy Stock please use our How to Invest in SatixFy Communications guide.

Moving together with SatixFy Stock

0.79	KE	Kimball Electronics	Pair Corr
0.74	EBON	Ebang International Upward Rally	Pair Corr
0.8	EHGO	Eshallgo Class A	Pair Corr
0.64	EXTR	Extreme Networks	Pair Corr
0.61	FLEX	Flex	Pair Corr
0.64	NTGR	NETGEAR	Pair Corr

Moving against SatixFy Stock

0.72	CDW	CDW Corp	Pair Corr
0.62	EVLV	Evolv Technologies Trending	Pair Corr
0.59	VRME	VerifyMe	Pair Corr
0.52	INVZW	Innoviz Technologies	Pair Corr
0.39	JNPR	Juniper Networks	Pair Corr
0.37	VSH	Vishay Intertechnology Tech Boost	Pair Corr
0.81	VRRM	Verra Mobility Corp	Pair Corr
0.78	MX	MagnaChip Semiconductor Tech Boost	Pair Corr
0.5	CLFD	Clearfield	Pair Corr

Related Correlations Analysis

	ASNS	CLRO	SYTA	WTT	MOBBW	MINM	MOB	FEIM	AMPG	OCC
ASNS		0.49	0.25	-0.66	-0.33	0.51	-0.76	-0.01	-0.44	0.05	ASNS
CLRO	0.49		-0.04	-0.51	-0.47	0.18	-0.4	-0.55	-0.23	0.2	CLRO
SYTA	0.25	-0.04		0.08	0.19	0.07	-0.13	0.3	0.19	-0.18	SYTA
WTT	-0.66	-0.51	0.08		0.45	-0.49	0.77	0.24	0.54	-0.25	WTT
MOBBW	-0.33	-0.47	0.19	0.45		-0.06	0.43	0.13	0.27	-0.08	MOBBW
MINM	0.51	0.18	0.07	-0.49	-0.06		-0.63	-0.07	-0.35	0.22	MINM
MOB	-0.76	-0.4	-0.13	0.77	0.43	-0.63		-0.04	0.62	-0.2	MOB
FEIM	-0.01	-0.55	0.3	0.24	0.13	-0.07	-0.04		-0.05	-0.18	FEIM
AMPG	-0.44	-0.23	0.19	0.54	0.27	-0.35	0.62	-0.05		-0.05	AMPG
OCC	0.05	0.2	-0.18	-0.25	-0.08	0.22	-0.2	-0.18	-0.05		OCC
	ASNS	CLRO	SYTA	WTT	MOBBW	MINM	MOB	FEIM	AMPG	OCC

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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

MOB	+ 0.77	WTT
AMPG	+ 0.62	MOB
AMPG	+ 0.54	WTT
MINM	+ 0.51	ASNS
CLRO	+ 0.49	ASNS
MOBBW	+ 0.45	WTT

High negative correlations

MOB	- 0.76	ASNS
WTT	- 0.66	ASNS
MOB	- 0.63	MINM
FEIM	- 0.55	CLRO
WTT	- 0.51	CLRO
MINM	- 0.49	WTT

Risk-Adjusted Indicators

There is a big difference between SatixFy Stock performing well and SatixFy Communications 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 SatixFy Communications' 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
ASNS	3.11	(0.58)	0.00	(0.28)	0.00	0.00	5.79	(7.09)	21.17
CLRO	2.00	(0.18)	0.00	(0.23)	0.00	0.00	4.26	(3.92)	15.98
SYTA	6.01	0.10	0.00	0.09	0.00	0.00	10.26	(9.90)	114.24
WTT	1.16	0.37	0.08	(0.41)	1.17	(2.12)	1.13	(1.21)	30.04
MOBBW	12.47	4.40	0.21	(0.86)	9.66	(26.70)	41.67	(15.79)	122.78
MINM	4.99	(0.16)	0.00	0.23	0.00	0.00	14.24	(8.42)	49.73
MOB	3.30	1.09	0.33	1.75	2.35	(4.53)	7.97	(5.00)	23.75
FEIM	1.26	(0.06)	0.00	(0.04)	0.00	0.00	2.50	(2.55)	9.52
AMPG	5.78	0.45	0.05	0.79	6.79	(8.18)	13.95	(11.76)	70.88
OCC	1.90	(0.22)	0.00	(0.83)	0.00	0.00	4.85	(4.40)	11.72

SatixFy Communications Corporate Management

Doron Rainish	Chief Officer	Profile
Simona Gat	President	Profile
Nir Barkan	Acting Officer	Profile
Charles Bloomfield	Chief Ltd	Profile
Yoav Leibovitch	CoFounder Directors	Profile
David Ripstein	Chief Officer	Profile
Stephane Zohar	Executive VLSI	Profile

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