Silicom Correlations

SILC Stock

USD 13.03 0.28 2.10%

The current 90-days correlation between Silicom and Allot Communications is 0.03 (i.e., Significant diversification). The correlation of Silicom 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.

Silicom Correlation With Market

Average diversification

The correlation between Silicom and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silicom 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 Silicom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Silicom Stock refer to our How to Trade Silicom Stock guide.

Moving together with Silicom Stock

0.66	KE	Kimball Electronics	Pair Corr
0.66	EHGO	Eshallgo Class A	Pair Corr
0.74	FLEX	Flex	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.69	JBL	Jabil Circuit	Pair Corr
0.66	ZBRA	Zebra Technologies	Pair Corr
0.74	IDCC	InterDigital	Pair Corr
0.63	IONQ	IONQ Inc Upward Rally	Pair Corr
0.64	NTGR	NETGEAR	Pair Corr
0.63	OUST	Ouster Inc	Pair Corr
0.71	PLXS	Plexus Corp	Pair Corr

Moving against Silicom Stock

0.62	WBX	Wallbox NV	Pair Corr
0.59	CDW	CDW Corp	Pair Corr
0.55	VRME	VerifyMe	Pair Corr
0.5	IVAC	Intevac	Pair Corr
0.47	EVLV	Evolv Technologies Trending	Pair Corr
0.33	IMTE	Integrated Media Tec	Pair Corr
0.66	SHMD	SCHMID Group NV	Pair Corr
0.59	SMCI	Super Micro Computer Downward Rally	Pair Corr
0.57	NTIP	Network 1 Technologies	Pair Corr
0.51	CALX	Calix Inc Fiscal Year End 3rd of February 2025	Pair Corr
0.49	TRSG	Tungray Technologies	Pair Corr
0.37	CRCT	Cricut Inc	Pair Corr

Related Correlations Analysis

	ITRN	SPNS	ALLT	RDCM	NVMI
ITRN		-0.53	0.83	0.57	-0.37	ITRN
SPNS	-0.53		-0.67	-0.69	0.5	SPNS
ALLT	0.83	-0.67		0.74	-0.63	ALLT
RDCM	0.57	-0.69	0.74		-0.6	RDCM
NVMI	-0.37	0.5	-0.63	-0.6		NVMI
	ITRN	SPNS	ALLT	RDCM	NVMI

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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

ALLT	+ 0.83	ITRN
RDCM	+ 0.74	ALLT
RDCM	+ 0.57	ITRN
NVMI	+ 0.5	SPNS

High negative correlations

RDCM	- 0.69	SPNS
ALLT	- 0.67	SPNS
NVMI	- 0.63	ALLT
NVMI	- 0.6	RDCM
SPNS	- 0.53	ITRN
NVMI	- 0.37	ITRN

Risk-Adjusted Indicators

There is a big difference between Silicom Stock performing well and Silicom 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 Silicom'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
ITRN	0.97	0.00	(0.04)	0.12	1.04	(1.06)	1.90	(1.69)	6.35
SPNS	1.60	(0.45)	0.00	(0.40)	0.00	0.00	2.21	(3.04)	31.27
ALLT	2.67	0.31	0.14	0.34	2.30	(3.53)	8.03	(4.59)	17.67
RDCM	2.33	0.27	0.05	0.95	3.17	(2.45)	5.40	(5.38)	19.90
NVMI	2.52	(0.46)	0.00	(0.12)	0.00	0.00	5.61	(7.05)	17.04

Silicom Corporate Executives

Elected by the shareholders, the Silicom's board of directors comprises two types of representatives: Silicom inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Silicom. The board's role is to monitor Silicom's management team and ensure that shareholders' interests are well served. Silicom's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Silicom's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Eran CPA	CFO Secretary	Profile
	Eran Gilad	CFO and Company Secretary	Profile

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