Check Point Correlations
| 0Y9S Stock | 163.40 2.00 1.21% |
The current 90-days correlation between Check Point Software and Scandinavian Tobacco Group is -0.03 (i.e., Good diversification). The correlation of Check Point 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.
Check Point Correlation With Market
Very good diversification
The correlation between Check Point Software and DJI is -0.48 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Check Point Software and DJI in the same portfolio, assuming nothing else is changed.
Check |
The ability to find closely correlated positions to Check Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Check Point when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Check Point - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Check Point Software to buy it.
Moving together with Check Stock
Moving against Check Stock
| 0.78 | RIO | Rio Tinto PLC Earnings Call Today | PairCorr |
| 0.77 | 0LD9 | Targa Resources Corp Earnings Call Today | PairCorr |
| 0.77 | SMSN | Samsung Electronics | PairCorr |
| 0.77 | BC94 | Samsung Electronics | PairCorr |
| 0.77 | BME | BM European Value | PairCorr |
| 0.75 | SMSD | Samsung Electronics | PairCorr |
| 0.75 | SBID | State Bank | PairCorr |
| 0.74 | EDV | Endeavour Mining Corp | PairCorr |
| 0.72 | GMET | Golden Metal Resources | PairCorr |
| 0.69 | 0J71 | JB Hunt Transport | PairCorr |
| 0.68 | 0HBH | Air Products Chemicals | PairCorr |
| 0.67 | AURR | Aurrigo International PLC | PairCorr |
| 0.66 | TYT | Toyota Motor Corp | PairCorr |
| 0.64 | 0IC9 | Dominion Energy Earnings Call This Week | PairCorr |
| 0.64 | LGLD | LG ELECTRONICS INC | PairCorr |
| 0.61 | 0RQ9 | Lundin Mining Corp Earnings Call Today | PairCorr |
| 0.59 | FMET | Fulcrum Metals PLC | PairCorr |
| 0.54 | 0I6K | DR Horton | PairCorr |
| 0.5 | SLP | Sylvania Platinum | PairCorr |
| 0.5 | CGL | CATLIN GROUP | PairCorr |
| 0.48 | 0DTF | Boiron SA | PairCorr |
| 0.4 | 0P4F | Ford Motor | PairCorr |
| 0.4 | 0A61 | Discovery Silver Corp Earnings Call Today | PairCorr |
| 0.34 | 0J3H | Hartford Financial | PairCorr |
| 0.8 | 0MPL | SGL Carbon SE | PairCorr |
| 0.77 | PLUS | Plus500 | PairCorr |
| 0.75 | FEVR | Fevertree Drinks Plc | PairCorr |
| 0.75 | 0Q7L | AMAG Austria Metall | PairCorr |
| 0.75 | WEIR | Weir Group PLC | PairCorr |
| 0.74 | SGRO | Segro Plc Earnings Call Tomorrow | PairCorr |
| 0.73 | 0QGU | CNH Industrial NV | PairCorr |
| 0.73 | 0LY1 | WisdomTree Investments | PairCorr |
| 0.73 | DOM | Dominos Pizza Group | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Check Stock performing well and Check Point 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 Check Point'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0QUS | 1.74 | (0.58) | 0.00 | (1.47) | 0.00 | 3.06 | 24.34 | |||
| 0RHN | 1.10 | (0.10) | 0.00 | (5.90) | 0.00 | 2.33 | 6.25 | |||
| 0A76 | 1.00 | 0.17 | 0.09 | (1.77) | 1.23 | 2.00 | 7.35 | |||
| ICG | 1.24 | (0.09) | 0.00 | 0.21 | 0.00 | 2.42 | 12.65 | |||
| 0M7V | 0.84 | 0.21 | 0.20 | 0.66 | 0.44 | 4.02 | 8.75 | |||
| 0DJN | 1.33 | (0.08) | 0.00 | 4.01 | 0.00 | 3.47 | 7.94 | |||
| 0IVB | 2.69 | (0.18) | 0.00 | 1.15 | 0.00 | 8.90 | 21.09 | |||
| 0RES | 0.58 | 0.19 | 0.17 | (16.26) | 0.58 | 1.47 | 3.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Check Point without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Check Point Corporate Management
Elected by the shareholders, the Check Point's board of directors comprises two types of representatives: Check Point inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Check. The board's role is to monitor Check Point's management team and ensure that shareholders' interests are well served. Check Point'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, Check Point's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Shashi Kiran | Chief Officer | Profile | |
| Alex Spokoiny | Chief Officer | Profile | |
| Manish Alshi | Head India | Profile | |
| Jonathan Zanger | Chief Officer | Profile | |
| Dorit Dor | Chief Officer | Profile | |
| Yiftah Yoffe | Chief Officer | Profile |