Alarum Technologies Correlations

ALAR Stock

9.92 0.19 1.88%

The current 90-days correlation between Alarum Technologies and Ironnet is -0.03 (i.e., Good diversification). The correlation of Alarum Technologies 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.

Alarum Technologies Correlation With Market

Average diversification

The correlation between Alarum Technologies and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alarum Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alarum Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in Alarum Stock, please use our How to Invest in Alarum Technologies guide.

Moving together with Alarum Stock

0.77	S	SentinelOne	Pair Corr
0.73	DTSS	Datasea	Pair Corr
0.91	VRNS	Varonis Systems Earnings Call This Week	Pair Corr

Moving against Alarum Stock

0.86	VRSN	VeriSign Earnings Call This Week	Pair Corr
0.85	BB	BlackBerry Aggressive Push	Pair Corr
0.83	GB	Global Blue Group	Pair Corr
0.79	CETXP	Cemtrex Pref	Pair Corr
0.7	EXOD	Exodus Movement, Trending	Pair Corr
0.68	VRAR	Glimpse Group	Pair Corr
0.5	FIVN	Five9 Inc	Pair Corr
0.42	VRNT	Verint Systems	Pair Corr
0.86	DBX	Dropbox	Pair Corr
0.85	NET	Cloudflare Earnings Call This Week	Pair Corr
0.74	DLO	Dlocal Tech Boost	Pair Corr
0.74	SWI	SolarWinds Corp Earnings Call This Week	Pair Corr
0.73	GDDY	Godaddy	Pair Corr
0.65	HCP	Hashicorp Sell-off Trend	Pair Corr
0.63	LIDRW	AEye Inc	Pair Corr
0.56	FTNT	Fortinet Earnings Call This Week	Pair Corr
0.45	XNET	Xunlei Ltd Adr	Pair Corr
0.43	VHC	VirnetX Holding Corp	Pair Corr
0.31	TDC	Teradata Corp	Pair Corr

Related Correlations Analysis

	ARQQ	SPLK	NTNX	PANW	GCT	IRNT	STEM	PGY	EGIO	TENB
ARQQ		0.81	-0.32	-0.12	-0.68	-0.73	0.43	-0.45	-0.7	-0.07	ARQQ
SPLK	0.81		-0.33	-0.26	-0.61	-0.85	0.47	-0.59	-0.73	0.1	SPLK
NTNX	-0.32	-0.33		0.65	0.46	0.28	-0.49	0.08	-0.18	0.49	NTNX
PANW	-0.12	-0.26	0.65		0.38	0.12	-0.67	0.17	-0.16	0.64	PANW
GCT	-0.68	-0.61	0.46	0.38		0.54	-0.34	0.65	0.48	0.35	GCT
IRNT	-0.73	-0.85	0.28	0.12	0.54		-0.25	0.5	0.62	-0.22	IRNT
STEM	0.43	0.47	-0.49	-0.67	-0.34	-0.25		-0.18	-0.2	-0.35	STEM
PGY	-0.45	-0.59	0.08	0.17	0.65	0.5	-0.18		0.69	0.05	PGY
EGIO	-0.7	-0.73	-0.18	-0.16	0.48	0.62	-0.2	0.69		-0.23	EGIO
TENB	-0.07	0.1	0.49	0.64	0.35	-0.22	-0.35	0.05	-0.23		TENB
	ARQQ	SPLK	NTNX	PANW	GCT	IRNT	STEM	PGY	EGIO	TENB

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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

SPLK	+ 0.81	ARQQ
EGIO	+ 0.69	PGY
PANW	+ 0.65	NTNX
PGY	+ 0.65	GCT
TENB	+ 0.64	PANW
EGIO	+ 0.62	IRNT

High negative correlations

IRNT	- 0.85	SPLK
EGIO	- 0.73	SPLK
IRNT	- 0.73	ARQQ
EGIO	- 0.7	ARQQ
GCT	- 0.68	ARQQ
STEM	- 0.67	PANW

Risk-Adjusted Indicators

There is a big difference between Alarum Stock performing well and Alarum Technologies 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 Alarum Technologies' 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
ARQQ	10.74	2.58	0.23	3.65	9.63	(13.48)	37.23	(18.52)	81.53
SPLK	1.63	0.17	0.05	1.15	1.70	(1.91)	4.36	(3.33)	10.70
NTNX	1.88	0.18	0.05	0.91	2.13	(2.27)	4.46	(3.62)	13.29
PANW	1.45	0.02	(0.02)	0.15	2.24	(1.32)	3.02	(3.61)	11.36
GCT	3.72	(0.18)	0.00	(0.05)	0.00	0.00	7.91	(7.06)	30.15
IRNT	7.07	(0.78)	0.00	(0.34)	0.00	0.00	11.76	(13.04)	72.73
STEM	9.21	0.97	0.08	(1.49)	8.82	(14.14)	28.13	(18.29)	82.96
PGY	4.36	(0.10)	0.00	(0.06)	0.00	0.00	9.72	(6.97)	51.11
EGIO	4,041	2,132	41.01	(14.02)	52.53	(7,045)	300.00	(92.65)	100,000
TENB	1.56	0.03	0.00	0.14	1.97	(1.53)	3.76	(3.26)	11.80

Alarum Technologies Corporate Management

Moshe Kramer	Senior RD	Profile
Ezra Muallem	Chief Officer	Profile
Tomer Cohen	Chief Officer	Profile
Shai CPA	Chief Officer	Profile
Omer Weiss	Corporate Counsel	Profile
Hagit Gal	Corporate Counsel	Profile

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