AudioCodes Correlations

AUDC Stock

ILA 2,397 150.00 6.68%

The current 90-days correlation between AudioCodes and PCB Tec is 0.22 (i.e., Modest diversification). The correlation of AudioCodes 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.

AudioCodes Correlation With Market

Excellent diversification

The correlation between AudioCodes and DJI is -0.65 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AudioCodes and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AudioCodes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AudioCodes 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 AudioCodes - 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 AudioCodes to buy it.

Moving against AudioCodes Stock

0.87	ININ	Inter Industries	Pair Corr
0.85	HARL	Harel Insurance Inve	Pair Corr
0.85	FIBI	First International Bank Earnings Call This Week	Pair Corr
0.82	CLIS	Clal Insurance Enter	Pair Corr
0.78	DLEKG	Delek Group	Pair Corr
0.77	AYAL	Ayalon Holdings	Pair Corr
0.77	KMDA	Kamada Earnings Call This Week	Pair Corr
0.76	MGDL	Migdal Insurance	Pair Corr
0.75	MMHD	Menora Miv Hld	Pair Corr
0.73	LUMI	Bank Leumi Le	Pair Corr
0.71	RPAC	Rapac Communication	Pair Corr
0.69	CMER	C Mer Industries	Pair Corr
0.68	ELCRE	Electra Real Estate	Pair Corr
0.53	TSEM	Tower Semiconductor	Pair Corr
0.49	MCRNL	Micronet	Pair Corr
0.48	KRDI	Kardan Israel	Pair Corr
0.45	PTNR	Partner Earnings Call This Week	Pair Corr
0.4	PLCR	Plasto Cargal Group	Pair Corr
0.38	GILT	Gilat Satellite Networks	Pair Corr
0.35	ILCO	Israel Corp	Pair Corr
0.91	ENLT	Enlight Renewable Energy	Pair Corr
0.9	FIBIH	FIBI Holdings	Pair Corr
0.9	PHOE	Phoenix Holdings	Pair Corr
0.89	TASE	Tel Aviv Stock Earnings Call Today	Pair Corr
0.88	WLFD	Willy Food	Pair Corr
0.87	AUGN	Augwind Energy Tech	Pair Corr
0.85	CRMT	Carmit	Pair Corr
0.84	SCOP	Scope Metals Group	Pair Corr
0.84	SOLR	Solaer Israel	Pair Corr
0.79	STCM	Satcom Systems	Pair Corr

Related Correlations Analysis

	RPAC	HIPR	SHVA	PCBT	CMER	ARD	EMCO	ABRA	ALAR
RPAC		0.89	0.82	0.84	0.91	-0.57	-0.34	0.15	-0.43	RPAC
HIPR	0.89		0.75	0.92	0.92	-0.35	-0.08	0.47	-0.32	HIPR
SHVA	0.82	0.75		0.74	0.85	-0.58	-0.63	0.03	-0.57	SHVA
PCBT	0.84	0.92	0.74		0.93	-0.34	-0.05	0.54	-0.28	PCBT
CMER	0.91	0.92	0.85	0.93		-0.4	-0.29	0.38	-0.45	CMER
ARD	-0.57	-0.35	-0.58	-0.34	-0.4		0.43	0.2	0.41	ARD
EMCO	-0.34	-0.08	-0.63	-0.05	-0.29	0.43		0.65	0.6	EMCO
ABRA	0.15	0.47	0.03	0.54	0.38	0.2	0.65		0.17	ABRA
ALAR	-0.43	-0.32	-0.57	-0.28	-0.45	0.41	0.6	0.17		ALAR
	RPAC	HIPR	SHVA	PCBT	CMER	ARD	EMCO	ABRA	ALAR

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

CMER	+ 0.93	PCBT
PCBT	+ 0.92	HIPR
CMER	+ 0.92	HIPR
CMER	+ 0.91	RPAC
HIPR	+ 0.89	RPAC
CMER	+ 0.85	SHVA

High negative correlations

EMCO	- 0.63	SHVA
ARD	- 0.58	SHVA
ALAR	- 0.57	SHVA
ARD	- 0.57	RPAC
ALAR	- 0.45	CMER
ALAR	- 0.43	RPAC

Risk-Adjusted Indicators

There is a big difference between AudioCodes Stock performing well and AudioCodes 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 AudioCodes' 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
RPAC	1.71	0.62	0.31	1.41	1.38	(2.03)	4.61	(2.85)	14.56
HIPR	1.64	0.40	0.27	1.61	1.03	(2.15)	3.70	(2.19)	20.90
SHVA	1.80	0.47	0.18	(12.12)	1.86	(1.93)	4.15	(4.16)	11.26
PCBT	2.29	0.61	0.23	1.11	2.12	(2.94)	6.24	(3.65)	19.68
CMER	1.89	0.78	0.41	2.49	1.23	(2.42)	5.47	(2.72)	21.60
ARD	1.01	(0.02)	0.00	0.10	0.00	0.00	1.78	(2.48)	7.74
EMCO	1.37	(0.27)	0.00	(0.71)	0.00	0.00	2.10	(4.00)	9.86
ABRA	1.69	(0.13)	0.00	(0.22)	0.00	0.00	2.96	(4.96)	23.18
ALAR	3.44	(0.77)	0.00	(3.05)	0.00	0.00	8.42	(5.81)	24.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in AudioCodes 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?

Run Odds Of Bankruptcy Now

Odds Of Bankruptcy

Get analysis of equity chance of financial distress in the next 2 years

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC