AudioCodes Correlations

AUDC Stock

USD 8.77 0.10 1.15%

The current 90-days correlation between AudioCodes and Aviat Networks is 0.43 (i.e., Very weak 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

Good diversification

The correlation between AudioCodes and DJI is -0.19 (i.e., Good 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.

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

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

Moving together with AudioCodes Stock

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0.8	VECO	Veeco Instruments	Pair Corr
0.78	FORM	FormFactor	Pair Corr
0.72	TER	Teradyne	Pair Corr
0.68	KLAC	KLA Tencor	Pair Corr
0.8	ACLS	Axcelis Technologies	Pair Corr
0.77	ASYS	Amtech Systems Fiscal Year End 12th of December 2024	Pair Corr
0.83	SIMO	Silicon Motion Technology	Pair Corr
0.72	CAMT	Camtek	Pair Corr
0.84	VLKAF	Volkswagen AG	Pair Corr
0.84	VWAGY	Volkswagen AG 110	Pair Corr
0.78	VLKPF	Volkswagen AG VZO	Pair Corr
0.82	VWAPY	Volkswagen AG Pref	Pair Corr
0.7	KO	Coca Cola Aggressive Push	Pair Corr

Moving against AudioCodes Stock

0.71	CSCO	Cisco Systems	Pair Corr
0.71	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.68	EHGO	Eshallgo Class A	Pair Corr
0.53	IPGP	IPG Photonics	Pair Corr
0.53	KLIC	Kulicke and Soffa	Pair Corr
0.31	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.86	AMZN	Amazon Inc	Pair Corr
0.82	WMT	Walmart Aggressive Push	Pair Corr
0.75	CWAN	Clearwater Analytics	Pair Corr
0.74	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.73	BAC	Bank of America Aggressive Push	Pair Corr
0.63	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.56	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.52	HNHPF	Hon Hai Precision	Pair Corr
0.45	HPQ	HP Inc	Pair Corr
0.41	ACN	Accenture plc	Pair Corr
0.39	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.31	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	AVNW	SILC	AKTS	GILT	CMBM	CRNT	KVHI	KN	CMTL
AVNW		-0.74	0.49	-0.79	0.68	0.22	-0.43	-0.43	0.29	AVNW
SILC	-0.74		-0.24	0.69	-0.63	-0.1	0.41	0.49	-0.23	SILC
AKTS	0.49	-0.24		-0.32	0.32	0.7	0.15	0.0	0.22	AKTS
GILT	-0.79	0.69	-0.32		-0.61	-0.37	0.4	0.51	0.02	GILT
CMBM	0.68	-0.63	0.32	-0.61		0.15	-0.44	-0.33	0.23	CMBM
CRNT	0.22	-0.1	0.7	-0.37	0.15		0.09	0.13	-0.35	CRNT
KVHI	-0.43	0.41	0.15	0.4	-0.44	0.09		0.01	0.3	KVHI
KN	-0.43	0.49	0.0	0.51	-0.33	0.13	0.01		-0.37	KN
CMTL	0.29	-0.23	0.22	0.02	0.23	-0.35	0.3	-0.37		CMTL
	AVNW	SILC	AKTS	GILT	CMBM	CRNT	KVHI	KN	CMTL

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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

CRNT	+ 0.7	AKTS
GILT	+ 0.69	SILC
CMBM	+ 0.68	AVNW
KN	+ 0.51	GILT
AKTS	+ 0.49	AVNW
KN	+ 0.49	SILC

High negative correlations

GILT	- 0.79	AVNW
SILC	- 0.74	AVNW
CMBM	- 0.63	SILC
CMBM	- 0.61	GILT
KVHI	- 0.44	CMBM
KN	- 0.43	AVNW

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
AVNW	2.90	(0.48)	0.00	0.29	0.00	0.00	4.64	(5.01)	52.00
SILC	1.59	0.15	0.04	0.65	1.69	(1.82)	3.79	(3.07)	12.10
AKTS	6.71	0.43	0.03	(0.58)	7.89	(7.28)	14.87	(13.84)	33.45
GILT	1.73	0.11	0.04	0.22	2.50	(2.05)	3.20	(3.12)	19.05
CMBM	3.48	(0.74)	0.00	(0.86)	0.00	0.00	6.19	(10.34)	21.89
CRNT	1.99	0.12	0.04	0.27	2.20	(2.25)	4.14	(3.50)	15.13
KVHI	1.69	0.23	0.06	(0.87)	1.64	(2.14)	4.42	(2.92)	10.42
KN	1.48	(0.15)	(0.02)	0.03	1.75	(1.70)	2.67	(3.10)	12.11
CMTL	4.33	0.13	0.00	(0.69)	6.37	(4.89)	12.63	(7.40)	40.77

AudioCodes Corporate Executives

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

	Niran CPA	CFO Finance	Profile
	Lior Aldema	COO and Head of Global Sales	Profile

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