Bandwidth Correlations

BAND Stock

USD 13.53 0.02 0.15%

The current 90-days correlation between Bandwidth and OneSpan is 0.24 (i.e., Modest diversification). The correlation of Bandwidth 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.

Bandwidth Correlation With Market

Modest diversification

The correlation between Bandwidth and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bandwidth and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bandwidth Stock

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

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

Moving against Bandwidth Stock

0.57	TEO	Telecom Argentina	Pair Corr
0.47	VZ	Verizon Communications	Pair Corr
0.45	ACR-PC	ACRES Commercial Realty	Pair Corr
0.36	PNGM	Er Therapeutics	Pair Corr
0.36	SANM	Sanmina Tech Boost	Pair Corr

Related Correlations Analysis

	OSPN	DAVA	IMXI	CRNC	CCSI	PRTH	GRRR	ALLT	BLZE
OSPN		0.6	-0.52	0.3	0.44	0.75	0.46	0.29	0.6	OSPN
DAVA	0.6		-0.72	-0.03	0.82	0.73	0.58	-0.01	0.8	DAVA
IMXI	-0.52	-0.72		0.37	-0.54	-0.66	-0.46	0.32	-0.6	IMXI
CRNC	0.3	-0.03	0.37		0.05	0.28	0.23	0.71	0.14	CRNC
CCSI	0.44	0.82	-0.54	0.05		0.76	0.71	0.0	0.91	CCSI
PRTH	0.75	0.73	-0.66	0.28	0.76		0.64	0.24	0.84	PRTH
GRRR	0.46	0.58	-0.46	0.23	0.71	0.64		0.18	0.82	GRRR
ALLT	0.29	-0.01	0.32	0.71	0.0	0.24	0.18		0.16	ALLT
BLZE	0.6	0.8	-0.6	0.14	0.91	0.84	0.82	0.16		BLZE
	OSPN	DAVA	IMXI	CRNC	CCSI	PRTH	GRRR	ALLT	BLZE

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

BLZE	+ 0.91	CCSI
BLZE	+ 0.84	PRTH
CCSI	+ 0.82	DAVA
BLZE	+ 0.82	GRRR
BLZE	+ 0.8	DAVA
PRTH	+ 0.76	CCSI

High negative correlations

IMXI	- 0.72	DAVA
PRTH	- 0.66	IMXI
BLZE	- 0.6	IMXI
CCSI	- 0.54	IMXI
IMXI	- 0.52	OSPN
GRRR	- 0.46	IMXI

Risk-Adjusted Indicators

There is a big difference between Bandwidth Stock performing well and Bandwidth 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 Bandwidth'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
OSPN	2.05	(0.30)	0.00	(0.20)	0.00	0.00	3.47	(4.28)	30.02
DAVA	2.72	(0.35)	0.00	(0.19)	0.00	0.00	4.93	(4.51)	34.91
IMXI	0.20	0.07	(0.14)	1.90	0.00	(0.28)	0.41	(0.33)	1.45
CRNC	3.52	0.08	0.03	0.15	3.91	(3.88)	8.14	(5.86)	33.00
CCSI	2.11	(0.36)	0.00	(0.08)	0.00	0.00	3.56	(4.81)	20.98
PRTH	2.78	(0.42)	0.00	(0.04)	0.00	0.00	5.63	(4.74)	34.79
GRRR	3.42	(0.52)	0.00	(0.17)	0.00	0.00	9.43	(7.66)	19.05
ALLT	2.50	(0.02)	0.02	0.09	3.02	(2.69)	5.83	(5.08)	16.00
BLZE	2.89	(1.10)	0.00	(0.32)	0.00	0.00	5.46	(6.25)	42.64

Bandwidth Corporate Management

Sanford Preizler	Chief Officer	Profile
Karl Perkins	Chief Officer	Profile
Devin Krupka	Principal Officer	Profile
Anthony Bartolo	Chief Officer	Profile
Richard JD	General Secretary	Profile
Scott Mullen	Chief Officer	Profile

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