Cambium Networks Correlations

CMBM Stock

USD 1.03 0.05 5.10%

The current 90-days correlation between Cambium Networks Corp and Aviat Networks is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cambium Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cambium Networks Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cambium Networks Correlation With Market

Modest diversification

The correlation between Cambium Networks Corp and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambium Networks Corp 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 Cambium Networks Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Cambium Stock

0.81	DM	Desktop Metal	Pair Corr
0.66	FN	Fabrinet	Pair Corr
0.7	DSWL	Deswell Industries	Pair Corr
0.82	VISL	Vislink Technologies	Pair Corr
0.7	CDW	CDW Corp	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.82	LPL	LG Display Earnings Call This Week	Pair Corr

Moving against Cambium Stock

0.82	SATLW	Satellogic Warrant	Pair Corr
0.72	AMPGW	AmpliTech Group	Pair Corr
0.68	KN	Knowles Cor	Pair Corr
0.64	EMKR	EMCORE	Pair Corr
0.61	UI	Ubiquiti Networks Tech Boost	Pair Corr
0.57	VIAV	Viavi Solutions	Pair Corr
0.34	ELTK	Eltek	Pair Corr
0.33	EHGO	Eshallgo Class A	Pair Corr
0.86	FEIM	Frequency Electronics	Pair Corr
0.75	CLS	Celestica	Pair Corr
0.72	FFIV	F5 Networks	Pair Corr
0.69	EXTR	Extreme Networks	Pair Corr
0.5	DLB	Dolby Laboratories	Pair Corr
0.45	FLEX	Flex	Pair Corr
0.45	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.41	FKWL	Franklin Wireless Corp	Pair Corr
0.34	APH	Amphenol Earnings Call This Week	Pair Corr
0.81	MOB	Mobilicom Limited	Pair Corr
0.8	SNT	Senstar Technologies	Pair Corr
0.72	IDN	Intellicheck Mobilisa	Pair Corr
0.63	MEI	Methode Electronics	Pair Corr
0.61	JBL	Jabil Circuit	Pair Corr
0.57	OSS	One Stop Systems Trending	Pair Corr

Related Correlations Analysis

	AVNW	RMNI	AIRG	CALX	CLFD
AVNW		-0.17	-0.05	0.88	0.74	AVNW
RMNI	-0.17		-0.89	0.05	-0.21	RMNI
AIRG	-0.05	-0.89		-0.2	0.11	AIRG
CALX	0.88	0.05	-0.2		0.83	CALX
CLFD	0.74	-0.21	0.11	0.83		CLFD
	AVNW	RMNI	AIRG	CALX	CLFD

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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

CALX	+ 0.88	AVNW
CLFD	+ 0.83	CALX
CLFD	+ 0.74	AVNW
CLFD	+ 0.11	AIRG
CALX	+ 0.05	RMNI

High negative correlations

AIRG	- 0.89	RMNI
CLFD	- 0.21	RMNI
CALX	- 0.2	AIRG
RMNI	- 0.17	AVNW
AIRG	- 0.05	AVNW

Risk-Adjusted Indicators

There is a big difference between Cambium Stock performing well and Cambium Networks 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 Cambium Networks' 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	2.52	(0.13)	0.00	(0.10)	0.00	0.00	5.33	(4.64)	38.57
RMNI	3.38	0.74	0.23	0.84	2.68	(4.21)	6.72	(5.24)	39.56
AIRG	2.76	(0.27)	0.00	(0.43)	0.00	0.00	4.77	(6.24)	14.35
CALX	2.20	0.00	0.00	0.02	2.62	(2.37)	5.09	(4.38)	17.40
CLFD	2.18	0.11	0.03	0.17	3.25	(2.03)	4.73	(5.26)	10.91

Cambium Networks Corporate Management

CPA CPA	Chief Officer	Profile
Bryan Sheppeck	Senior Sales	Profile
Vibhu Vivek	Senior Products	Profile
Raymond Graaf	Senior Operations	Profile
Peter Schuman	Director Relations	Profile
Ronald Ryan	Senior Management	Profile

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