Comtech Telecommunicatio Correlations

CMTL Stock

USD 2.63 0.03 1.13%

The current 90-days correlation between Comtech Telecommunicatio and DZS Inc is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comtech Telecommunicatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comtech Telecommunications Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Comtech Telecommunicatio Correlation With Market

Good diversification

The correlation between Comtech Telecommunications Cor and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Comtech Telecommunications Cor 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 Comtech Telecommunications 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 estimate.

Moving against Comtech Stock

0.47	KE	Kimball Electronics	Pair Corr
0.31	EBON	Ebang International	Pair Corr
0.52	BHE	Benchmark Electronics	Pair Corr
0.41	BAERW	Bridger Aerospace	Pair Corr
0.39	CTS	CTS Corporation	Pair Corr
0.33	BDC	Belden Inc	Pair Corr

Related Correlations Analysis

	DZSI	KVHI	AVNW	HLIT	TSAT	KN	ITRN	MYNA	TESS	SILC
DZSI		-0.66	-0.02	0.09	-0.42	-0.53	-0.77	0.56	-0.69	-0.62	DZSI
KVHI	-0.66		-0.2	0.06	0.65	0.81	0.88	-0.64	0.78	0.54	KVHI
AVNW	-0.02	-0.2		0.47	0.21	-0.4	-0.08	-0.08	0.04	-0.06	AVNW
HLIT	0.09	0.06	0.47		0.37	-0.02	0.09	-0.22	0.14	-0.02	HLIT
TSAT	-0.42	0.65	0.21	0.37		0.65	0.78	-0.88	0.87	0.63	TSAT
KN	-0.53	0.81	-0.4	-0.02	0.65		0.86	-0.62	0.81	0.66	KN
ITRN	-0.77	0.88	-0.08	0.09	0.78	0.86		-0.75	0.91	0.74	ITRN
MYNA	0.56	-0.64	-0.08	-0.22	-0.88	-0.62	-0.75		-0.84	-0.63	MYNA
TESS	-0.69	0.78	0.04	0.14	0.87	0.81	0.91	-0.84		0.75	TESS
SILC	-0.62	0.54	-0.06	-0.02	0.63	0.66	0.74	-0.63	0.75		SILC
	DZSI	KVHI	AVNW	HLIT	TSAT	KN	ITRN	MYNA	TESS	SILC

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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

TESS	+ 0.91	ITRN
ITRN	+ 0.88	KVHI
TESS	+ 0.87	TSAT
ITRN	+ 0.86	KN
KN	+ 0.81	KVHI
TESS	+ 0.81	KN

High negative correlations

MYNA	- 0.88	TSAT
TESS	- 0.84	MYNA
ITRN	- 0.77	DZSI
MYNA	- 0.75	ITRN
TESS	- 0.69	DZSI
KVHI	- 0.66	DZSI

Risk-Adjusted Indicators

There is a big difference between Comtech Stock performing well and Comtech Telecommunicatio 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 Comtech Telecommunicatio'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
DZSI	5.85	(2.67)	0.00	1.21	0.00	0.00	8.73	(20.00)	63.79
KVHI	1.63	0.27	0.11	(0.71)	1.88	(1.81)	4.21	(2.92)	8.92
AVNW	2.52	(0.13)	0.00	(0.10)	0.00	0.00	5.33	(4.64)	38.57
HLIT	1.82	(0.11)	0.00	(0.10)	0.00	0.00	3.59	(3.87)	27.86
TSAT	3.66	0.38	0.08	(0.41)	3.89	(4.14)	7.63	(5.52)	22.33
KN	1.34	0.19	0.13	0.30	1.27	(1.69)	2.43	(2.51)	12.11
ITRN	1.21	0.33	0.26	1.10	0.96	(1.47)	3.95	(1.72)	7.35
MYNA	7.53	(0.48)	0.00	0.31	0.00	0.00	14.29	(15.91)	78.82
TESS	0.13	0.02	0.03	(1.72)	0.00	(0.22)	0.23	(0.23)	1.03
SILC	2.51	0.35	0.10	0.59	2.94	(2.73)	6.52	(5.24)	18.76

Comtech Telecommunicatio Corporate Management

Maria Hedden	Chief Officer	Profile
John Ratigan	Interim Officer	Profile
Nancy CPA	Treasurer Secretary	Profile
Donald Walther	Chief Secretary	Profile
Donald JD	Chief Secretary	Profile

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