COMSovereign Holding Correlations
| COMSPDelisted Preferred Stock | USD 2.15 0.00 0.00% |
The correlation of COMSovereign Holding 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. If the correlation is 0, the equities are not correlated; they are entirely random.
COMSovereign Holding Correlation With Market
Significant diversification
The correlation between COMSovereign Holding Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COMSovereign Holding Corp and DJI in the same portfolio, assuming nothing else is changed.
COMSovereign |
The ability to find closely correlated positions to COMSovereign Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COMSovereign Holding 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 COMSovereign Holding - 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 COMSovereign Holding Corp to buy it.
Moving together with COMSovereign Pink Sheet
Moving against COMSovereign Pink Sheet
| 0.69 | EB | Eventbrite Class A | PairCorr |
| 0.62 | ZG | Zillow Group | PairCorr |
| 0.57 | Z | Zillow Group Class | PairCorr |
| 0.49 | DJCO | Daily Journal Corp | PairCorr |
| 0.37 | SE | Sea | PairCorr |
| 0.35 | EA | Electronic Arts Earnings Call This Week | PairCorr |
| 0.34 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.54 | CNK | Cinemark Holdings | PairCorr |
| 0.43 | ANGHW | Anghami Warrants | PairCorr |
| 0.41 | FOXA | Fox Corp Class Earnings Call This Week | PairCorr |
| 0.33 | CCG | Cheche Group Class | PairCorr |
| 0.31 | CCZ | Comcast Holdings Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between COMSovereign Pink Sheet performing well and COMSovereign Holding 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 COMSovereign Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATEC | 3.21 | 1.26 | 0.40 | 1.10 | 2.17 | 7.91 | 47.03 | |||
| XTNT | 2.86 | 0.03 | 0.00 | 0.14 | 3.30 | 7.50 | 20.61 | |||
| TOMDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CPNG | 1.62 | (0.17) | 0.00 | (0.15) | 0.00 | 2.80 | 15.38 | |||
| SE | 1.78 | 0.32 | 0.14 | 2.63 | 1.54 | 4.64 | 14.60 | |||
| NVNO | 2.77 | (0.10) | (0.03) | (0.01) | 3.04 | 8.51 | 20.68 | |||
| MMSI | 1.06 | 0.17 | 0.10 | 0.41 | 1.02 | 3.02 | 7.20 | |||
| FIGI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
COMSovereign Holding Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with COMSovereign Holding pink sheet to make a market-neutral strategy. Peer analysis of COMSovereign Holding could also be used in its relative valuation, which is a method of valuing COMSovereign Holding by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
COMSovereign Holding Corporate Management
| David Knight | Interim Chairman | Profile | |
| Harold Patterson | Chief Officer | Profile | |
| Steve Gersten | Director Relations | Profile | |
| Mohan Tammisetti | VP Engineering | Profile | |
| Keith Kaczmarek | Sr Devel | Profile | |
| Dustin McIntire | Chief Officer | Profile | |
| Kevin Sherlock | G Sec | Profile |
Still Interested in COMSovereign Holding Corp?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.