Ceragon Networks Correlations
| GGN Stock | EUR 1.89 0.06 3.08% |
The current 90-days correlation between Ceragon Networks and Perusahaan Perseroan PT is 0.08 (i.e., Significant diversification). The correlation of Ceragon Networks 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.
Ceragon Networks Correlation With Market
Very weak diversification
The correlation between Ceragon Networks and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ceragon Networks and DJI in the same portfolio, assuming nothing else is changed.
Ceragon |
The ability to find closely correlated positions to Ceragon Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ceragon Networks 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 Ceragon Networks - 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 Ceragon Networks to buy it.
Moving together with Ceragon Stock
| 0.63 | BYRA | PT Bank Rakyat Earnings Call This Week | PairCorr |
| 0.65 | O3I | FLOW TRADERS LTD | PairCorr |
| 0.66 | 7YZ | THARISA NON LIST | PairCorr |
| 0.75 | SZL | SOLSTAD OFFSHORE | PairCorr |
| 0.64 | SJ3 | Sherwin Williams | PairCorr |
| 0.66 | NEF | Neste Oyj | PairCorr |
| 0.74 | LPK | LPKF Laser Electronics | PairCorr |
| 0.74 | DJDA | DIeteren Group SA | PairCorr |
| 0.71 | FEV | FORTEC Elektronik | PairCorr |
| 0.64 | 6IC | Iridium Communications | PairCorr |
| 0.61 | H3M | Hochschild Mining plc | PairCorr |
| 0.62 | WCE | CECO ENVIRONMENTAL Earnings Call This Week | PairCorr |
| 0.61 | ENI | Eni SpA | PairCorr |
Moving against Ceragon Stock
| 0.48 | BYRA | BANK RAKYAT IND Earnings Call This Week | PairCorr |
| 0.48 | BZG2 | PT Bank Central | PairCorr |
| 0.45 | 4AH1 | PT Ace Hardware | PairCorr |
| 0.63 | DBPD | Xtrackers ShortDAX | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Ceragon Stock performing well and Ceragon 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 Ceragon 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PQ9 | 4.85 | 0.27 | 0.03 | 0.18 | 5.73 | 17.39 | 40.26 | |||
| PQ90 | 2.75 | 0.22 | 0.03 | (2.15) | 3.82 | 3.57 | 42.92 | |||
| BYRA | 4.14 | 0.38 | 0.04 | (0.35) | 4.34 | 11.11 | 26.67 | |||
| SSUN | 2.60 | 0.79 | 0.27 | 0.91 | 2.28 | 6.04 | 14.94 | |||
| SSU | 2.94 | 0.96 | 0.35 | 1.64 | 2.16 | 7.66 | 15.03 | |||
| SSUN | 2.48 | 0.83 | 0.26 | (1.17) | 2.21 | 6.10 | 13.83 | |||
| SSU | 2.79 | 0.94 | 0.31 | (1.40) | 2.05 | 6.22 | 15.50 | |||
| BZG2 | 2.74 | (0.27) | 0.00 | 1.53 | 0.00 | 7.50 | 20.00 | |||
| TCID | 4.01 | 0.13 | 0.01 | 0.70 | 5.37 | 12.50 | 35.42 | |||
| PTI | 1.49 | (0.02) | (0.02) | 0.00 | 2.48 | 2.81 | 16.77 |
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Ceragon Networks Corporate Management
Elected by the shareholders, the Ceragon Networks' board of directors comprises two types of representatives: Ceragon Networks inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ceragon. The board's role is to monitor Ceragon Networks' management team and ensure that shareholders' interests are well served. Ceragon Networks' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ceragon Networks' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Zvi Maayan | Gen VP | Profile | |
| Adrian Hipkiss | Regional Kinetics | Profile | |
| Maya Lustig | Head Relations | Profile | |
| Mario Querner | Regional Arica | Profile | |
| Ronen Stein | Chief Officer | Profile | |
| Guy Toibin | Ex Officer | Profile |