Gilat Satellite Correlations

GILT Stock

USD 5.55 0.31 5.92%

The current 90-days correlation between Gilat Satellite Networks and ADTRAN Inc is 0.18 (i.e., Average diversification). The correlation of Gilat Satellite 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.

Gilat Satellite Correlation With Market

Modest diversification

The correlation between Gilat Satellite Networks and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gilat Satellite Networks and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gilat Satellite Networks. 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 economic analysis.

Moving together with Gilat Stock

0.62	EHGO	Eshallgo Class A	Pair Corr
0.83	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.87	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.83	IPGP	IPG Photonics	Pair Corr
0.86	KLIC	Kulicke and Soffa	Pair Corr
0.74	CWAN	Clearwater Analytics	Pair Corr
0.75	WMT	Walmart Aggressive Push	Pair Corr
0.76	AMZN	Amazon Inc	Pair Corr
0.74	HNHPF	Hon Hai Precision	Pair Corr
0.63	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Gilat Stock

0.77	ASYS	Amtech Systems Fiscal Year End 12th of December 2024	Pair Corr
0.63	ACLS	Axcelis Technologies	Pair Corr
0.61	ICG	Intchains Group	Pair Corr
0.6	TER	Teradyne	Pair Corr
0.55	CDW	CDW Corp	Pair Corr
0.54	SIMO	Silicon Motion Technology	Pair Corr
0.49	VECO	Veeco Instruments	Pair Corr
0.49	KLAC	KLA Tencor	Pair Corr
0.45	FORM	FormFactor	Pair Corr
0.34	CAMT	Camtek	Pair Corr
0.33	AEHR	Aehr Test Systems	Pair Corr
0.76	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.74	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.68	KO	Coca Cola Aggressive Push	Pair Corr
0.68	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.66	VWAGY	Volkswagen AG 110	Pair Corr
0.65	VLKAF	Volkswagen AG	Pair Corr
0.64	VWAPY	Volkswagen AG Pref	Pair Corr
0.61	VLKPF	Volkswagen AG VZO	Pair Corr
0.6	DPSTF	Deutsche Post AG	Pair Corr
0.56	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.53	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	ADTN	MYNA	KVHI	TSAT	DGII	CRNT	ITRN	AVNW	AUDC	SILC
ADTN		0.55	0.56	0.21	0.82	0.2	0.28	-0.87	-0.69	0.76	ADTN
MYNA	0.55		0.47	0.51	0.53	-0.19	-0.12	-0.52	-0.47	0.49	MYNA
KVHI	0.56	0.47		0.39	0.42	0.31	-0.08	-0.52	-0.4	0.53	KVHI
TSAT	0.21	0.51	0.39		0.28	-0.49	-0.35	-0.27	-0.29	0.28	TSAT
DGII	0.82	0.53	0.42	0.28		0.09	0.47	-0.63	-0.47	0.67	DGII
CRNT	0.2	-0.19	0.31	-0.49	0.09		0.52	0.07	0.29	0.02	CRNT
ITRN	0.28	-0.12	-0.08	-0.35	0.47	0.52		0.06	0.27	0.11	ITRN
AVNW	-0.87	-0.52	-0.52	-0.27	-0.63	0.07	0.06		0.89	-0.74	AVNW
AUDC	-0.69	-0.47	-0.4	-0.29	-0.47	0.29	0.27	0.89		-0.62	AUDC
SILC	0.76	0.49	0.53	0.28	0.67	0.02	0.11	-0.74	-0.62		SILC
	ADTN	MYNA	KVHI	TSAT	DGII	CRNT	ITRN	AVNW	AUDC	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

AUDC	+ 0.89	AVNW
DGII	+ 0.82	ADTN
SILC	+ 0.76	ADTN
SILC	+ 0.67	DGII
KVHI	+ 0.56	ADTN
MYNA	+ 0.55	ADTN

High negative correlations

AVNW	- 0.87	ADTN
SILC	- 0.74	AVNW
AUDC	- 0.69	ADTN
AVNW	- 0.63	DGII
SILC	- 0.62	AUDC
AVNW	- 0.52	KVHI

Risk-Adjusted Indicators

There is a big difference between Gilat Stock performing well and Gilat Satellite 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 Gilat Satellite'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
ADTN	2.41	0.58	0.32	0.46	1.59	(2.98)	6.31	(3.34)	22.03
MYNA	4.90	0.18	0.02	0.67	4.96	(6.44)	14.29	(8.89)	25.89
KVHI	1.72	0.19	0.07	0.48	1.64	(2.15)	4.42	(2.92)	10.42
TSAT	3.94	0.36	0.09	0.41	4.20	(4.72)	10.29	(7.07)	23.01
DGII	1.57	(0.01)	0.06	0.12	1.69	(1.81)	3.55	(3.10)	11.66
CRNT	2.19	0.25	0.10	0.36	2.00	(2.64)	4.45	(3.50)	15.13
ITRN	1.05	(0.04)	(0.05)	0.07	1.10	(1.18)	2.27	(1.74)	7.31
AVNW	2.92	(0.38)	0.00	0.27	0.00	0.00	4.64	(5.01)	52.00
AUDC	1.88	(0.14)	0.00	0.36	0.00	0.00	4.39	(3.37)	20.39
SILC	1.62	0.12	0.01	0.71	1.73	(1.82)	3.79	(3.07)	12.10

Gilat Satellite Corporate Management

Michal Aharonov	VP Officer	Profile
Yael Shofar	Gen Sec	Profile
Ron Levin	Chief Officer	Profile
Arieh Rohrstock	Corporate Peru	Profile
Doreet Oren	Senior Communications	Profile
Doron Kerbel	General Secretary	Profile
Gilad Landsberg	Chief Officer	Profile

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