Perion Network Correlations

PERI Stock

USD 9.39 0.12 1.26%

The current 90-days correlation between Perion Network and TechTarget Common Stock is 0.36 (i.e., Weak diversification). The correlation of Perion Network 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.

Perion Network Correlation With Market

Very weak diversification

The correlation between Perion Network and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perion Network and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Perion Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perion Network. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Perion Stock please use our How to Invest in Perion Network guide.

Moving together with Perion Stock

0.66	IS3	I Synergy Group	Pair Corr
0.65	PUBM	Pubmatic	Pair Corr

Moving against Perion Stock

0.49	SAA	MC Saatchi	Pair Corr
0.46	XHLD	TEN Holdings Common	Pair Corr
0.43	IBTA	Ibotta	Pair Corr
0.43	MDZ	MediaZest plc	Pair Corr
0.4	LDWY	Lendway	Pair Corr
0.39	CHR	Cheer Holding	Pair Corr
0.35	003010	Guangzhou Ruoyuchen	Pair Corr
0.34	EEX	Emerald Expositions	Pair Corr
0.33	LZMH	LZ Technology Holdings	Pair Corr
0.33	MGNI	Magnite	Pair Corr
0.32	MCHX	Marchex	Pair Corr
0.51	SGRP	SPAR Group	Pair Corr
0.44	SBDS	Silver Bullet Data	Pair Corr
0.43	NEXN	Nexxen International	Pair Corr
0.43	SYS1	System1 Group PLC	Pair Corr
0.37	CDLX	Cardlytics Buyout Trend	Pair Corr
0.35	OML	OohMedia	Pair Corr
0.33	CNET	ZW Data Action	Pair Corr
0.32	MNTN	MNTN Inc	Pair Corr
0.32	SCOR	Comscore	Pair Corr

Related Correlations Analysis

	TTGT	ZH	NCMI	JFIN	ADV	GTN	THRY	WOW	IHRT	AREN
TTGT		0.43	0.47	0.48	0.56	0.33	0.75	0.0	-0.48	0.38	TTGT
ZH	0.43		0.6	0.97	0.93	-0.02	0.76	-0.36	-0.71	0.7	ZH
NCMI	0.47	0.6		0.6	0.56	0.08	0.54	-0.4	-0.57	0.44	NCMI
JFIN	0.48	0.97	0.6		0.96	0.02	0.8	-0.39	-0.71	0.67	JFIN
ADV	0.56	0.93	0.56	0.96		-0.06	0.88	-0.34	-0.74	0.73	ADV
GTN	0.33	-0.02	0.08	0.02	-0.06		0.02	-0.05	0.26	-0.21	GTN
THRY	0.75	0.76	0.54	0.8	0.88	0.02		-0.22	-0.79	0.58	THRY
WOW	0.0	-0.36	-0.4	-0.39	-0.34	-0.05	-0.22		0.16	-0.29	WOW
IHRT	-0.48	-0.71	-0.57	-0.71	-0.74	0.26	-0.79	0.16		-0.51	IHRT
AREN	0.38	0.7	0.44	0.67	0.73	-0.21	0.58	-0.29	-0.51		AREN
	TTGT	ZH	NCMI	JFIN	ADV	GTN	THRY	WOW	IHRT	AREN

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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

JFIN	+ 0.97	ZH
ADV	+ 0.96	JFIN
ADV	+ 0.93	ZH
THRY	+ 0.88	ADV
THRY	+ 0.8	JFIN
THRY	+ 0.76	ZH

High negative correlations

IHRT	- 0.79	THRY
IHRT	- 0.74	ADV
IHRT	- 0.71	JFIN
IHRT	- 0.71	ZH
IHRT	- 0.57	NCMI
AREN	- 0.51	IHRT

Risk-Adjusted Indicators

There is a big difference between Perion Stock performing well and Perion Network 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 Perion Network'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
TTGT	2.68	(0.19)	0.00	(0.01)	0.00	0.00	5.77	(5.80)	15.02
ZH	1.87	(0.58)	0.00	(0.57)	0.00	0.00	2.59	(4.88)	10.81
NCMI	1.75	(0.31)	0.00	(0.13)	0.00	0.00	4.00	(4.42)	14.59
JFIN	2.48	(0.86)	0.00	(0.50)	0.00	0.00	3.79	(5.79)	16.66
ADV	3.41	(0.86)	0.00	(0.27)	0.00	0.00	6.67	(6.82)	22.81
GTN	2.54	(0.44)	0.00	(0.17)	0.00	0.00	4.86	(4.94)	11.80
THRY	3.06	(1.11)	0.00	(0.42)	0.00	0.00	4.32	(6.28)	36.13
WOW	13.76	7.20	14.91	(2.05)	0.00	(18.75)	0.77	(0.44)	461.48
IHRT	4.10	0.58	0.16	0.49	3.58	(5.67)	12.38	(5.91)	44.17
AREN	3.72	(0.15)	0.00	0.89	0.00	0.00	8.00	(6.73)	27.15

Perion Network Corporate Management

Mina Naguib	Chief Officer	Profile
Kenny Lau	Chief Solutions	Profile
Erin McCallion	Chief Officer	Profile
Rami Rozen	Vice Relations	Profile
Avi Zimak	Chief Officer	Profile
Elad Tzubery	Chief Officer	Profile

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