Perion Network Correlations

PERI Stock

USD 8.35 0.15 1.76%

The current 90-days correlation between Perion Network and TechTarget Common Stock is 0.27 (i.e., Modest 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

Excellent diversification

The correlation between Perion Network and DJI is -0.62 (i.e., Excellent 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 real.

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

0.85	YOC	YOC AG	Pair Corr
0.79	EDHL	Everbright Digital	Pair Corr
0.69	PUB	Publicis Groupe SA	Pair Corr
0.71	CHR	Cheer Holding	Pair Corr
0.77	INF	Informa PLC	Pair Corr
0.66	IBTA	Ibotta Earnings Call Tomorrow	Pair Corr
0.77	INTJ	Intelligent Group	Pair Corr
0.67	GTN	GTN	Pair Corr

Moving against Perion Stock

0.81	FLNT	Fluent Inc	Pair Corr
0.75	VSME	VS Media Holdings	Pair Corr
0.63	EEX	Emerald Expositions	Pair Corr
0.6	CCO	Clear Channel Outdoor Earnings Call This Week	Pair Corr
0.46	HAO	Haoxi Health Technology	Pair Corr
0.59	ALMKS	Making Science Group Earnings Call Tomorrow	Pair Corr
0.38	ALINV	Invibes Advertising	Pair Corr
0.34	SAA	MC Saatchi	Pair Corr

Related Correlations Analysis

	TTGT	ZH	NCMI	JFIN	ADV	GTN	THRY	WOW	IHRT	AREN
TTGT		-0.07	0.36	0.25	0.48	0.07	0.47	-0.29	0.39	0.54	TTGT
ZH	-0.07		0.08	0.44	0.31	-0.54	-0.07	0.01	-0.31	0.14	ZH
NCMI	0.36	0.08		0.42	0.66	0.28	0.88	-0.84	0.62	0.8	NCMI
JFIN	0.25	0.44	0.42		0.39	-0.24	0.23	-0.18	-0.02	0.55	JFIN
ADV	0.48	0.31	0.66	0.39		-0.11	0.64	-0.44	0.25	0.67	ADV
GTN	0.07	-0.54	0.28	-0.24	-0.11		0.32	-0.29	0.71	0.05	GTN
THRY	0.47	-0.07	0.88	0.23	0.64	0.32		-0.9	0.78	0.86	THRY
WOW	-0.29	0.01	-0.84	-0.18	-0.44	-0.29	-0.9		-0.73	-0.77	WOW
IHRT	0.39	-0.31	0.62	-0.02	0.25	0.71	0.78	-0.73		0.55	IHRT
AREN	0.54	0.14	0.8	0.55	0.67	0.05	0.86	-0.77	0.55		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

THRY	+ 0.88	NCMI
AREN	+ 0.86	THRY
AREN	+ 0.8	NCMI
IHRT	+ 0.78	THRY
IHRT	+ 0.71	GTN
AREN	+ 0.67	ADV

High negative correlations

WOW	- 0.9	THRY
WOW	- 0.84	NCMI
AREN	- 0.77	WOW
IHRT	- 0.73	WOW
GTN	- 0.54	ZH
WOW	- 0.44	ADV

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	2.35	(0.54)	0.00	(0.29)	0.00	0.00	4.71	(5.21)	17.58
ZH	2.40	(0.28)	0.00	(0.28)	0.00	0.00	3.62	(4.88)	22.47
NCMI	1.60	(0.36)	0.00	(0.14)	0.00	0.00	3.04	(3.56)	11.43
JFIN	2.38	(0.27)	0.00	(0.07)	0.00	0.00	4.01	(5.61)	15.51
ADV	4.46	(1.20)	0.00	(0.39)	0.00	0.00	6.67	(10.42)	37.90
GTN	2.39	(0.14)	(0.02)	0.01	2.79	(2.75)	5.31	(4.31)	13.88
THRY	2.81	(0.74)	0.00	(0.30)	0.00	0.00	4.83	(6.70)	14.37
WOW	13.87	6.59	9.45	1.12	0.00	(16.11)	1.70	(0.58)	467.28
IHRT	2.97	(0.45)	0.00	(0.16)	0.00	0.00	7.49	(5.90)	20.27
AREN	3.12	(0.44)	0.00	(0.12)	0.00	0.00	5.92	(6.65)	21.24

Perion Network Corporate Management

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

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