Radware Correlations

RDWR Stock

USD 24.14 0.25 1.03%

The current 90-days correlation between Radware and GigaCloud Technology Class is 0.15 (i.e., Average diversification). The correlation of Radware 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.

Radware Correlation With Market

Weak diversification

The correlation between Radware and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Radware and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Radware Stock

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

To learn how to invest in Radware Stock, please use our How to Invest in Radware guide.

Moving together with Radware Stock

0.66	MSFT	Microsoft	Pair Corr
0.71	HD	Home Depot	Pair Corr

Moving against Radware Stock

0.62	CSCO	Cisco Systems	Pair Corr
0.62	PPERY	Bank Mandiri Persero	Pair Corr
0.59	KB	KB Financial Group	Pair Corr
0.59	SHG	Shinhan Financial	Pair Corr
0.45	ASXSF	Elysee Development Corp	Pair Corr
0.44	PBCRY	Bank Central Asia Earnings Call This Week	Pair Corr
0.44	WSFS	WSFS Financial	Pair Corr
0.43	PTBRY	Bank Negara Indonesia	Pair Corr
0.42	F	Ford Motor	Pair Corr
0.42	MRK	Merck Company	Pair Corr
0.35	PBCRF	PT Bank Central Earnings Call This Week	Pair Corr
0.32	ATI	Allegheny Technologies	Pair Corr
0.71	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.67	KO	Coca Cola Aggressive Push	Pair Corr
0.62	DD	Dupont De Nemours	Pair Corr
0.57	PFE	Pfizer Inc	Pair Corr
0.46	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.4	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.39	CAT	Caterpillar	Pair Corr
0.36	IBM	International Business	Pair Corr

Related Correlations Analysis

	GCT	RZLV	RPD	YEXT	VRNT	TIXT	ATEN	MGIC	HKD	ARQQ
GCT		-0.75	-0.56	-0.03	-0.24	0.79	0.12	0.93	-0.64	-0.74	GCT
RZLV	-0.75		0.68	-0.32	0.57	-0.92	0.05	-0.73	0.54	0.91	RZLV
RPD	-0.56	0.68		-0.03	0.4	-0.75	0.49	-0.61	0.49	0.78	RPD
YEXT	-0.03	-0.32	-0.03		-0.48	0.23	-0.04	-0.14	0.2	-0.21	YEXT
VRNT	-0.24	0.57	0.4	-0.48		-0.5	0.14	-0.23	0.09	0.45	VRNT
TIXT	0.79	-0.92	-0.75	0.23	-0.5		-0.17	0.76	-0.6	-0.88	TIXT
ATEN	0.12	0.05	0.49	-0.04	0.14	-0.17		0.17	0.04	0.17	ATEN
MGIC	0.93	-0.73	-0.61	-0.14	-0.23	0.76	0.17		-0.64	-0.73	MGIC
HKD	-0.64	0.54	0.49	0.2	0.09	-0.6	0.04	-0.64		0.6	HKD
ARQQ	-0.74	0.91	0.78	-0.21	0.45	-0.88	0.17	-0.73	0.6		ARQQ
	GCT	RZLV	RPD	YEXT	VRNT	TIXT	ATEN	MGIC	HKD	ARQQ

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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

MGIC	+ 0.93	GCT
ARQQ	+ 0.91	RZLV
TIXT	+ 0.79	GCT
ARQQ	+ 0.78	RPD
MGIC	+ 0.76	TIXT
RPD	+ 0.68	RZLV

High negative correlations

TIXT	- 0.92	RZLV
ARQQ	- 0.88	TIXT
TIXT	- 0.75	RPD
RZLV	- 0.75	GCT
ARQQ	- 0.74	GCT
ARQQ	- 0.73	MGIC

Risk-Adjusted Indicators

There is a big difference between Radware Stock performing well and Radware 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 Radware'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
GCT	2.79	0.55	0.17	0.43	2.89	(3.04)	5.71	(6.01)	35.50
RZLV	5.69	(0.64)	0.00	(0.16)	0.00	0.00	13.33	(9.73)	47.21
RPD	1.93	(0.54)	0.00	(0.59)	0.00	0.00	3.15	(4.06)	24.45
YEXT	0.97	(0.21)	0.00	(0.23)	0.00	0.00	2.04	(2.09)	8.06
VRNT	0.12	0.00	(0.53)	0.20	0.06	(0.16)	0.20	(0.20)	0.79
TIXT	1.07	0.17	0.10	0.42	0.92	(1.58)	2.41	(1.78)	17.91
ATEN	1.20	(0.15)	0.00	(0.12)	0.00	0.00	2.09	(3.16)	6.88
MGIC	1.96	0.35	0.14	0.46	2.09	(2.26)	4.98	(3.51)	16.15
HKD	4.28	(0.13)	(0.01)	0.01	5.22	(5.46)	5.51	(8.72)	93.20
ARQQ	5.62	(1.24)	0.00	(0.16)	0.00	0.00	11.26	(10.64)	46.11

Radware Corporate Management

Alexander Krakhofer	Head DACH	Profile
Guy CPA	Chief Officer	Profile
Guy Avidan	Chief Officer	Profile
Riki Goldreich	Chief Officer	Profile

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