Radware Correlations

RDWR Stock

USD 22.60 0.14 0.62%

The current 90-days correlation between Radware and Evertec is 0.01 (i.e., Significant 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

Average diversification

The correlation between Radware and DJI is 0.13 (i.e., Average 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.

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 various price indices.

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

Moving together with Radware Stock

0.67	ZS	Zscaler	Pair Corr
0.68	MDB	MongoDB	Pair Corr
0.75	PANW	Palo Alto Networks	Pair Corr

Moving against Radware Stock

0.5	GB	Global Blue Group	Pair Corr
0.34	ASX	ASE Industrial Holding Earnings Call Tomorrow	Pair Corr
0.51	NYAX	Nayax Tech Boost	Pair Corr
0.37	HIMX	Himax Technologies Earnings Call This Week	Pair Corr
0.33	QRVO	Qorvo Inc	Pair Corr
0.31	MPWR	Monolithic Power Systems Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EVTC	CCSI	GB	LVOX	ESMT	CSGS	STER	SCWX	NTCT	FORG
EVTC		0.11	-0.44	0.0	0.0	0.47	0.0	-0.13	0.22	0.0	EVTC
CCSI	0.11		0.27	0.0	0.0	0.8	0.0	0.32	0.72	0.0	CCSI
GB	-0.44	0.27		0.0	0.0	0.05	0.0	0.59	0.19	0.0	GB
LVOX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	LVOX
ESMT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ESMT
CSGS	0.47	0.8	0.05	0.0	0.0		0.0	0.23	0.76	0.0	CSGS
STER	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	STER
SCWX	-0.13	0.32	0.59	0.0	0.0	0.23	0.0		0.41	0.0	SCWX
NTCT	0.22	0.72	0.19	0.0	0.0	0.76	0.0	0.41		0.0	NTCT
FORG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FORG
	EVTC	CCSI	GB	LVOX	ESMT	CSGS	STER	SCWX	NTCT	FORG

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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

CSGS	+ 0.8	CCSI
NTCT	+ 0.76	CSGS
NTCT	+ 0.72	CCSI
SCWX	+ 0.59	GB
CSGS	+ 0.47	EVTC
NTCT	+ 0.41	SCWX

High negative correlations

GB	- 0.44	EVTC
SCWX	- 0.13	EVTC
FORG	- 0.0	NTCT
FORG	- 0.0	SCWX
FORG	- 0.0	STER
NTCT	- 0.0	STER

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
EVTC	1.16	(0.03)	(0.05)	0.02	1.70	(1.11)	2.77	(2.30)	10.78
CCSI	1.95	0.52	0.17	1.54	2.11	(2.15)	4.16	(3.95)	20.68
GB	2.27	0.47	0.13	15.21	2.65	(2.48)	4.77	(4.49)	22.78
LVOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSGS	1.22	0.23	0.16	0.40	1.07	(1.43)	2.66	(1.64)	13.96
STER	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCWX	0.13	0.00	(0.42)	0.24	0.04	(0.20)	0.36	(0.24)	1.07
NTCT	1.56	0.26	0.14	0.47	1.45	(1.74)	3.29	(2.71)	11.69
FORG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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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