Sangoma Technologies Correlations

SANG Stock

USD 7.37 0.02 0.27%

The current 90-days correlation between Sangoma Technologies Corp and Lesaka Technologies is 0.01 (i.e., Significant diversification). The correlation of Sangoma Technologies 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.

Sangoma Technologies Correlation With Market

Significant diversification

The correlation between Sangoma Technologies Corp and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sangoma Technologies Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sangoma Technologies Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Sangoma Stock

0.86	BB	BlackBerry Downward Rally	Pair Corr
0.85	GB	Global Blue Group	Pair Corr
0.77	VRAR	Glimpse Group	Pair Corr
0.81	VRSN	VeriSign	Pair Corr
0.79	EXOD	Exodus Movement,	Pair Corr
0.86	CETXP	Cemtrex Pref	Pair Corr
0.86	DBX	Dropbox	Pair Corr
0.66	DLO	Dlocal	Pair Corr
0.77	HCP	Hashicorp	Pair Corr
0.63	FTNT	Fortinet	Pair Corr
0.78	NET	Cloudflare	Pair Corr
0.66	LIDRW	AEye Inc	Pair Corr

Moving against Sangoma Stock

0.87	VRNS	Varonis Systems	Pair Corr
0.84	DOCN	DigitalOcean Holdings	Pair Corr
0.75	S	SentinelOne	Pair Corr
0.65	MQ	Marqeta	Pair Corr
0.59	VHAI	VHAI	Pair Corr
0.56	DOX	Amdocs	Pair Corr
0.5	DTSS	Datasea	Pair Corr
0.44	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.41	VERI	Veritone	Pair Corr
0.41	BOX	Box Inc	Pair Corr
0.37	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.89	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.84	ZPTAW	Zapata Computing Holdings	Pair Corr
0.7	TCX	Tucows Inc	Pair Corr
0.64	APCXW	AppTech Payments Corp	Pair Corr
0.64	ZETA	Zeta Global Holdings	Pair Corr
0.56	IOT	Samsara	Pair Corr
0.54	YEXT	Yext Inc	Pair Corr
0.53	OLB	OLB Group Tech Boost	Pair Corr
0.52	MDB	MongoDB	Pair Corr

Related Correlations Analysis

	LSAK	PRTH	CSGS	OSPN	LVOX	RPAY	GB	RKNEF	NTCT	CCSI
LSAK		-0.03	-0.08	0.03	0.01	0.16	0.02	0.21	-0.12	0.18	LSAK
PRTH	-0.03		0.51	0.84	-0.21	-0.19	0.71	-0.66	0.43	0.56	PRTH
CSGS	-0.08	0.51		0.65	-0.38	0.5	0.05	0.04	0.77	0.83	CSGS
OSPN	0.03	0.84	0.65		-0.21	0.01	0.66	-0.53	0.6	0.78	OSPN
LVOX	0.01	-0.21	-0.38	-0.21		-0.32	-0.05	0.17	-0.27	-0.45	LVOX
RPAY	0.16	-0.19	0.5	0.01	-0.32		-0.55	0.36	0.48	0.43	RPAY
GB	0.02	0.71	0.05	0.66	-0.05	-0.55		-0.7	0.09	0.27	GB
RKNEF	0.21	-0.66	0.04	-0.53	0.17	0.36	-0.7		-0.04	-0.09	RKNEF
NTCT	-0.12	0.43	0.77	0.6	-0.27	0.48	0.09	-0.04		0.73	NTCT
CCSI	0.18	0.56	0.83	0.78	-0.45	0.43	0.27	-0.09	0.73		CCSI
	LSAK	PRTH	CSGS	OSPN	LVOX	RPAY	GB	RKNEF	NTCT	CCSI

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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

OSPN	+ 0.84	PRTH
CCSI	+ 0.83	CSGS
CCSI	+ 0.78	OSPN
NTCT	+ 0.77	CSGS
CCSI	+ 0.73	NTCT
GB	+ 0.71	PRTH

High negative correlations

RKNEF	- 0.7	GB
RKNEF	- 0.66	PRTH
GB	- 0.55	RPAY
RKNEF	- 0.53	OSPN
CCSI	- 0.45	LVOX
LVOX	- 0.38	CSGS

Risk-Adjusted Indicators

There is a big difference between Sangoma Stock performing well and Sangoma Technologies 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 Sangoma Technologies' 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
LSAK	1.24	0.10	0.05	0.93	1.44	(1.47)	3.13	(2.65)	8.33
PRTH	4.90	0.72	0.13	2.03	4.83	(5.92)	14.65	(7.51)	33.72
CSGS	1.12	0.13	0.09	0.20	1.14	(1.26)	2.29	(1.64)	13.96
OSPN	1.82	0.28	0.12	0.46	2.06	(2.06)	3.80	(3.58)	21.05
LVOX	2.06	(0.02)	0.00	0.04	0.00	0.00	4.81	(4.26)	19.68
RPAY	1.73	(0.11)	0.00	(0.25)	0.00	0.00	4.33	(3.33)	15.69
GB	2.30	0.54	0.16	14.18	2.71	(2.51)	4.77	(4.49)	22.78
RKNEF	3.04	0.27	0.00	0.13	0.00	0.00	5.26	0.00	52.22
NTCT	1.33	0.04	0.02	0.08	1.56	(1.39)	2.66	(2.50)	11.69
CCSI	1.74	0.27	0.11	0.72	2.01	(1.86)	4.16	(3.62)	20.68

Sangoma Technologies Corporate Management

David Moore	Exec Devel	Profile
Jamie Minner	Chief Officer	Profile
Samantha Reburn	General Secretary	Profile
Nenad Corbic	Chief Officer	Profile
Jeremy Wubs	Chief Officer	Profile
PEng BASc	CEO Pres	Profile
Lawrence Stock	Chief Officer	Profile

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