EchoStar Correlations

SATS Stock

USD 114.49 1.49 1.32%

The current 90-days correlation between EchoStar and Ast Spacemobile is 0.37 (i.e., Weak diversification). The correlation of EchoStar 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.

EchoStar Correlation With Market

Very poor diversification

The correlation between EchoStar and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EchoStar and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with EchoStar Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in EchoStar. 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 information on how to buy EchoStar Stock please use our How to Invest in EchoStar guide.

Moving together with EchoStar Stock

0.74	3YL	SMARTOPTICS GRP AS Earnings Call Tomorrow	Pair Corr
0.72	VSAT	ViaSat Inc Downward Rally	Pair Corr
0.73	CEK	CeoTronics AG	Pair Corr
0.66	ENA	Enablence Technologies	Pair Corr
0.89	FFIV	F5 Networks	Pair Corr
0.68	FIEE	FiEE Inc Symbol Change	Pair Corr
0.81	1RN	NuRAN Wireless Split	Pair Corr
0.73	PEB	Pebble Beach Systems	Pair Corr
0.87	EKI	Ekinops SA	Pair Corr
0.71	GILT	Gilat Satellite Networks	Pair Corr
0.87	FTC	Filtronic	Pair Corr

Moving against EchoStar Stock

0.8	FKWL	Franklin Wireless Corp Earnings Call Today	Pair Corr
0.77	ALNTG	Netgem SA	Pair Corr
0.71	EXTR	Extreme Networks	Pair Corr
0.65	OCC	Optical Cable	Pair Corr
0.52	TLIK	TELES Informationstech	Pair Corr
0.47	PARRO	Parrot	Pair Corr
0.75	SEN	Senetas Split	Pair Corr
0.66	OCC	Optical Cable	Pair Corr
0.63	BVC	Batm Advanced Commun	Pair Corr
0.51	BYL	Baylin Technologies	Pair Corr
0.4	IDCC	InterDigital	Pair Corr
0.37	GNSS	Genasys	Pair Corr
0.31	5BT	BAYLIN TECHNOLOGIES	Pair Corr

Related Correlations Analysis

	ASTS	CHKP	STM	CDW	SSNC	COHR	FIG	TDY	ON	VRSN
ASTS		-0.45	0.73	-0.7	-0.21	0.8	-0.62	0.79	0.76	-0.18	ASTS
CHKP	-0.45		-0.62	0.66	0.67	-0.59	0.86	-0.73	-0.66	0.51	CHKP
STM	0.73	-0.62		-0.54	-0.52	0.88	-0.71	0.87	0.98	-0.71	STM
CDW	-0.7	0.66	-0.54		0.27	-0.47	0.57	-0.62	-0.59	0.11	CDW
SSNC	-0.21	0.67	-0.52	0.27		-0.42	0.79	-0.7	-0.48	0.7	SSNC
COHR	0.8	-0.59	0.88	-0.47	-0.42		-0.71	0.84	0.89	-0.58	COHR
FIG	-0.62	0.86	-0.71	0.57	0.79	-0.71		-0.9	-0.73	0.55	FIG
TDY	0.79	-0.73	0.87	-0.62	-0.7	0.84	-0.9		0.87	-0.58	TDY
ON	0.76	-0.66	0.98	-0.59	-0.48	0.89	-0.73	0.87		-0.63	ON
VRSN	-0.18	0.51	-0.71	0.11	0.7	-0.58	0.55	-0.58	-0.63		VRSN
	ASTS	CHKP	STM	CDW	SSNC	COHR	FIG	TDY	ON	VRSN

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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

ON	+ 0.98	STM
ON	+ 0.89	COHR
COHR	+ 0.88	STM
TDY	+ 0.87	STM
ON	+ 0.87	TDY
FIG	+ 0.86	CHKP

High negative correlations

TDY	- 0.9	FIG
ON	- 0.73	FIG
TDY	- 0.73	CHKP
FIG	- 0.71	COHR
VRSN	- 0.71	STM
FIG	- 0.71	STM

Risk-Adjusted Indicators

There is a big difference between EchoStar Stock performing well and EchoStar 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 EchoStar'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
ASTS	6.19	0.42	0.07	0.15	7.20	(6.08)	14.34	(11.59)	33.41
CHKP	1.47	(0.36)	0.00	(0.29)	0.00	0.00	2.25	(3.41)	9.44
STM	2.08	0.47	0.20	0.30	1.76	(2.21)	5.51	(3.25)	12.93
CDW	1.40	(0.24)	0.00	(0.13)	0.00	0.00	2.31	(3.57)	15.48
SSNC	1.16	(0.29)	0.00	(0.28)	0.00	0.00	1.74	(2.40)	13.44
COHR	3.19	0.50	0.12	0.30	3.84	(3.39)	6.66	(7.93)	18.97
FIG	2.90	(0.99)	0.00	(0.59)	0.00	0.00	5.24	(7.80)	17.61
TDY	1.29	0.31	0.23	0.30	1.04	(1.49)	3.04	(2.03)	12.10
ON	2.18	0.56	0.27	0.39	1.84	(2.64)	5.11	(3.71)	16.50
VRSN	1.03	(0.20)	0.00	2.86	0.00	0.00	1.87	(2.96)	10.51

EchoStar Corporate Management

Jennifer Manner	Senior Affairs	Profile
Paul Orban	Principal Officer	Profile
Paul Gaske	Chief Officer	Profile
Dean JD	Chief Secretary	Profile
Deepak Dutt	Vice Relations	Profile
Adrian Morris	Chief Officer	Profile

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