Silicom Correlations

Stocks . USA . 
Stock . Silicom
SILC Stock  USD 16.82  0.52  3.19%   
The current 90-days correlation between Silicom and Allot Communications is 0.2 (i.e., Modest diversification). The correlation of Silicom 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.

Silicom Correlation With Market

Good diversification

The correlation between Silicom and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silicom 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 Silicom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade Silicom Stock refer to our How to Trade Silicom Stock guide.

Moving together with Silicom Stock

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  0.77NOTE FiscalNote Holdings Tech BoostPairCorr
  0.91SSNLF Samsung ElectronicsPairCorr
  0.75BA BoeingPairCorr

Moving against Silicom Stock

  0.88DM Desktop MetalPairCorr
  0.77DSWL Deswell IndustriesPairCorr
  0.74HPQ HP IncPairCorr
  0.68PPERF Bank Mandiri PerseroPairCorr
  0.67PPERY Bank Mandiri PerseroPairCorr
  0.64PTAIY Astra International TbkPairCorr
  0.6INTC Intel Aggressive PushPairCorr
  0.58TLKMF Telkom Indonesia TbkPairCorr
  0.47BKRKF PT Bank RakyatPairCorr
  0.39MSTR MicroStrategy Incorporated Aggressive PushPairCorr
  0.38TLK Telkom Indonesia TbkPairCorr
  0.32PTAIF PT Astra InternationalPairCorr
  0.82AA Alcoa CorpPairCorr
  0.8PBCRY Bank Central AsiaPairCorr
  0.71VZ Verizon Communications Sell-off TrendPairCorr
  0.68XOM Exxon Mobil CorpPairCorr
  0.66PBCRF PT Bank CentralPairCorr
  0.48CAT Caterpillar Sell-off TrendPairCorr
  0.37HD Home DepotPairCorr
  0.36MRK Merck CompanyPairCorr
  0.31CVX Chevron CorpPairCorr

Related Correlations Analysis

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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   
ALLT
+ 0.91
ITRN
NVMI
+ 0.9
ALLT
NVMI
+ 0.89
ITRN
RDCM
+ 0.85
ITRN
RDCM
+ 0.84
ALLT
NVMI
+ 0.82
RDCM
  
High negative correlations   
ALLT
- 0.49
SPNS
RDCM
- 0.47
SPNS
SPNS
- 0.46
ITRN
NVMI
- 0.37
SPNS

Risk-Adjusted Indicators

There is a big difference between Silicom Stock performing well and Silicom 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 Silicom'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.

Silicom Corporate Executives

Elected by the shareholders, the Silicom's board of directors comprises two types of representatives: Silicom inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Silicom. The board's role is to monitor Silicom's management team and ensure that shareholders' interests are well served. Silicom's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Silicom's outside directors are responsible for providing unbiased perspectives on the board's policies.
Eran CPACFO SecretaryProfile
Eran GiladCFO and Company SecretaryProfile
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