Silicom Correlations

Stocks . USA . 
Stock . Silicom
SILC Stock  USD 19.29  0.02  0.10%   
The current 90-days correlation between Silicom and Comtech Telecommunications Corp is -0.04 (i.e., Good 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

Poor diversification

The correlation between Silicom and DJI is 0.64 (i.e., Poor 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.
  
Build AI portfolio with Silicom Stock
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 board of governors.
For information on how to trade Silicom Stock refer to our How to Trade Silicom Stock guide.

Moving together with Silicom Stock

  0.7UI Ubiquiti NetworksPairCorr
  0.94VIAV Viavi Solutions Tech BoostPairCorr
  0.623YL SMARTOPTICS GRP ASPairCorr
  0.74VSAT ViaSat IncPairCorr
  0.9ERIC TelefonaktiebolagetPairCorr
  0.64ENA Enablence Technologies Earnings Call This WeekPairCorr
  0.62FFIV F5 NetworksPairCorr
  0.84MTLA Motorola SolutionsPairCorr
  0.81FIEE FiEE Inc Symbol ChangePairCorr
  0.621RN NuRAN Wireless SplitPairCorr
  0.77CFC UET United ElectronicPairCorr
  0.93S1L SILICOM LTD ISPairCorr
  0.9ERCG TelefonaktiebolagetPairCorr
  0.79NOA3 NokiaPairCorr
  0.89ERCA TelefonaktiebolagetPairCorr
  0.91ERCB TelefonaktiebolagetPairCorr
  0.85MSI Motorola SolutionsPairCorr
  0.76NOK Nokia Corp ADRPairCorr
  0.73NOAA NokiaPairCorr
  0.88ALLEC Cogelec SAPairCorr

Moving against Silicom Stock

  0.8EXTR Extreme NetworksPairCorr
  0.77PARRO ParrotPairCorr
  0.76ERFB Erf WirelessPairCorr
  0.74ALNTG Netgem SAPairCorr
  0.71GW3 GAPWAVES AB CLASSPairCorr
  0.67FKWL Franklin Wireless CorpPairCorr
  0.31OCC Optical CablePairCorr
  0.81GNSS GenasysPairCorr
  0.753LO POWERFLEET INC DLPairCorr
  0.74BVC Batm Advanced CommunPairCorr
  0.66SEN Senetas SplitPairCorr
  0.39BYL Baylin TechnologiesPairCorr
  0.375BT BAYLIN TECHNOLOGIESPairCorr
  0.34TLIK TELES InformationstechPairCorr

Related Correlations Analysis


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

VELO
+ 0.77
KVHI
VELO
+ 0.72
CMTL
MIND
+ 0.68
AMPG
LINK
+ 0.67
PSQH
LINK
+ 0.61
NA
PSQH
+ 0.56
INVE
  

High negative correlations

PSQH
- 0.74
CMTL
PSQH
- 0.55
ATOM
ATOM
- 0.55
INVE
LINK
- 0.46
ATOM
AMPG
- 0.46
ATOM
MIND
- 0.38
ATOM

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CMTL  3.84  0.88  0.19  0.83  4.11 
(4.57)
 10.68 
(7.86)
 27.66 
NA  3.41 (0.80) 0.00 (0.49) 0.00 
 0.00 
 6.41 
(6.46)
 30.08 
INVE  2.13  0.00 (0.04) 0.10  2.65 
(2.27)
 4.55 
(4.60)
 15.58 
ATOM  7.05  2.14  0.36 (7.85) 4.74 
(10.24)
 16.55 
(9.13)
 78.45 
AMPG  3.97 (0.21)(0.01) 0.03  4.58 
(4.20)
 9.86 
(6.67)
 31.09 
MIND  3.92 (0.07)(0.02) 0.00  6.25 
(3.70)
 7.92 
(9.00)
 31.38 
PSQH  3.79 (1.18) 0.00 (0.28) 0.00 
 0.00 
 7.14 
(8.49)
 28.48 
KVHI  2.01  0.01 (0.03) 0.17  2.13 
(2.42)
 4.53 
(3.47)
 15.03 
VELO  10.71  1.63  0.22  0.41  8.86 
(13.47)
 23.12 
(15.67)
 74.84 
LINK  4.02 (0.44) 0.00 (0.13) 0.00 
 0.00 
 10.25 
(8.24)
 21.49 

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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