Silicom Correlations

SILC Stock

USD 17.56 0.50 2.93%

The current 90-days correlation between Silicom and Allot Communications is 0.12 (i.e., Average 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

Average diversification

The correlation between Silicom and DJI is 0.11 (i.e., Average 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

0.9	GB	Global Blue Group	Pair Corr
0.64	WK	Workiva	Pair Corr
0.72	ENFN	Enfusion	Pair Corr
0.65	ASX	ASE Industrial Holding	Pair Corr
0.76	NET	Cloudflare Earnings Call This Week	Pair Corr
0.79	HIMX	Himax Technologies Earnings Call Tomorrow	Pair Corr
0.84	IBEX	IBEX Earnings Call This Week	Pair Corr
0.77	NYAX	Nayax Tech Boost	Pair Corr
0.74	OKTA	Okta Inc	Pair Corr

Moving against Silicom Stock

0.85	ON	ON Semiconductor Earnings Call Today	Pair Corr
0.81	VRNS	Varonis Systems Earnings Call Today	Pair Corr
0.8	UMC	United Microelectronics Aggressive Push	Pair Corr
0.74	S	SentinelOne	Pair Corr
0.72	WOLF	Wolfspeed	Pair Corr
0.6	MDB	MongoDB	Pair Corr
0.57	LPL	LG Display	Pair Corr
0.54	RDWR	Radware Earnings Call This Week	Pair Corr
0.32	ZS	Zscaler Sell-off Trend	Pair Corr
0.81	ADBE	Adobe Systems	Pair Corr
0.79	MLNK	Meridianlink	Pair Corr
0.75	MCHP	Microchip Technology	Pair Corr
0.72	NXPI	NXP Semiconductors Earnings Call Today	Pair Corr
0.63	ALKT	Alkami Technology	Pair Corr
0.61	INTC	Intel	Pair Corr
0.5	PANW	Palo Alto Networks	Pair Corr
0.46	IMOS	ChipMOS Technologies	Pair Corr

Related Correlations Analysis

	ITRN	SPNS	ALLT	RDCM	NVMI
ITRN		-0.68	0.93	0.88	0.79	ITRN
SPNS	-0.68		-0.62	-0.77	-0.35	SPNS
ALLT	0.93	-0.62		0.85	0.87	ALLT
RDCM	0.88	-0.77	0.85		0.7	RDCM
NVMI	0.79	-0.35	0.87	0.7		NVMI
	ITRN	SPNS	ALLT	RDCM	NVMI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	+ 0.93	ITRN
RDCM	+ 0.88	ITRN
NVMI	+ 0.87	ALLT
RDCM	+ 0.85	ALLT
NVMI	+ 0.79	ITRN
NVMI	+ 0.7	RDCM

High negative correlations

RDCM	- 0.77	SPNS
SPNS	- 0.68	ITRN
ALLT	- 0.62	SPNS
NVMI	- 0.35	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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ITRN	1.17	0.30	0.21	1.27	0.93	(1.45)	3.95	(1.98)	7.35
SPNS	1.53	(0.43)	0.00	(0.54)	0.00	0.00	2.25	(2.90)	31.27
ALLT	3.65	1.43	0.40	13.93	2.72	(4.80)	9.48	(4.33)	26.61
RDCM	2.61	0.47	0.11	(0.53)	2.93	(3.19)	5.55	(5.52)	21.11
NVMI	2.41	0.50	0.12	(1.75)	2.99	(2.79)	5.54	(6.09)	19.74

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 CPA	CFO Secretary	Profile
	Eran Gilad	CFO and Company Secretary	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC