Sonim Technologies Correlations

SONM Stock

USD 2.91 0.05 1.75%

The current 90-days correlation between Sonim Technologies and Farmmi Inc is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sonim Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sonim Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sonim Technologies Correlation With Market

Significant diversification

The correlation between Sonim Technologies 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 Sonim Technologies 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 Sonim Technologies. 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.

To learn how to invest in Sonim Stock, please use our How to Invest in Sonim Technologies guide.

Moving against Sonim Stock

0.42	NTGR	NETGEAR	Pair Corr
0.38	IONQ	IONQ Inc	Pair Corr
0.31	ZBRA	Zebra Technologies	Pair Corr
0.39	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	FAMI	BRQS	PBTS	METX	SONN
FAMI		0.12	0.25	0.37	0.52	FAMI
BRQS	0.12		0.77	0.28	0.67	BRQS
PBTS	0.25	0.77		0.23	0.73	PBTS
METX	0.37	0.28	0.23		0.6	METX
SONN	0.52	0.67	0.73	0.6		SONN
	FAMI	BRQS	PBTS	METX	SONN

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Risk-Adjusted Indicators

There is a big difference between Sonim Stock performing well and Sonim 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 Sonim 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
FAMI	5.29	(0.02)	(0.01)	0.02	6.53	(7.00)	11.54	(12.12)	43.91
BRQS	3.57	(0.03)	0.00	0.14	0.00	0.00	9.52	(5.56)	36.69
PBTS	71.04	33.52	1.68	(1.73)	15.82	(128.99)	25.00	(21.84)	2,409
METX	3.18	(0.21)	0.00	0.44	0.00	0.00	5.56	(8.70)	24.52
SONN	4.97	(1.66)	0.00	10.35	0.00	0.00	9.38	(14.50)	44.37

Sonim Technologies Corporate Management

Stephanie Sogawa	Legal Counsel	Profile
Simon Rayne	EMEA UK	Profile
Charles Becher	Chief America	Profile
Clayton Crolius	Chief Officer	Profile
Clay Crolius	Chief Officer	Profile
Katie Smith	Chief Staff	Profile

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