Sangoma Technologies Correlations
| STC Stock | 8.60 0.10 1.18% |
The current 90-days correlation between Sangoma Technologies Corp and Sylogist is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sangoma Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sangoma Technologies Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Sangoma Technologies Correlation With Market
Good diversification
The correlation between Sangoma Technologies Corp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sangoma Technologies Corp and DJI in the same portfolio, assuming nothing else is changed.
Sangoma |
The ability to find closely correlated positions to Sangoma Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sangoma Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sangoma Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sangoma Technologies Corp to buy it.
Moving together with Sangoma Stock
| 0.71 | CDR | Condor Energies | PairCorr |
| 0.73 | IMP | Intermap Technologies | PairCorr |
| 0.61 | ETG | Entree Resources | PairCorr |
| 0.76 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.76 | NVDA | NVIDIA CDR | PairCorr |
Moving against Sangoma Stock
Related Correlations Analysis
| 0.28 | -0.5 | -0.44 | 0.39 | SYZ | ||
| 0.28 | -0.74 | -0.67 | 0.7 | CTS | ||
| -0.5 | -0.74 | 0.89 | -0.82 | PRL | ||
| -0.44 | -0.67 | 0.89 | -0.76 | VHI | ||
| 0.39 | 0.7 | -0.82 | -0.76 | TOI | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sangoma Stock performing well and Sangoma 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 Sangoma 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SYZ | 1.09 | (0.19) | 0.00 | (2.65) | 0.00 | 3.00 | 9.06 | |||
| CTS | 2.59 | (0.39) | 0.00 | (0.47) | 0.00 | 5.69 | 30.37 | |||
| PRL | 2.48 | 0.66 | 0.16 | (2.48) | 2.73 | 7.07 | 16.69 | |||
| VHI | 1.88 | 0.25 | 0.09 | 0.87 | 1.89 | 4.81 | 12.44 | |||
| TOI | 1.00 | (0.12) | 0.00 | (0.32) | 0.00 | 2.03 | 7.08 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sangoma Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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Sangoma Technologies Corporate Management
Elected by the shareholders, the Sangoma Technologies' board of directors comprises two types of representatives: Sangoma Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sangoma. The board's role is to monitor Sangoma Technologies' management team and ensure that shareholders' interests are well served. Sangoma Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sangoma Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Moore | Exec Devel | Profile | |
| Jamie Minner | Chief Officer | Profile | |
| Samantha Reburn | General Secretary | Profile | |
| Nenad Corbic | Chief Officer | Profile | |
| Jeremy Wubs | Chief Officer | Profile | |
| PEng BASc | CEO Pres | Profile | |
| Lawrence Stock | Chief Officer | Profile |