BOS Better Correlations

BOSC Stock

USD 5.20 0.15 2.97%

The current 90-days correlation between BOS Better Online and Silicom is -0.13 (i.e., Good diversification). The correlation of BOS Better 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.

BOS Better Correlation With Market

Significant diversification

The correlation between BOS Better Online and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BOS Better Online and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BOS Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BOS Better Online. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with BOS Stock

0.89	LPL	LG Display Earnings Call This Week	Pair Corr
0.91	LITE	Lumentum Holdings	Pair Corr
0.67	RGTIW	Rigetti Computing Trending	Pair Corr
0.76	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.92	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.65	RGTI	Rigetti Computing Trending	Pair Corr
0.75	ADTN	ADTRAN Inc	Pair Corr
0.92	AVNW	Aviat Networks	Pair Corr
0.67	CRNT	Ceragon Networks	Pair Corr
0.91	CSCO	Cisco Systems	Pair Corr
0.84	VRRM	Verra Mobility Corp	Pair Corr
0.65	ENLV	Enlivex Therapeutics	Pair Corr
0.8	FRGE	Forge Global Holdings	Pair Corr
0.91	IBM	International Business Earnings Call This Week	Pair Corr
0.65	INTC	Intel Earnings Call This Week	Pair Corr
0.74	ITRN	Ituran Location	Pair Corr
0.73	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.83	ALLT	Allot Communications	Pair Corr
0.64	AMBA	Ambarella	Pair Corr
0.86	CAMT	Camtek	Pair Corr
0.69	LTRY	Lottery, Common Stock	Pair Corr
0.63	GITS	Global Interactive Symbol Change	Pair Corr
0.83	PFE	Pfizer Inc	Pair Corr
0.89	CAT	Caterpillar	Pair Corr
0.84	AXP	American Express	Pair Corr
0.86	DIS	Walt Disney	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr

Moving against BOS Stock

0.63	QMCO	Quantum	Pair Corr
0.81	MCD	McDonalds	Pair Corr
0.52	KO	Coca Cola Earnings Call This Week	Pair Corr
0.47	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.44	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	LTRX	KVHI	SILC	ITRN	ELTK	BNSOF	RDCM	MNDO	FORTY
LTRX		0.59	0.59	0.74	0.48	0.0	0.54	-0.57	0.92	LTRX
KVHI	0.59		0.58	0.7	0.64	0.0	0.69	-0.74	0.74	KVHI
SILC	0.59	0.58		0.73	0.81	0.0	0.68	-0.71	0.64	SILC
ITRN	0.74	0.7	0.73		0.73	0.0	0.84	-0.66	0.85	ITRN
ELTK	0.48	0.64	0.81	0.73		0.0	0.81	-0.89	0.65	ELTK
BNSOF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BNSOF
RDCM	0.54	0.69	0.68	0.84	0.81	0.0		-0.77	0.73	RDCM
MNDO	-0.57	-0.74	-0.71	-0.66	-0.89	0.0	-0.77		-0.72	MNDO
FORTY	0.92	0.74	0.64	0.85	0.65	0.0	0.73	-0.72		FORTY
	LTRX	KVHI	SILC	ITRN	ELTK	BNSOF	RDCM	MNDO	FORTY

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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

FORTY	+ 0.92	LTRX
FORTY	+ 0.85	ITRN
RDCM	+ 0.84	ITRN
ELTK	+ 0.81	SILC
RDCM	+ 0.81	ELTK
ITRN	+ 0.74	LTRX

High negative correlations

MNDO	- 0.89	ELTK
MNDO	- 0.77	RDCM
MNDO	- 0.74	KVHI
FORTY	- 0.72	MNDO
MNDO	- 0.71	SILC
MNDO	- 0.66	ITRN

Risk-Adjusted Indicators

There is a big difference between BOS Stock performing well and BOS Better 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 BOS Better'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
LTRX	2.75	0.65	0.24	1.02	2.10	(3.87)	6.36	(3.40)	17.15
KVHI	1.18	0.15	0.01	8.00	1.22	(1.55)	4.32	(2.21)	9.24
SILC	2.09	0.09	0.03	0.24	2.28	(2.17)	4.81	(4.18)	13.48
ITRN	1.20	0.14	0.07	0.29	1.39	(1.29)	2.87	(2.43)	10.06
ELTK	1.92	0.38	0.11	14.28	1.96	(2.37)	4.34	(2.93)	13.11
BNSOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RDCM	2.13	0.37	0.06	(0.51)	2.27	(2.29)	4.98	(3.57)	12.31
MNDO	1.48	(0.26)	0.00	(0.53)	0.00	0.00	2.84	(4.29)	8.97
FORTY	2.21	0.60	0.13	2.10	2.08	(3.39)	6.23	(4.76)	20.45

BOS Better Corporate Management

Roee Ivgy	Chief Robotics	Profile
Hagit Shamir	Treasury	Profile
Tal Sirton	Chief RFID	Profile
Moshe Zeltzer	Chief Officer	Profile
Danny Lavi	Vice Operation	Profile

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