Gilat Satellite Correlations

GILT Stock

USD 7.89 0.03 0.38%

The current 90-days correlation between Gilat Satellite Networks and Kimball Electronics is -0.02 (i.e., Good diversification). The correlation of Gilat Satellite 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Gilat Satellite Correlation With Market

Very weak diversification

The correlation between Gilat Satellite Networks and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gilat Satellite Networks and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gilat Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gilat Satellite Networks. 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.

Moving together with Gilat Stock

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0.78	ADTN	ADTRAN Inc	Pair Corr
0.86	ENLV	Enlivex Therapeutics	Pair Corr
0.63	FRGE	Forge Global Holdings	Pair Corr
0.84	INTC	Intel Earnings Call This Week	Pair Corr
0.84	CAMT	Camtek	Pair Corr
0.61	PFE	Pfizer Inc	Pair Corr
0.69	CAT	Caterpillar	Pair Corr

Moving against Gilat Stock

0.74	QMCO	Quantum	Pair Corr
0.79	PG	Procter Gamble	Pair Corr
0.58	MCD	McDonalds	Pair Corr
0.53	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.46	KO	Coca Cola Earnings Call This Week	Pair Corr
0.45	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	FN	KE	KN	UI	DSWL	AMPGW	VRME	VSAT	EBON
FN		0.84	0.88	0.7	0.84	0.44	0.41	0.93	0.37	FN
KE	0.84		0.91	0.88	0.66	0.55	0.57	0.73	0.37	KE
KN	0.88	0.91		0.82	0.72	0.44	0.62	0.8	0.4	KN
UI	0.7	0.88	0.82		0.58	0.5	0.51	0.56	0.5	UI
DSWL	0.84	0.66	0.72	0.58		0.43	0.14	0.89	0.51	DSWL
AMPGW	0.44	0.55	0.44	0.5	0.43		0.11	0.35	0.27	AMPGW
VRME	0.41	0.57	0.62	0.51	0.14	0.11		0.22	0.13	VRME
VSAT	0.93	0.73	0.8	0.56	0.89	0.35	0.22		0.35	VSAT
EBON	0.37	0.37	0.4	0.5	0.51	0.27	0.13	0.35		EBON
	FN	KE	KN	UI	DSWL	AMPGW	VRME	VSAT	EBON

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Risk-Adjusted Indicators

There is a big difference between Gilat Stock performing well and Gilat Satellite 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 Gilat Satellite'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
FN	2.02	0.56	0.27	0.48	1.88	(2.47)	5.54	(2.71)	13.79
KE	1.75	0.56	0.29	3.02	1.11	(2.21)	3.48	(2.58)	28.41
KN	1.37	0.15	0.11	0.26	1.28	(1.55)	2.92	(2.13)	8.94
UI	2.16	0.46	0.19	0.46	2.08	(2.42)	5.00	(3.41)	24.70
DSWL	1.65	0.41	0.16	1.29	1.42	(2.27)	3.93	(2.52)	10.75
AMPGW	8.55	0.79	0.08	0.47	9.82	(11.96)	23.68	(13.64)	67.35
VRME	2.56	0.10	0.02	0.25	3.17	(3.61)	6.49	(5.97)	30.60
VSAT	2.74	1.02	0.28	61.11	2.44	(3.47)	7.79	(4.33)	18.36
EBON	3.34	0.49	0.16	0.47	2.82	(4.19)	8.22	(5.21)	43.59

Gilat Satellite Corporate Management

Michal Aharonov	VP Officer	Profile
Yael Shofar	Gen Sec	Profile
Dubi Lever	Chief Officer	Profile
Arieh Rohrstock	Corporate Peru	Profile
Doreet Oren	Senior Communications	Profile
Doron Kerbel	General Secretary	Profile

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