Optical Cable Correlations

OCC Stock

USD 7.64 0.19 2.43%

The current 90-days correlation between Optical Cable and Mobilicom Limited American is -0.04 (i.e., Good diversification). The correlation of Optical Cable 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.

Optical Cable Correlation With Market

Significant diversification

The correlation between Optical Cable 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 Optical Cable and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Optical Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Optical Cable. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For information on how to trade Optical Stock refer to our How to Trade Optical Stock guide.

Moving together with Optical Stock

0.77	UI	Ubiquiti Networks Earnings Call Tomorrow	Pair Corr
0.67	000063	ZTE Corp	Pair Corr
0.69	TSAT	Telesat Corp	Pair Corr
0.61	ITI	ITI Limited Earnings Call This Week	Pair Corr
0.78	601869	Yangtze Optical Fibre	Pair Corr
0.61	002861	Hubei Yingtong Telec	Pair Corr
0.79	GILT	Gilat Satellite Networks Earnings Call This Week	Pair Corr

Moving against Optical Stock

0.85	000851	Gohigh Data Networks	Pair Corr
0.62	688618	3onedata	Pair Corr
0.45	002935	Chengdu Spaceon Elec	Pair Corr
0.78	300081	Hengxin Mobile Business	Pair Corr
0.6	300366	Sichuan Troy Information	Pair Corr
0.55	603712	TianJin 712 Communication	Pair Corr
0.54	FTC	Filtronic	Pair Corr
0.47	300762	Jushri Technologies Class	Pair Corr
0.39	STLTECH	Sterlite Technologies	Pair Corr
0.36	300134	Shenzhen Tatfook Tech	Pair Corr

Related Correlations Analysis

	MOB	ATHR	HOLO	CPSH	NUKK	GAME	UPLD	BRAG	ZENV	MCRP
MOB		-0.86	0.4	0.67	0.66	-0.58	0.19	-0.45	-0.68	-0.44	MOB
ATHR	-0.86		-0.3	-0.53	-0.43	0.65	-0.26	0.56	0.62	0.62	ATHR
HOLO	0.4	-0.3		-0.03	0.05	0.2	0.26	0.19	-0.33	-0.37	HOLO
CPSH	0.67	-0.53	-0.03		0.68	-0.56	0.07	-0.44	-0.4	0.02	CPSH
NUKK	0.66	-0.43	0.05	0.68		-0.36	-0.07	-0.17	-0.47	0.04	NUKK
GAME	-0.58	0.65	0.2	-0.56	-0.36		-0.14	0.81	0.57	0.38	GAME
UPLD	0.19	-0.26	0.26	0.07	-0.07	-0.14		-0.37	-0.05	-0.39	UPLD
BRAG	-0.45	0.56	0.19	-0.44	-0.17	0.81	-0.37		0.36	0.32	BRAG
ZENV	-0.68	0.62	-0.33	-0.4	-0.47	0.57	-0.05	0.36		0.36	ZENV
MCRP	-0.44	0.62	-0.37	0.02	0.04	0.38	-0.39	0.32	0.36		MCRP
	MOB	ATHR	HOLO	CPSH	NUKK	GAME	UPLD	BRAG	ZENV	MCRP

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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

BRAG	+ 0.81	GAME
NUKK	+ 0.68	CPSH
CPSH	+ 0.67	MOB
NUKK	+ 0.66	MOB
GAME	+ 0.65	ATHR
ZENV	+ 0.62	ATHR

High negative correlations

ATHR	- 0.86	MOB
ZENV	- 0.68	MOB
GAME	- 0.58	MOB
GAME	- 0.56	CPSH
CPSH	- 0.53	ATHR
ZENV	- 0.47	NUKK

Risk-Adjusted Indicators

There is a big difference between Optical Stock performing well and Optical Cable 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 Optical Cable'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
MOB	5.53	0.87	0.16	0.41	5.63	(5.87)	10.99	(9.52)	27.37
ATHR	3.80	(0.60)	0.00	(1.19)	0.00	0.00	6.05	(6.84)	24.06
HOLO	3.95	(0.51)	0.00	(0.01)	0.00	0.00	7.00	(7.72)	27.54
CPSH	4.53	0.63	0.06	(0.23)	5.03	(5.28)	12.43	(7.89)	28.99
NUKK	8.22	0.66	0.08	0.34	8.99	(8.86)	17.65	(14.78)	50.68
GAME	3.78	(0.83)	0.00	(0.14)	0.00	0.00	11.69	(8.20)	27.28
UPLD	3.44	(0.13)	(0.01)	0.03	3.79	(4.27)	10.08	(6.10)	32.42
BRAG	2.28	(1.01)	0.00	(2.03)	0.00	0.00	4.87	(4.49)	21.10
ZENV	2.98	0.13	0.00	0.02	0.00	0.00	6.84	(5.95)	40.44
MCRP	7.62	(0.30)	0.01	0.04	8.21	(8.89)	18.09	(12.27)	43.83

Optical Cable Corporate Executives

Elected by the shareholders, the Optical Cable's board of directors comprises two types of representatives: Optical Cable inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Optical. The board's role is to monitor Optical Cable's management team and ensure that shareholders' interests are well served. Optical Cable'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, Optical Cable's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Tracy CPA	CFO VP	Profile
	Tracy Smith	CFO, Sr. VP and Corporate Secretary	Profile

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