Radware Correlations

RDWR Stock

USD 28.29 1.02 3.48%

The current 90-days correlation between Radware and CSG Systems International is -0.25 (i.e., Very good diversification). The correlation of Radware 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.

Radware Correlation With Market

Very weak diversification

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

Build AI portfolio with Radware Stock

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

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

Moving together with Radware Stock

0.64	ELTK	Eltek	Pair Corr
0.81	CTS	CTS Corporation	Pair Corr
0.87	GLW	Corning Incorporated	Pair Corr
0.97	JBL	Jabil Circuit	Pair Corr
0.89	LPL	LG Display	Pair Corr
0.88	VSH	Vishay Intertechnology Sell-off Trend	Pair Corr
0.84	LASR	nLIGHT Inc	Pair Corr
0.8	PLXS	Plexus Corp	Pair Corr
0.74	OPTXW	Syntec Optics Holdings	Pair Corr
0.91	CODA	Coda Octopus Group	Pair Corr
0.79	UMAC	Unusual Machines, Upward Rally	Pair Corr
0.91	MU	Micron Technology Aggressive Push	Pair Corr
0.8	MX	MagnaChip Semiconductor	Pair Corr
0.91	ON	ON Semiconductor	Pair Corr
0.66	ENTG	Entegris	Pair Corr
0.87	ADI	Analog Devices Sell-off Trend	Pair Corr
0.92	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.91	ARM	Arm Holdings plc	Pair Corr
0.87	ARW	Arrow Electronics	Pair Corr
0.83	ASX	ASE Industrial Holding	Pair Corr
0.85	FORM	FormFactor	Pair Corr
0.76	GFS	Globalfoundries	Pair Corr
0.91	IBM	International Business	Pair Corr
0.92	STM	STMicroelectronics NV ADR	Pair Corr
0.91	TER	Teradyne	Pair Corr
0.82	UMC	United Microelectronics	Pair Corr

Moving against Radware Stock

0.81	IMTE	Integrated Media Tec	Pair Corr
0.78	FKWL	Franklin Wireless Corp	Pair Corr
0.36	BAH	Booz Allen Hamilton	Pair Corr
0.46	NUKK	Nukkleus	Pair Corr

Related Correlations Analysis

	CSGS	GB	EVTC	VRNT	AUDC	RDCM	ALLT	SPNS	NVMI
CSGS		0.53	0.88	0.64	0.36	0.9	0.86	0.74	0.59	CSGS
GB	0.53		0.49	0.34	0.39	0.5	0.42	0.51	0.38	GB
EVTC	0.88	0.49		0.56	0.28	0.9	0.81	0.76	0.51	EVTC
VRNT	0.64	0.34	0.56		0.49	0.68	0.64	0.79	0.76	VRNT
AUDC	0.36	0.39	0.28	0.49		0.45	0.56	0.59	0.71	AUDC
RDCM	0.9	0.5	0.9	0.68	0.45		0.84	0.84	0.66	RDCM
ALLT	0.86	0.42	0.81	0.64	0.56	0.84		0.81	0.72	ALLT
SPNS	0.74	0.51	0.76	0.79	0.59	0.84	0.81		0.76	SPNS
NVMI	0.59	0.38	0.51	0.76	0.71	0.66	0.72	0.76		NVMI
	CSGS	GB	EVTC	VRNT	AUDC	RDCM	ALLT	SPNS	NVMI

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Risk-Adjusted Indicators

There is a big difference between Radware Stock performing well and Radware 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 Radware'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
CSGS	1.23	0.25	(0.06)	(0.29)	1.42	(1.37)	2.47	(2.86)	10.99
GB	0.29	(0.03)	0.00	(0.75)	0.00	0.00	0.41	(0.68)	3.25
EVTC	1.29	(0.19)	(0.09)	0.06	1.70	(1.26)	2.46	(2.78)	12.79
VRNT	2.69	0.62	0.09	(1.26)	2.60	(2.89)	6.59	(4.88)	16.77
AUDC	1.71	(0.04)	0.00	0.19	2.30	(2.04)	3.64	(2.25)	21.86
RDCM	2.22	0.14	0.04	0.38	2.30	(2.42)	5.42	(3.93)	12.44
ALLT	3.71	1.31	0.21	(2.26)	3.71	(4.27)	8.99	(5.09)	40.78
SPNS	1.30	0.05	0.04	0.29	1.13	(1.50)	3.11	(2.25)	12.16
NVMI	2.76	0.51	0.25	0.53	2.19	(3.52)	8.19	(3.03)	22.17

Radware Corporate Management

Alexander Krakhofer	Head DACH	Profile
Guy CPA	Chief Officer	Profile
Guy Avidan	Chief Officer	Profile
Riki Goldreich	Chief Officer	Profile

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