EchoStar Correlations

SATS Stock

USD 28.61 0.32 1.11%

The current 90-days correlation between EchoStar and Comtech Telecommunications Corp is 0.05 (i.e., Significant diversification). The correlation of EchoStar 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.

EchoStar Correlation With Market

Average diversification

The correlation between EchoStar and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EchoStar and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with EchoStar Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in EchoStar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy EchoStar Stock please use our How to Invest in EchoStar guide.

Moving together with EchoStar Stock

0.84	GILT	Gilat Satellite Networks	Pair Corr
0.72	ADTN	ADTRAN Inc	Pair Corr
0.85	ENLV	Enlivex Therapeutics	Pair Corr
0.73	INTC	Intel Earnings Call This Week	Pair Corr
0.72	CAMT	Camtek	Pair Corr

Moving against EchoStar Stock

0.66	QMCO	Quantum	Pair Corr
0.36	NRDY	Nerdy Inc	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.55	MCD	McDonalds	Pair Corr
0.46	TRV	The Travelers Companies	Pair Corr
0.45	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.37	KO	Coca Cola Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	CMTL	NTGR	KVHI	SILC	KN	VSAT	SCSC	SHEN
CMTL		0.66	0.8	0.6	0.84	0.78	0.83	0.66	CMTL
NTGR	0.66		0.57	0.74	0.77	0.39	0.88	0.06	NTGR
KVHI	0.8	0.57		0.58	0.72	0.64	0.77	0.47	KVHI
SILC	0.6	0.74	0.58		0.82	0.64	0.78	0.25	SILC
KN	0.84	0.77	0.72	0.82		0.82	0.89	0.54	KN
VSAT	0.78	0.39	0.64	0.64	0.82		0.64	0.75	VSAT
SCSC	0.83	0.88	0.77	0.78	0.89	0.64		0.4	SCSC
SHEN	0.66	0.06	0.47	0.25	0.54	0.75	0.4		SHEN
	CMTL	NTGR	KVHI	SILC	KN	VSAT	SCSC	SHEN

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Risk-Adjusted Indicators

There is a big difference between EchoStar Stock performing well and EchoStar 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 EchoStar'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
CMTL	4.31	0.79	0.16	0.58	4.94	(4.96)	11.73	(6.73)	30.00
NTGR	2.02	0.21	0.11	0.32	1.74	(2.64)	5.16	(2.66)	22.43
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
KN	1.37	0.15	0.11	0.26	1.28	(1.55)	2.92	(2.13)	8.94
VSAT	2.74	0.96	0.28	2.18	2.44	(3.56)	7.79	(4.33)	18.36
SCSC	1.30	0.31	0.21	0.53	0.92	(1.53)	3.75	(1.64)	9.57
SHEN	1.99	0.14	0.03	0.32	3.36	(2.13)	3.36	(5.07)	16.23

EchoStar Corporate Management

Jennifer Manner	Senior Affairs	Profile
Paul Orban	Principal Officer	Profile
Paul Gaske	Chief Officer	Profile
Dean JD	Chief Secretary	Profile
Deepak Dutt	Vice Relations	Profile
Adrian Morris	Chief Officer	Profile

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