Silicom Correlations

SILC Stock

USD 15.41 0.27 1.72%

The current 90-days correlation between Silicom and Allot Communications is 0.14 (i.e., Average diversification). The correlation of Silicom 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.

Silicom Correlation With Market

Modest diversification

The correlation between Silicom and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silicom and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Silicom Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Silicom. 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.

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

Moving together with Silicom Stock

0.75	LPL	LG Display Earnings Call This Week	Pair Corr
0.76	LITE	Lumentum Holdings	Pair Corr
0.74	NTGR	NETGEAR	Pair Corr
0.61	RGTIW	Rigetti Computing Trending	Pair Corr
0.61	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.61	ADTN	ADTRAN Inc	Pair Corr
0.76	AVNW	Aviat Networks	Pair Corr
0.71	CRNT	Ceragon Networks	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.75	VRRM	Verra Mobility Corp	Pair Corr
0.64	ENLV	Enlivex Therapeutics	Pair Corr
0.73	FRGE	Forge Global Holdings	Pair Corr
0.71	IBM	International Business Earnings Call This Week	Pair Corr
0.68	INTC	Intel Earnings Call This Week	Pair Corr
0.73	ITRN	Ituran Location	Pair Corr
0.69	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.64	ALLT	Allot Communications	Pair Corr
0.74	AMBA	Ambarella	Pair Corr
0.63	CAMT	Camtek	Pair Corr
0.68	BFDE	Bedford Energy	Pair Corr
0.77	CAT	Caterpillar	Pair Corr
0.81	AXP	American Express	Pair Corr
0.78	DIS	Walt Disney	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr

Moving against Silicom Stock

0.64	KO	Coca Cola Earnings Call This Week	Pair Corr
0.56	PG	Procter Gamble	Pair Corr
0.5	07274NBG7	BAYNGR 5 15	Pair Corr
0.46	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	ITRN	SPNS	ALLT	RDCM	NVMI
ITRN		0.82	0.8	0.84	0.75	ITRN
SPNS	0.82		0.77	0.73	0.79	SPNS
ALLT	0.8	0.77		0.78	0.69	ALLT
RDCM	0.84	0.73	0.78		0.57	RDCM
NVMI	0.75	0.79	0.69	0.57		NVMI
	ITRN	SPNS	ALLT	RDCM	NVMI

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Risk-Adjusted Indicators

There is a big difference between Silicom Stock performing well and Silicom 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 Silicom'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
ITRN	1.20	0.14	0.07	0.29	1.39	(1.29)	2.87	(2.43)	10.06
SPNS	1.09	0.11	0.06	0.28	1.03	(1.24)	2.70	(2.12)	6.25
ALLT	3.55	0.28	0.10	0.24	4.12	(3.83)	7.97	(6.10)	40.78
RDCM	2.13	0.37	0.06	(0.51)	2.27	(2.29)	4.98	(3.57)	12.31
NVMI	2.35	0.47	0.22	0.46	1.98	(2.90)	6.60	(3.03)	15.15

Silicom Corporate Executives

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

	Eran CPA	CFO Secretary	Profile
	Eran Gilad	CFO and Company Secretary	Profile

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