Supercom Correlations

SPCB Stock

USD 9.70 0.27 2.71%

The current 90-days correlation between Supercom and SSC Security Services is 0.09 (i.e., Significant diversification). The correlation of Supercom 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.

Supercom Correlation With Market

Good diversification

The correlation between Supercom and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Supercom and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Supercom Stock

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

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

Moving together with Supercom Stock

0.78	LPL	LG Display Earnings Call This Week	Pair Corr
0.72	VSH	Vishay Intertechnology	Pair Corr
0.91	LASR	nLIGHT Inc	Pair Corr
0.81	LITE	Lumentum Holdings	Pair Corr
0.62	RGTIW	Rigetti Computing Trending	Pair Corr
0.86	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.85	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.68	RDWR	Radware	Pair Corr
0.61	AAOI	Applied Opt	Pair Corr
0.83	AVNW	Aviat Networks	Pair Corr
0.63	CRNT	Ceragon Networks	Pair Corr
0.83	CSCO	Cisco Systems	Pair Corr
0.87	MU	Micron Technology	Pair Corr
0.8	MX	MagnaChip Semiconductor	Pair Corr
0.81	ON	ON Semiconductor	Pair Corr
0.79	VRRM	Verra Mobility Corp	Pair Corr
0.77	ADI	Analog Devices	Pair Corr
0.74	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.77	ARM	Arm Holdings plc	Pair Corr
0.66	FRGE	Forge Global Holdings	Pair Corr

Moving against Supercom Stock

0.71	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.38	QMCO	Quantum	Pair Corr
0.32	KODK	Eastman Kodak	Pair Corr
0.85	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	BKYI	LGMK	SECUF	ICTSF	SNT	CETX	ASTC	SNES	SGBX
BKYI		-0.69	0.06	-0.15	0.53	0.07	-0.02	0.43	0.43	BKYI
LGMK	-0.69		-0.03	-0.14	-0.73	0.1	0.41	-0.64	-0.63	LGMK
SECUF	0.06	-0.03		-0.15	-0.03	0.23	-0.05	0.04	-0.14	SECUF
ICTSF	-0.15	-0.14	-0.15		0.43	-0.18	-0.18	0.4	-0.01	ICTSF
SNT	0.53	-0.73	-0.03	0.43		-0.31	-0.45	0.92	0.44	SNT
CETX	0.07	0.1	0.23	-0.18	-0.31		0.23	-0.21	-0.57	CETX
ASTC	-0.02	0.41	-0.05	-0.18	-0.45	0.23		-0.57	-0.22	ASTC
SNES	0.43	-0.64	0.04	0.4	0.92	-0.21	-0.57		0.27	SNES
SGBX	0.43	-0.63	-0.14	-0.01	0.44	-0.57	-0.22	0.27		SGBX
	BKYI	LGMK	SECUF	ICTSF	SNT	CETX	ASTC	SNES	SGBX

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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

SNES	+ 0.92	SNT
SNT	+ 0.53	BKYI
SGBX	+ 0.44	SNT
SNES	+ 0.43	BKYI
SGBX	+ 0.43	BKYI
SNT	+ 0.43	ICTSF

High negative correlations

SNT	- 0.73	LGMK
LGMK	- 0.69	BKYI
SNES	- 0.64	LGMK
SGBX	- 0.63	LGMK
SNES	- 0.57	ASTC
SGBX	- 0.57	CETX

Risk-Adjusted Indicators

There is a big difference between Supercom Stock performing well and Supercom 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 Supercom'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
BKYI	2.22	0.10	0.03	0.22	2.78	(2.77)	5.33	(4.17)	17.34
LGMK	10.95	(3.93)	0.00	2.90	0.00	0.00	26.36	(27.78)	101.32
SECUF	1.09	0.15	(0.01)	(0.45)	1.20	(1.76)	2.99	(2.78)	9.17
ICTSF	0.85	0.08	(0.02)	(0.03)	1.88	(4.03)	2.05	(2.50)	19.21
SNT	2.51	0.51	0.20	0.85	1.89	(3.23)	7.50	(3.77)	20.79
CETX	4.68	0.39	0.03	0.60	9.98	(4.92)	12.61	(8.95)	75.08
ASTC	1.29	(0.05)	0.00	0.48	0.00	0.00	2.23	(3.17)	15.07
SNES	3.92	1.75	0.46	(3.44)	2.32	(4.92)	12.73	(4.98)	34.98
SGBX	9.01	2.05	0.20	(1.08)	7.04	(13.71)	27.27	(13.16)	144.37

Supercom Corporate Management

Barak Trabelsi	COO CTO	Profile
Gil Alfi	Vice Ltd	Profile
Arnon Zilberman	Chief Officer	Profile
Arkady Tachman	RD eGov	Profile
Meir Vazana	VP Sales	Profile
Vadim Zelser	Chief Cyber	Profile

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