Comtech Telecommunicatio Correlations

Stocks . USA . 
Stock . Comtech Telecommunications Corp
CMTL Stock  USD 12.02  0.17  1.39%   
The correlation of Comtech Telecommunicatio is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comtech Telecommunicatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comtech Telecommunications Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Trending Equities. For more information on how to buy Comtech Stock please use our How to buy in Comtech Stock guide.
  
The ability to find closely correlated positions to Comtech Telecommunicatio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comtech Telecommunicatio when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Comtech Telecommunicatio - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Comtech Telecommunications Corp to buy it.

Moving together with Comtech Telecommunicatio

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+0.76DIODDiodes Incorporated Fiscal Quarter End 31st of March 2023 PairCorr

Related Correlations

AAPL
AIRG
AKTS
ALOT
APDN
APH
AAPL
-0.030.50.08-0.30.38
AAPL
AIRG
-0.030.750.120.820.64
AIRG
AKTS
0.50.750.210.520.78
AKTS
ALOT
0.080.120.210.130.28
ALOT
APDN
-0.30.820.520.130.55
APDN
APH
0.380.640.780.280.55
APH
AAPL
AIRG
AKTS
ALOT
APDN
APH
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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
APDN
+ 0.82
AIRG
APH
+ 0.78
AKTS
AKTS
+ 0.75
AIRG
APH
+ 0.64
AIRG
APH
+ 0.55
APDN
APDN
+ 0.52
AKTS
  
High negative correlations   
APDN
- 0.3
AAPL
AIRG
- 0.03
AAPL

Risk-Adjusted Indicators

Nowadays, there is a big difference between Comtech Stock performing well and Comtech Telecommunicatio company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Comtech Telecommunicatio's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
AAPL 1.28  0.32  0.20  0.26  1.34  0.20 (1.38)  2.83 (2.37)  6.57 
AIRG 2.28 (0.20)  0.00 (0.15)  0.00 (0.05)  0.00  4.85 (5.02)  29.79 
AKTS 4.03  0.21  0.03  0.07  5.85  0.0341 (3.86)  7.02 (8.10)  29.27 
ALOT 1.59  0.02  0.01  0.01  2.46  0.0131 (1.71)  3.42 (3.36)  14.76 
APDN 3.68 (0.07)  0.00  0.12  0.00 (0.006)  0.00  7.65 (7.10)  44.04 
APH 1.00  0.08  0.06  0.05  1.29  0.06 (1.00)  1.88 (1.93)  6.28 

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Our tools can tell you how much better you can do entering a position in Comtech Telecommunicatio without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Comtech Telecommunicatio Corporate Directors

Comtech Telecommunicatio corporate directors refer to members of a Comtech Telecommunicatio board of directors. The board of directors generally takes responsibility for the Comtech Telecommunicatio's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Comtech Telecommunicatio's board members must vote for the resolution. The Comtech Telecommunicatio board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Robert PaulIndependent DirectorProfile
Yacov ShamashDirectorProfile
Ira KaplanIndependent DirectorProfile
Edwin KantorLead Independent DirectorProfile

Already Invested in Comtech Telecommunications Corp?

The danger of trading Comtech Telecommunications Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Comtech Telecommunicatio is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Comtech Telecommunicatio. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Comtech Telecommunicatio is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities. For more information on how to buy Comtech Stock please use our How to buy in Comtech Stock guide. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running Comtech Telecommunicatio price analysis, check to measure Comtech Telecommunicatio's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Comtech Telecommunicatio is operating at the current time. Most of Comtech Telecommunicatio's value examination focuses on studying past and present price action to predict the probability of Comtech Telecommunicatio's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Comtech Telecommunicatio's price. Additionally, you may evaluate how the addition of Comtech Telecommunicatio to your portfolios can decrease your overall portfolio volatility.
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Is Comtech Telecommunicatio's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Comtech Telecommunicatio. If investors know Comtech will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Comtech Telecommunicatio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
5.87
Dividend Share
0.4
Earnings Share
(1.00) 
Revenue Per Share
18.877
Quarterly Revenue Growth
0.111
The market value of Comtech Telecommunicatio is measured differently than its book value, which is the value of Comtech that is recorded on the company's balance sheet. Investors also form their own opinion of Comtech Telecommunicatio's value that differs from its market value or its book value, called intrinsic value, which is Comtech Telecommunicatio's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Comtech Telecommunicatio's market value can be influenced by many factors that don't directly affect Comtech Telecommunicatio's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Comtech Telecommunicatio's value and its price as these two are different measures arrived at by different means. Investors typically determine Comtech Telecommunicatio value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comtech Telecommunicatio's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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