Radcom Ltd. (RDCM) — Stock Correlations & Overview
Over the past year, RDCM has moved most closely with CCB, GBFH, TDOC. Explore the stocks most correlated and inversely correlated with RDCM below, along with its price, financials, and company profile.
Stocks correlated with RDCM
Correlation of daily returns. Higher positive values move with RDCM; negative values move opposite it. Informational only, not investment advice.
Most correlated with RDCM
| Symbol | Company | Correlation |
|---|---|---|
| CCB | Coastal Financial CorporationSTATE COMMERCIAL BANKS | 0.48 |
| GBFH | GBank Financial Holdings Inc. Common StockSTATE COMMERCIAL BANKS | 0.42 |
| TDOC | Teladoc Health, Inc.SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE | 0.42 |
| RM | REGIONAL MANAGEMENT CORPPERSONAL CREDIT INSTITUTIONS | 0.37 |
| INO | Inovio Pharmaceuticals, Inc.PHARMACEUTICAL PREPARATIONS | 0.37 |
Most inversely correlated with RDCM
| Symbol | Company | Correlation |
|---|---|---|
| CYCU | Cycurion, Inc. Common StockSERVICES-COMPUTER PROGRAMMING SERVICES | -0.35 |
| MKTX | MarketAxess Holdings Inc.SECURITY BROKERS, DEALERS & FLOTATION COMPANIES | -0.31 |
| RWM | ProShares Short Russell2000 | -0.26 |
| TWM | ProShares UltraShort Russell2000 | -0.25 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.25 |
Frequently asked questions about RDCM correlations
- Which stocks are most correlated with RDCM?
- Based on one year of daily returns, the stocks most correlated with Radcom Ltd. (RDCM) are CCB (0.48), GBFH (0.42) and TDOC (0.42). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with RDCM?
- Over the past year, the stocks most inversely correlated with Radcom Ltd. (RDCM) are CYCU (-0.35), MKTX (-0.31) and RWM (-0.26). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these RDCM correlations calculated?
- We compute the correlation of daily returns between RDCM and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.