A10 Network Correlations

ATEN Stock

USD 16.56 0.08 0.49%

The current 90-days correlation between A10 Network and Evertec is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as A10 Network moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if A10 Network moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

A10 Network Correlation With Market

Poor diversification

The correlation between A10 Network and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding A10 Network and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in A10 Network. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in A10 Stock, please use our How to Invest in A10 Network guide.

Moving together with A10 Stock

0.82	S	SentinelOne	Pair Corr
0.88	NN	Nextnav Acquisition Corp	Pair Corr
0.62	ZS	Zscaler Earnings Call This Week	Pair Corr
0.64	DTSS	Datasea	Pair Corr
0.73	EVCM	EverCommerce	Pair Corr
0.67	EVTC	Evertec	Pair Corr
0.67	CETXP	Cemtrex Pref	Pair Corr
0.89	FFIV	F5 Networks	Pair Corr
0.72	FIVN	Five9 Inc	Pair Corr
0.76	FLYW	Flywire Corp	Pair Corr
0.93	FOUR	Shift4 Payments Tech Boost	Pair Corr
0.9	DBX	Dropbox	Pair Corr
0.65	DLO	Dlocal	Pair Corr
0.94	GEN	Gen Digital	Pair Corr
0.94	FTNT	Fortinet	Pair Corr
0.73	IOT	Samsara	Pair Corr
0.82	NET	Cloudflare Buyout Trend	Pair Corr
0.79	ODD	ODDITY Tech	Pair Corr
0.82	PAY	Paymentus Holdings Tech Boost	Pair Corr

Moving against A10 Stock

0.94	VHAI	VHAI	Pair Corr
0.76	VRAR	Glimpse Group	Pair Corr
0.66	MQ	Marqeta	Pair Corr
0.51	VRNT	Verint Systems	Pair Corr
0.43	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.92	TCX	Tucows Inc	Pair Corr
0.85	VHC	VirnetX Holding Corp	Pair Corr
0.38	PGY	Pagaya Technologies	Pair Corr
0.33	APCXW	AppTech Payments Corp	Pair Corr

Related Correlations Analysis

	EVTC	NTCT	AVDX	FORG	ESMT	CSGS	SCWX	GB	VRNT	CCSI
EVTC		0.6	0.71	0.18	0.43	0.83	0.26	0.33	0.03	0.73	EVTC
NTCT	0.6		0.71	0.02	0.6	0.73	0.41	0.03	-0.17	0.54	NTCT
AVDX	0.71	0.71		0.28	0.5	0.93	0.45	0.22	-0.25	0.65	AVDX
FORG	0.18	0.02	0.28		0.12	0.16	-0.1	0.11	0.26	0.3	FORG
ESMT	0.43	0.6	0.5	0.12		0.57	0.45	0.41	-0.57	0.23	ESMT
CSGS	0.83	0.73	0.93	0.16	0.57		0.44	0.26	-0.24	0.69	CSGS
SCWX	0.26	0.41	0.45	-0.1	0.45	0.44		0.49	-0.63	0.23	SCWX
GB	0.33	0.03	0.22	0.11	0.41	0.26	0.49		-0.61	0.24	GB
VRNT	0.03	-0.17	-0.25	0.26	-0.57	-0.24	-0.63	-0.61		0.08	VRNT
CCSI	0.73	0.54	0.65	0.3	0.23	0.69	0.23	0.24	0.08		CCSI
	EVTC	NTCT	AVDX	FORG	ESMT	CSGS	SCWX	GB	VRNT	CCSI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CSGS	+ 0.93	AVDX
CSGS	+ 0.83	EVTC
CCSI	+ 0.73	EVTC
CSGS	+ 0.73	NTCT
AVDX	+ 0.71	EVTC
AVDX	+ 0.71	NTCT

High negative correlations

VRNT	- 0.63	SCWX
VRNT	- 0.61	GB
VRNT	- 0.57	ESMT
VRNT	- 0.25	AVDX
VRNT	- 0.24	CSGS
VRNT	- 0.17	NTCT

Risk-Adjusted Indicators

There is a big difference between A10 Stock performing well and A10 Network 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 A10 Network'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
EVTC	1.13	0.01	0.01	0.10	1.46	(1.17)	2.24	(2.30)	7.50
NTCT	1.50	(0.08)	0.00	0.05	1.72	(1.60)	3.23	(2.84)	10.35
AVDX	1.59	0.27	0.22	0.21	1.40	(1.96)	4.07	(2.79)	16.68
FORG	0.78	(0.03)	0.00	(0.31)	0.00	0.00	1.78	(1.49)	6.71
ESMT	1.57	0.09	0.01	0.43	1.90	(1.59)	3.90	(2.93)	9.34
CSGS	1.19	0.15	0.12	0.24	0.95	(1.42)	2.65	(1.83)	10.94
SCWX	2.46	0.19	0.05	0.27	2.76	(3.37)	7.68	(5.68)	29.19
GB	2.40	0.26	0.05	11.08	3.43	(2.60)	4.70	(3.51)	23.79
VRNT	1.57	(0.65)	0.00	(0.30)	0.00	0.00	2.67	(4.01)	12.41
CCSI	2.25	0.08	0.07	0.12	2.37	(2.66)	6.28	(3.62)	20.68

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC