CommScope Holding Correlations

COMMDelisted Stock

USD 19.58 0.08 0.41%

The current 90-days correlation between CommScope Holding and Viavi Solutions is -0.21 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CommScope Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CommScope Holding Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CommScope Holding Correlation With Market

Poor diversification

The correlation between CommScope Holding Co and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CommScope Holding Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CommScope Stock

0.77	CMA	Comerica Incorporated	Pair Corr
0.74	WLK	Westlake Chemical	Pair Corr
0.72	RHHVF	Roche Holding AG	Pair Corr
0.86	ADEA	ADEIA P Tech Boost	Pair Corr
0.9	KRKNF	Kraken Robotics	Pair Corr
0.79	DAWN	Day One Biopharmaceu	Pair Corr
0.72	STRS	Stratus Properties	Pair Corr
0.83	NTRSO	Northern Trust	Pair Corr
0.62	LNN	Lindsay	Pair Corr
0.71	CING	Cingulate	Pair Corr
0.62	GBOOY	Grupo Financiero Banorte	Pair Corr
0.66	VOD	Vodafone Group PLC	Pair Corr
0.88	SBYSF	Sibanye Stillwater	Pair Corr
0.82	MFGCF	Mayfair Gold Corp	Pair Corr
0.78	INGR	Ingredion Incorporated	Pair Corr
0.76	IFS	Intercorp Financial	Pair Corr
0.67	MEEEF	Metal Energy Corp	Pair Corr
0.79	CLEGF	Coles Group Earnings Call Tomorrow	Pair Corr
0.63	VKQ	Invesco Municipal Trust	Pair Corr

Moving against CommScope Stock

0.49

SPR

Spirit Aerosystems

Pair Corr

Related Correlations Analysis

	VIAV	BDC	IPGP	NIQ	PLXS	AVT	BL	PTRN	PAY	AMBA
VIAV		0.9	0.9	-0.79	0.91	0.98	-0.93	-0.52	-0.85	-0.52	VIAV
BDC	0.9		0.94	-0.86	0.78	0.88	-0.88	-0.72	-0.76	-0.4	BDC
IPGP	0.9	0.94		-0.82	0.79	0.89	-0.93	-0.56	-0.78	-0.4	IPGP
NIQ	-0.79	-0.86	-0.82		-0.6	-0.78	0.79	0.62	0.63	0.21	NIQ
PLXS	0.91	0.78	0.79	-0.6		0.93	-0.84	-0.39	-0.89	-0.7	PLXS
AVT	0.98	0.88	0.89	-0.78	0.93		-0.91	-0.51	-0.88	-0.6	AVT
BL	-0.93	-0.88	-0.93	0.79	-0.84	-0.91		0.53	0.86	0.42	BL
PTRN	-0.52	-0.72	-0.56	0.62	-0.39	-0.51	0.53		0.52	0.2	PTRN
PAY	-0.85	-0.76	-0.78	0.63	-0.89	-0.88	0.86	0.52		0.64	PAY
AMBA	-0.52	-0.4	-0.4	0.21	-0.7	-0.6	0.42	0.2	0.64		AMBA
	VIAV	BDC	IPGP	NIQ	PLXS	AVT	BL	PTRN	PAY	AMBA

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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

AVT	+ 0.98	VIAV
IPGP	+ 0.94	BDC
AVT	+ 0.93	PLXS
PLXS	+ 0.91	VIAV
BDC	+ 0.9	VIAV
IPGP	+ 0.9	VIAV

High negative correlations

BL	- 0.93	IPGP
BL	- 0.93	VIAV
BL	- 0.91	AVT
PAY	- 0.89	PLXS
PAY	- 0.88	AVT
BL	- 0.88	BDC

Risk-Adjusted Indicators

There is a big difference between CommScope Stock performing well and CommScope Holding 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 CommScope Holding'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
VIAV	2.54	0.85	0.34	0.70	2.17	(3.38)	5.90	(3.36)	22.78
BDC	1.48	0.39	0.23	0.48	1.22	(1.70)	4.37	(2.50)	10.85
IPGP	2.73	0.94	0.23	1.82	2.91	(3.09)	5.43	(5.97)	47.86
NIQ	2.59	(0.27)	0.00	(0.25)	0.00	0.00	4.89	(5.95)	25.33
PLXS	1.84	0.48	0.24	0.46	1.73	(2.10)	4.31	(3.51)	12.94
AVT	1.39	0.52	0.53	0.62	0.25	(1.90)	3.60	(1.32)	14.94
BL	2.10	(0.65)	0.00	1.35	0.00	0.00	2.73	(7.06)	15.09
PTRN	3.60	(0.61)	0.00	(0.14)	0.00	0.00	9.15	(10.31)	25.95
PAY	2.10	(0.53)	0.00	(0.28)	0.00	0.00	3.86	(5.50)	14.64
AMBA	2.50	(0.40)	0.00	(0.09)	0.00	0.00	6.08	(4.39)	22.76

Delisting Warning - COMM

CommScope Holding was delisted

The entity CommScope Holding Co with a symbol COMM was delisted from NASDAQ Exchange. Please try CommScope Holding Company with a symbol VISN from now on. Check all delisted instruments accross multiple markets.

CommScope Holding Corporate Management

Farid Firouzbakht	Senior Networks	Profile
Steven Bronken	Head Networks	Profile
Bartolomeo Giordano	Intelligent Networking	Profile
Jennifer CPA	Senior Officer	Profile
Upendra Pingle	Senior Networks	Profile
Gonzaga Chow	VP Networks	Profile
Koen Linde	Senior Solutions	Profile

Still Interested in CommScope Holding Co?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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