CommScope Holding Correlations

COMMDelisted Stock

USD 19.58 0.08 0.41%

The current 90-days correlation between CommScope Holding and Viavi Solutions is -0.14 (i.e., 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 0.62 (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 industry.

Moving together with CommScope Stock

0.76	MRK	Merck Company Aggressive Push	Pair Corr
0.72	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.61	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Moving against CommScope Stock

0.59	HPQ	HP Inc	Pair Corr
0.58	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	VIAV	BDC	IPGP	NIQ	PLXS	AVT	BL	PTRN	PAY	AMBA
VIAV		0.44	0.64	0.24	0.86	0.93	-0.7	-0.14	-0.51	-0.55	VIAV
BDC	0.44		0.45	-0.06	0.44	0.49	0.04	-0.24	-0.28	-0.27	BDC
IPGP	0.64	0.45		-0.29	0.52	0.62	-0.53	0.5	-0.14	-0.03	IPGP
NIQ	0.24	-0.06	-0.29		0.52	0.3	-0.11	-0.6	-0.44	-0.72	NIQ
PLXS	0.86	0.44	0.52	0.52		0.89	-0.69	-0.27	-0.68	-0.73	PLXS
AVT	0.93	0.49	0.62	0.3	0.89		-0.68	-0.19	-0.65	-0.64	AVT
BL	-0.7	0.04	-0.53	-0.11	-0.69	-0.68		-0.14	0.46	0.33	BL
PTRN	-0.14	-0.24	0.5	-0.6	-0.27	-0.19	-0.14		0.4	0.61	PTRN
PAY	-0.51	-0.28	-0.14	-0.44	-0.68	-0.65	0.46	0.4		0.68	PAY
AMBA	-0.55	-0.27	-0.03	-0.72	-0.73	-0.64	0.33	0.61	0.68		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	+ 0.93	VIAV
AVT	+ 0.89	PLXS
PLXS	+ 0.86	VIAV
AMBA	+ 0.68	PAY
IPGP	+ 0.64	VIAV
AVT	+ 0.62	IPGP

High negative correlations

AMBA	- 0.73	PLXS
AMBA	- 0.72	NIQ
BL	- 0.7	VIAV
BL	- 0.69	PLXS
BL	- 0.68	AVT
PAY	- 0.68	PLXS

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	2.69	0.95	0.38	0.68	2.22	(3.74)	5.90	(4.45)	30.34
BDC	1.41	0.03	0.02	0.07	1.78	(1.51)	3.29	(3.32)	10.85
IPGP	1.96	0.15	0.07	0.13	2.45	(2.03)	4.53	(4.00)	12.41
NIQ	2.42	(0.05)	(0.01)	(0.01)	4.20	(2.67)	4.93	(4.15)	16.33
PLXS	1.92	0.52	0.24	0.33	1.87	(2.18)	4.31	(3.99)	11.46
AVT	1.39	0.37	0.31	0.35	0.82	(1.80)	3.50	(1.76)	14.38
BL	1.69	(0.40)	0.00	(0.31)	0.00	0.00	2.70	(4.74)	12.75
PTRN	3.37	(0.34)	0.00	(0.12)	0.00	0.00	7.93	(7.71)	25.95
PAY	2.34	(0.21)	0.00	(0.55)	0.00	0.00	3.65	(5.85)	36.06
AMBA	2.76	(0.56)	0.00	(0.21)	0.00	0.00	5.30	(4.88)	24.30

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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