Cisco Systems Correlations

CSCO Stock

USD 64.87 1.03 1.61%

The current 90-days correlation between Cisco Systems and Hewlett Packard Enterprise is 0.41 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cisco Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cisco Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cisco Systems Correlation With Market

Modest diversification

The correlation between Cisco Systems and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cisco Systems 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 Cisco Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Cisco Stock, please use our How to Invest in Cisco Systems guide.

Moving together with Cisco Stock

0.7	PSTG	Pure Storage	Pair Corr
0.65	SSYS	Stratasys	Pair Corr
0.77	IBM	International Business	Pair Corr
0.79	NOTE	FiscalNote Holdings Tech Boost	Pair Corr
0.66	SSNLF	Samsung Electronics	Pair Corr
0.67	COST	Costco Wholesale Corp	Pair Corr
0.83	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.8	WMT	Walmart Earnings Call This Week	Pair Corr
0.7	T	ATT Inc Aggressive Push	Pair Corr
0.65	BA	Boeing	Pair Corr

Moving against Cisco Stock

0.63	PPERF	Bank Mandiri Persero	Pair Corr
0.61	DM	Desktop Metal	Pair Corr
0.61	PPERY	Bank Mandiri Persero	Pair Corr
0.58	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.53	PTAIY	Astra International Tbk	Pair Corr
0.49	HPQ	HP Inc	Pair Corr
0.46	DSWL	Deswell Industries	Pair Corr
0.44	TLK	Telkom Indonesia Tbk	Pair Corr
0.39	DIOD	Diodes Incorporated	Pair Corr
0.73	MRK	Merck Company	Pair Corr
0.68	PBCRY	Bank Central Asia	Pair Corr
0.59	PBCRF	PT Bank Central	Pair Corr
0.48	AA	Alcoa Corp	Pair Corr
0.38	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	JNPR	NOK	MSI	CIEN	ERIC	HPE	LITE	EXTR	NTGR	INFN
JNPR		0.14	-0.34	0.29	0.51	0.63	0.34	0.57	0.05	-0.36	JNPR
NOK	0.14		-0.49	0.68	-0.35	0.03	-0.17	-0.31	0.76	0.19	NOK
MSI	-0.34	-0.49		-0.66	0.05	-0.17	0.16	-0.18	-0.57	0.53	MSI
CIEN	0.29	0.68	-0.66		-0.14	0.28	0.22	0.13	0.85	-0.29	CIEN
ERIC	0.51	-0.35	0.05	-0.14		0.55	0.57	0.67	-0.3	-0.24	ERIC
HPE	0.63	0.03	-0.17	0.28	0.55		0.58	0.37	0.08	-0.18	HPE
LITE	0.34	-0.17	0.16	0.22	0.57	0.58		0.5	-0.07	-0.12	LITE
EXTR	0.57	-0.31	-0.18	0.13	0.67	0.37	0.5		-0.15	-0.41	EXTR
NTGR	0.05	0.76	-0.57	0.85	-0.3	0.08	-0.07	-0.15		-0.15	NTGR
INFN	-0.36	0.19	0.53	-0.29	-0.24	-0.18	-0.12	-0.41	-0.15		INFN
	JNPR	NOK	MSI	CIEN	ERIC	HPE	LITE	EXTR	NTGR	INFN

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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

NTGR	+ 0.85	CIEN
NTGR	+ 0.76	NOK
CIEN	+ 0.68	NOK
EXTR	+ 0.67	ERIC
HPE	+ 0.63	JNPR
LITE	+ 0.58	HPE

High negative correlations

CIEN	- 0.66	MSI
NTGR	- 0.57	MSI
MSI	- 0.49	NOK
INFN	- 0.41	EXTR
INFN	- 0.36	JNPR
ERIC	- 0.35	NOK

Risk-Adjusted Indicators

There is a big difference between Cisco Stock performing well and Cisco Systems 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 Cisco Systems' 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
JNPR	0.89	(0.09)	0.00	(5.90)	0.00	0.00	1.63	(2.48)	8.31
NOK	1.24	0.15	0.06	0.25	1.98	(1.26)	2.41	(3.00)	7.98
MSI	0.86	(0.21)	0.00	(0.32)	0.00	0.00	1.67	(2.25)	3.96
CIEN	2.42	0.41	0.08	0.52	4.24	(2.33)	5.23	(3.63)	36.49
ERIC	1.25	(0.05)	0.00	(0.06)	0.00	0.00	2.11	(2.68)	18.27
HPE	1.74	0.01	0.00	0.03	2.60	(1.76)	3.37	(5.18)	17.09
LITE	2.80	(0.03)	0.00	(0.03)	0.00	0.00	4.89	(4.62)	29.45
EXTR	1.63	(0.02)	0.00	(0.03)	0.00	0.00	2.82	(3.49)	9.89
NTGR	1.88	0.26	0.10	0.53	2.18	(2.07)	4.17	(3.26)	12.12
INFN	0.23	(0.01)	(0.03)	(0.07)	0.27	(0.29)	0.46	(0.45)	1.52

Cisco Systems Corporate Management

Kip Compton	Operations, Strategy	Profile
Tadhg Bourke	Senior Communities	Profile
Deborah Stahlkopf	Executive Officer	Profile
Maria Poveromo	Senior Officer	Profile
Marilyn Mora	Director Relations	Profile
Ahmed Badri	Head Relations	Profile
Nathan Jokel	Senior Alliances	Profile

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