Extreme Networks Correlations

EXTR Stock

USD 14.20 0.26 1.80%

The current 90-days correlation between Extreme Networks and Ondas Holdings is -0.06 (i.e., Good diversification). The correlation of Extreme Networks is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Extreme Networks Correlation With Market

Excellent diversification

The correlation between Extreme Networks and DJI is -0.52 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Extreme Networks and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Extreme Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extreme Networks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Extreme Stock, please use our How to Invest in Extreme Networks guide.

Moving together with Extreme Stock

0.61

OCC

Optical Cable

Pair Corr

Moving against Extreme Stock

0.89	FIEE	FiEE Inc Symbol Change	Pair Corr
0.83	VSAT	ViaSat Inc Downward Rally	Pair Corr
0.76	NOA3	Nokia	Pair Corr
0.73	VIAV	Viavi Solutions	Pair Corr
0.73	ENA	Enablence Technologies	Pair Corr
0.73	MTLA	Motorola Solutions	Pair Corr
0.73	MSI	Motorola Solutions Tech Boost	Pair Corr
0.63	ERCB	Telefonaktiebolaget	Pair Corr
0.62	ERIC	Telefonaktiebolaget	Pair Corr
0.62	CEK	CeoTronics AG	Pair Corr
0.62	ERCG	Telefonaktiebolaget	Pair Corr
0.61	ERCA	Telefonaktiebolaget	Pair Corr
0.54	3YL	SMARTOPTICS GRP AS Earnings Call This Week	Pair Corr
0.53	S1L	SILICOM LTD IS	Pair Corr
0.5	AP7	Clearfield	Pair Corr
0.43	1RN	NuRAN Wireless Split	Pair Corr
0.42	FFIV	F5 Networks	Pair Corr
0.32	UI	Ubiquiti Networks	Pair Corr
0.84	GGN	Ceragon Networks	Pair Corr
0.83	EKI	Ekinops SA	Pair Corr
0.79	VS1	Viasat Inc	Pair Corr
0.77	NOK	Nokia Corp ADR Aggressive Push	Pair Corr
0.72	NOAA	Nokia	Pair Corr
0.63	GILT	Gilat Satellite Networks	Pair Corr
0.61	CUEH	Chengdu PUTIAN Telec	Pair Corr
0.59	CIE1	Ciena	Pair Corr
0.56	FTC	Filtronic	Pair Corr
0.55	NAT	NAPATECH AS NAM	Pair Corr
0.35	ITRN	Ituran Location	Pair Corr

Related Correlations Analysis

	ONDS	KN	DIOD	ODD	CNXC	ALRM	QUBT	SPNS	ACLS	DXC
ONDS		0.3	0.37	-0.37	0.53	0.01	0.22	-0.07	0.71	0.4	ONDS
KN	0.3		0.9	-0.63	-0.25	-0.61	-0.49	0.59	0.63	-0.13	KN
DIOD	0.37	0.9		-0.66	-0.18	-0.61	-0.57	0.57	0.65	-0.01	DIOD
ODD	-0.37	-0.63	-0.66		0.17	0.85	0.55	-0.74	-0.31	0.08	ODD
CNXC	0.53	-0.25	-0.18	0.17		0.44	0.43	-0.32	0.13	0.74	CNXC
ALRM	0.01	-0.61	-0.61	0.85	0.44		0.7	-0.77	-0.15	0.39	ALRM
QUBT	0.22	-0.49	-0.57	0.55	0.43	0.7		-0.59	0.09	0.32	QUBT
SPNS	-0.07	0.59	0.57	-0.74	-0.32	-0.77	-0.59		0.07	-0.1	SPNS
ACLS	0.71	0.63	0.65	-0.31	0.13	-0.15	0.09	0.07		0.09	ACLS
DXC	0.4	-0.13	-0.01	0.08	0.74	0.39	0.32	-0.1	0.09		DXC
	ONDS	KN	DIOD	ODD	CNXC	ALRM	QUBT	SPNS	ACLS	DXC

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

DIOD	+ 0.9	KN
ALRM	+ 0.85	ODD
DXC	+ 0.74	CNXC
ACLS	+ 0.71	ONDS
QUBT	+ 0.7	ALRM
ACLS	+ 0.65	DIOD

High negative correlations

SPNS	- 0.77	ALRM
SPNS	- 0.74	ODD
ODD	- 0.66	DIOD
ODD	- 0.63	KN
ALRM	- 0.61	DIOD
ALRM	- 0.61	KN

Risk-Adjusted Indicators

There is a big difference between Extreme Stock performing well and Extreme Networks 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 Extreme Networks' 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
ONDS	6.62	0.82	0.11	(4.27)	6.58	(7.74)	14.27	(12.11)	44.32
KN	1.60	0.45	0.19	(0.67)	1.41	(1.85)	3.71	(2.20)	10.35
DIOD	2.32	0.82	0.33	(4.12)	1.71	(2.90)	5.40	(3.16)	34.01
ODD	2.40	(0.54)	0.00	(0.41)	0.00	0.00	4.52	(5.12)	18.82
CNXC	2.87	0.08	0.00	(0.04)	5.08	(2.62)	6.21	(8.13)	19.78
ALRM	1.18	(0.20)	0.00	(0.18)	0.00	0.00	2.50	(2.86)	11.30
QUBT	4.85	(0.43)	0.00	(0.86)	0.00	0.00	12.51	(9.32)	27.31
SPNS	955.18	480.86	3,943	5.10	0.00	(1,143)	0.28	(0.12)	32,006
ACLS	2.53	0.46	0.13	(0.57)	2.67	(2.84)	5.63	(4.79)	12.52
DXC	2.12	(0.05)	(0.01)	0.01	3.24	(2.08)	4.74	(5.28)	17.54

Extreme Networks Corporate Management

Joseph Vitalone	Chief Officer	Profile
Gina Christopher	Deputy Counsel	Profile
Paul Semak	Senior International	Profile
Rmi Thomas	Ex CFO	Profile
Wesley Durow	Chief Officer	Profile

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

2026 Macroaxis LLC