F5 Networks Correlations

FFIV Stock

USD 242.02 2.35 0.98%

The current 90-days correlation between F5 Networks and VeriSign is 0.23 (i.e., Modest diversification). The correlation of F5 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.

F5 Networks Correlation With Market

Weak diversification

The correlation between F5 Networks and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding F5 Networks and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in F5 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 gross domestic product.

For more information on how to buy FFIV Stock please use our How to Invest in F5 Networks guide.

Moving together with FFIV Stock

0.68	HPQ	HP Inc	Pair Corr
0.86	CSCO	Cisco Systems	Pair Corr
0.75	S	SentinelOne	Pair Corr
0.9	CRM	Salesforce Earnings Call This Week	Pair Corr
0.75	NET	Cloudflare	Pair Corr
0.86	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.89	ORCL	Oracle	Pair Corr
0.63	PANW	Palo Alto Networks	Pair Corr
0.89	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.88	CRWD	Crowdstrike Holdings Earnings Call This Week	Pair Corr
0.68	002861	Hubei Yingtong Telec	Pair Corr
0.79	300638	Fibocom Wireless	Pair Corr
0.72	300081	Hengxin Mobile Business	Pair Corr
0.83	200468	Nanjing Putian Telec	Pair Corr
0.79	688387	CICT Mobile Communication	Pair Corr
0.84	000070	Shenzhen SDG Information	Pair Corr
0.81	002446	Guangdong Shenglu	Pair Corr
0.81	002583	Hytera Communications	Pair Corr
0.83	600198	Datang Telecom Technology	Pair Corr
0.71	002231	Allwin Telecommunicatio	Pair Corr
0.71	603236	Quectel Wireless Sol	Pair Corr
0.83	002115	Sunwave Communications	Pair Corr
0.75	300710	Hangzhou Prevail Opt	Pair Corr

Moving against FFIV Stock

0.84	FRGT	Freight Technologies	Pair Corr
0.82	ENPH	Enphase Energy	Pair Corr
0.74	VRRM	Verra Mobility Corp	Pair Corr
0.42	OKTA	Okta Inc	Pair Corr
0.7	ADBE	Adobe Systems Sell-off Trend	Pair Corr
0.43	AEHR	Aehr Test Systems	Pair Corr

Related Correlations Analysis

	VRSN	CHKP	FLT	QLYS	CYBR	DOX	AKAM	GDDY	TENB	RPD
VRSN		0.54	0.34	0.13	0.26	0.46	0.3	-0.1	0.39	0.19	VRSN
CHKP	0.54		0.46	-0.53	0.01	0.14	0.6	-0.49	0.31	-0.18	CHKP
FLT	0.34	0.46		-0.54	-0.37	0.29	0.52	-0.69	-0.29	-0.26	FLT
QLYS	0.13	-0.53	-0.54		0.57	0.29	-0.6	0.81	0.31	0.48	QLYS
CYBR	0.26	0.01	-0.37	0.57		0.3	-0.21	0.78	0.63	0.7	CYBR
DOX	0.46	0.14	0.29	0.29	0.3		0.31	0.19	0.39	0.58	DOX
AKAM	0.3	0.6	0.52	-0.6	-0.21	0.31		-0.57	0.21	0.01	AKAM
GDDY	-0.1	-0.49	-0.69	0.81	0.78	0.19	-0.57		0.43	0.66	GDDY
TENB	0.39	0.31	-0.29	0.31	0.63	0.39	0.21	0.43		0.6	TENB
RPD	0.19	-0.18	-0.26	0.48	0.7	0.58	0.01	0.66	0.6		RPD
	VRSN	CHKP	FLT	QLYS	CYBR	DOX	AKAM	GDDY	TENB	RPD

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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

GDDY	+ 0.81	QLYS
GDDY	+ 0.78	CYBR
RPD	+ 0.7	CYBR
RPD	+ 0.66	GDDY
TENB	+ 0.63	CYBR
AKAM	+ 0.6	CHKP

High negative correlations

GDDY	- 0.69	FLT
AKAM	- 0.6	QLYS
GDDY	- 0.57	AKAM
QLYS	- 0.54	FLT
QLYS	- 0.53	CHKP
GDDY	- 0.49	CHKP

Risk-Adjusted Indicators

There is a big difference between FFIV Stock performing well and F5 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 F5 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
VRSN	0.79	(0.05)	(0.08)	0.02	0.86	(0.92)	1.77	(1.48)	6.03
CHKP	1.07	(0.15)	0.00	(0.11)	0.00	0.00	2.42	(1.86)	17.62
FLT	1.09	(0.02)	0.00	0.16	0.00	0.00	1.95	(1.95)	9.73
QLYS	1.72	0.06	0.14	0.11	1.42	(2.07)	3.17	(2.59)	26.78
CYBR	1.34	0.10	0.06	0.19	1.48	(1.45)	3.08	(2.69)	8.13
DOX	0.77	(0.07)	(0.06)	(0.01)	1.36	(0.70)	1.68	(1.55)	7.31
AKAM	1.18	(0.28)	0.00	(0.22)	0.00	0.00	1.90	(2.16)	18.11
GDDY	1.18	0.14	0.09	0.22	1.44	(1.21)	3.13	(2.10)	6.71
TENB	1.20	(0.16)	0.00	(0.03)	0.00	0.00	2.09	(2.90)	9.94
RPD	1.72	0.01	0.04	0.09	1.66	(2.11)	4.23	(2.74)	10.83

F5 Networks Corporate Management

Scot Rogers	Executive VP, General Counsel and Assistant Secretary	Profile
Scot JD	General VP	Profile
Thomas Fountain	Executive Officer	Profile
Lyra Schramm	Executive Officer	Profile
Adam Judd	China Pacific	Profile
Chad Esq	Executive Sales	Profile

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