NETGEAR Correlations

NTGR Stock

USD 25.71 0.79 3.17%

The current 90-days correlation between NETGEAR and ADTRAN Inc is -0.04 (i.e., Good diversification). The correlation of NETGEAR 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.

NETGEAR Correlation With Market

Weak diversification

The correlation between NETGEAR and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NETGEAR and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with NETGEAR Stock

0.72	KN	Knowles Cor	Pair Corr
0.62	UI	Ubiquiti Networks	Pair Corr
0.74	AMPGW	AmpliTech Group	Pair Corr
0.74	EBON	Ebang International	Pair Corr
0.63	ELTK	Eltek	Pair Corr
0.78	EVLV	Evolv Technologies	Pair Corr
0.62	EXTR	Extreme Networks	Pair Corr
0.76	FEIM	Frequency Electronics	Pair Corr
0.86	FLEX	Flex	Pair Corr
0.76	APH	Amphenol	Pair Corr
0.81	BDC	Belden Inc	Pair Corr
0.71	CDW	CDW Corp	Pair Corr
0.75	CLS	Celestica	Pair Corr
0.66	CTS	CTS Corporation	Pair Corr
0.69	GLW	Corning Incorporated	Pair Corr
0.79	HPE	Hewlett Packard Ente	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.76	JBL	Jabil Circuit	Pair Corr
0.76	MEI	Methode Electronics	Pair Corr
0.85	MSI	Motorola Solutions	Pair Corr

Moving against NETGEAR Stock

0.35	ERIC	Telefonaktiebolaget	Pair Corr
0.47	FKWL	Franklin Wireless Corp	Pair Corr
0.63	NOK	Nokia Corp ADR	Pair Corr

Related Correlations Analysis

	ADTN	KVHI	TSAT	DGII	CRNT	ITRN	AUDC	SILC	CIEN
ADTN		0.72	0.12	0.73	0.09	0.36	0.83	0.5	0.54	ADTN
KVHI	0.72		-0.31	0.67	0.58	-0.15	0.51	0.78	0.81	KVHI
TSAT	0.12	-0.31		0.24	-0.49	0.42	0.32	-0.36	-0.35	TSAT
DGII	0.73	0.67	0.24		0.28	0.13	0.79	0.51	0.68	DGII
CRNT	0.09	0.58	-0.49	0.28		-0.78	-0.11	0.79	0.77	CRNT
ITRN	0.36	-0.15	0.42	0.13	-0.78		0.47	-0.4	-0.38	ITRN
AUDC	0.83	0.51	0.32	0.79	-0.11	0.47		0.25	0.38	AUDC
SILC	0.5	0.78	-0.36	0.51	0.79	-0.4	0.25		0.81	SILC
CIEN	0.54	0.81	-0.35	0.68	0.77	-0.38	0.38	0.81		CIEN
	ADTN	KVHI	TSAT	DGII	CRNT	ITRN	AUDC	SILC	CIEN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

AUDC	+ 0.83	ADTN
CIEN	+ 0.81	KVHI
CIEN	+ 0.81	SILC
AUDC	+ 0.79	DGII
SILC	+ 0.79	CRNT
SILC	+ 0.78	KVHI

High negative correlations

ITRN	- 0.78	CRNT
CRNT	- 0.49	TSAT
SILC	- 0.4	ITRN
CIEN	- 0.38	ITRN
SILC	- 0.36	TSAT
CIEN	- 0.35	TSAT

Risk-Adjusted Indicators

There is a big difference between NETGEAR Stock performing well and NETGEAR 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 NETGEAR'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
ADTN	2.49	0.10	0.05	(0.22)	3.22	(2.79)	6.96	(5.98)	19.02
KVHI	1.75	(0.01)	0.00	(0.12)	0.00	0.00	2.92	(4.29)	14.31
TSAT	3.88	0.38	0.10	0.63	3.81	(4.63)	7.62	(5.62)	34.21
DGII	1.87	(0.06)	0.00	(0.10)	0.00	0.00	3.38	(3.94)	21.42
CRNT	3.56	(0.85)	0.00	(0.76)	0.00	0.00	6.77	(6.81)	37.31
ITRN	1.87	0.35	0.19	0.39	1.68	(2.43)	4.03	(3.58)	21.39
AUDC	1.80	0.00	0.04	(0.08)	1.68	(2.60)	5.32	(2.76)	12.21
SILC	2.20	(0.12)	0.00	(0.34)	0.00	0.00	4.43	(5.24)	16.81
CIEN	2.76	(0.50)	0.00	1.63	0.00	0.00	4.93	(6.13)	28.00

NETGEAR Corporate Management

Andrew Kim	Sr. VP of Corporate Devel., General Counsel and Corporate Secretary	Profile
Martin Westhead	Chief Software	Profile
Kirsten Daru	General Officer	Profile
Bryan CPA	Chief Officer	Profile

Discover investing ideas

Entertainment

Recycling

Long/short ETFs

Utilize additional investing modules

Bonds Directory

Commodity Directory

Equity Analysis

Portfolio Rebalancing

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

2024 Macroaxis LLC