NETGEAR Correlations

NTGR Stock

USD 20.62 0.13 0.63%

The current 90-days correlation between NETGEAR and ADTRAN Inc is 0.38 (i.e., Weak 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

Pay attention - limited upside

The correlation between NETGEAR and DJI is -0.77 (i.e., Pay attention - limited upside) 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.

Build AI portfolio with NETGEAR Stock

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 census.

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

Moving together with NETGEAR Stock

0.84	ALNTG	Netgem SA	Pair Corr
0.65	ERFB	Erf Wireless	Pair Corr
0.94	EXTR	Extreme Networks	Pair Corr
0.65	GW3	GAPWAVES AB CLASS	Pair Corr
0.73	PARRO	Parrot	Pair Corr
0.85	FKWL	Franklin Wireless Corp	Pair Corr
0.63	BYL	Baylin Technologies	Pair Corr

Moving against NETGEAR Stock

0.86	ENA	Enablence Technologies Earnings Call This Week	Pair Corr
0.85	FIEE	FiEE Inc Symbol Change	Pair Corr
0.84	1RN	NuRAN Wireless Split	Pair Corr
0.83	CFC	UET United Electronic	Pair Corr
0.82	VSAT	ViaSat Inc	Pair Corr
0.81	ERCG	Telefonaktiebolaget	Pair Corr
0.81	ERCB	Telefonaktiebolaget	Pair Corr
0.8	ERIC	Telefonaktiebolaget Aggressive Push	Pair Corr
0.8	ERCA	Telefonaktiebolaget	Pair Corr
0.79	VIAV	Viavi Solutions	Pair Corr
0.79	FFIV	F5 Networks	Pair Corr
0.78	MTLA	Motorola Solutions	Pair Corr
0.78	S1L	SILICOM LTD IS	Pair Corr
0.77	NOA3	Nokia	Pair Corr
0.67	FQT	Frequentis AG	Pair Corr
0.65	AP7	Clearfield	Pair Corr
0.62	3YL	SMARTOPTICS GRP AS	Pair Corr
0.62	CEK	CeoTronics AG	Pair Corr
0.52	UI	Ubiquiti Networks	Pair Corr
0.42	PEB	Pebble Beach Systems	Pair Corr
0.91	FTC	Filtronic	Pair Corr
0.85	ITRN	Ituran Location Earnings Call This Week	Pair Corr
0.83	ALLEC	Cogelec SA	Pair Corr
0.83	VS1	Viasat Inc	Pair Corr
0.82	GGN	Ceragon Networks	Pair Corr
0.8	MSI	Motorola Solutions	Pair Corr
0.8	CIE1	Ciena Earnings Call This Week	Pair Corr
0.78	NOK	Nokia Corp ADR	Pair Corr
0.78	EKI	Ekinops SA	Pair Corr

Related Correlations Analysis

	ADTN	GILT	ITRN	SCSC	AIOT	ALNT	SSYS	DAKT	HLIT	CRSR
ADTN		0.6	0.91	-0.56	-0.52	0.93	0.74	0.88	0.65	-0.59	ADTN
GILT	0.6		0.58	0.08	0.05	0.66	0.83	0.51	0.17	-0.74	GILT
ITRN	0.91	0.58		-0.54	-0.53	0.92	0.72	0.91	0.69	-0.59	ITRN
SCSC	-0.56	0.08	-0.54		0.73	-0.52	-0.16	-0.62	-0.32	0.26	SCSC
AIOT	-0.52	0.05	-0.53	0.73		-0.58	-0.14	-0.75	-0.28	0.29	AIOT
ALNT	0.93	0.66	0.92	-0.52	-0.58		0.8	0.94	0.57	-0.64	ALNT
SSYS	0.74	0.83	0.72	-0.16	-0.14	0.8		0.68	0.37	-0.7	SSYS
DAKT	0.88	0.51	0.91	-0.62	-0.75	0.94	0.68		0.53	-0.62	DAKT
HLIT	0.65	0.17	0.69	-0.32	-0.28	0.57	0.37	0.53		0.0	HLIT
CRSR	-0.59	-0.74	-0.59	0.26	0.29	-0.64	-0.7	-0.62	0.0		CRSR
	ADTN	GILT	ITRN	SCSC	AIOT	ALNT	SSYS	DAKT	HLIT	CRSR

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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

DAKT	+ 0.94	ALNT
ALNT	+ 0.93	ADTN
ALNT	+ 0.92	ITRN
ITRN	+ 0.91	ADTN
DAKT	+ 0.91	ITRN
DAKT	+ 0.88	ADTN

High negative correlations

DAKT	- 0.75	AIOT
CRSR	- 0.74	GILT
CRSR	- 0.7	SSYS
CRSR	- 0.64	ALNT
CRSR	- 0.62	DAKT
DAKT	- 0.62	SCSC

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	2.06	0.43	0.19	0.40	2.09	(2.40)	5.01	(3.85)	13.86
GILT	3.10	0.60	0.10	0.68	4.78	(3.11)	5.49	(4.88)	35.30
ITRN	1.44	0.31	0.21	0.41	1.12	(1.72)	3.51	(2.35)	8.21
SCSC	1.71	(0.23)	0.00	(0.04)	0.00	0.00	2.79	(3.87)	22.44
AIOT	2.56	(0.52)	0.00	(0.09)	0.00	0.00	5.36	(6.13)	19.14
ALNT	1.81	0.28	0.15	0.26	1.92	(2.12)	4.95	(3.62)	10.42
SSYS	2.29	0.02	0.06	0.09	2.18	(2.75)	6.06	(3.70)	19.51
DAKT	1.88	0.47	0.23	0.42	1.69	(2.29)	3.82	(2.85)	24.79
HLIT	1.74	0.19	0.09	0.24	1.99	(1.80)	4.99	(3.19)	11.99
CRSR	3.15	(0.01)	0.02	0.08	4.13	(3.78)	6.19	(4.76)	66.37

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

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