NETGEAR Correlations

NTGR Stock

USD 22.68 0.30 1.34%

The current 90-days correlation between NETGEAR and ADTRAN Inc is 0.37 (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

Very weak diversification

The correlation between NETGEAR and DJI is 0.48 (i.e., Very 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.

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

0.9	MSFT	Microsoft	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.63	PG	Procter Gamble Earnings Call This Week	Pair Corr

Moving against NETGEAR Stock

0.88	MRK	Merck Company Sell-off Trend	Pair Corr
0.83	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.79	WSFS	WSFS Financial	Pair Corr
0.78	ATI	Allegheny Technologies	Pair Corr
0.72	KB	KB Financial Group	Pair Corr
0.7	F	Ford Motor	Pair Corr
0.69	ACN	Accenture plc	Pair Corr
0.66	WF	Woori Financial Group	Pair Corr
0.61	SHG	Shinhan Financial	Pair Corr
0.57	ASXSF	Elysee Development Corp	Pair Corr
0.5	PTBRY	Bank Negara Indonesia Normal Trading	Pair Corr
0.89	DD	Dupont De Nemours	Pair Corr
0.88	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.76	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.75	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.74	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.68	CAT	Caterpillar	Pair Corr
0.68	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.61	BAC	Bank of America	Pair Corr
0.56	KO	Coca Cola	Pair Corr
0.51	MCD	McDonalds	Pair Corr
0.34	IBM	International Business	Pair Corr

Related Correlations Analysis

	ADTN	GILT	ITRN	SCSC	AIOT	ALNT	SSYS	DAKT	HLIT	CRSR
ADTN		0.66	0.12	0.56	0.63	0.39	0.74	0.47	0.73	0.67	ADTN
GILT	0.66		0.29	0.35	0.67	0.62	0.72	0.83	0.48	0.28	GILT
ITRN	0.12	0.29		-0.17	0.58	0.79	-0.22	0.41	0.14	-0.52	ITRN
SCSC	0.56	0.35	-0.17		0.32	0.13	0.66	0.34	0.66	0.73	SCSC
AIOT	0.63	0.67	0.58	0.32		0.6	0.5	0.66	0.56	0.19	AIOT
ALNT	0.39	0.62	0.79	0.13	0.6		0.11	0.58	0.3	-0.22	ALNT
SSYS	0.74	0.72	-0.22	0.66	0.5	0.11		0.59	0.59	0.77	SSYS
DAKT	0.47	0.83	0.41	0.34	0.66	0.58	0.59		0.46	0.13	DAKT
HLIT	0.73	0.48	0.14	0.66	0.56	0.3	0.59	0.46		0.6	HLIT
CRSR	0.67	0.28	-0.52	0.73	0.19	-0.22	0.77	0.13	0.6		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	+ 0.83	GILT
ALNT	+ 0.79	ITRN
CRSR	+ 0.77	SSYS
SSYS	+ 0.74	ADTN
HLIT	+ 0.73	ADTN
CRSR	+ 0.73	SCSC

High negative correlations

CRSR	- 0.52	ITRN
CRSR	- 0.22	ALNT
SSYS	- 0.22	ITRN
SCSC	- 0.17	ITRN

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	2.48	(0.04)	0.01	0.08	4.55	(2.57)	5.23	(4.26)	30.13
GILT	2.75	0.12	0.10	0.14	2.89	(2.99)	6.71	(4.56)	15.78
ITRN	1.36	0.26	0.19	0.38	0.98	(1.61)	4.15	(1.79)	8.15
SCSC	1.27	(0.09)	(0.04)	0.03	1.58	(1.36)	2.50	(2.56)	7.75
AIOT	2.22	(0.04)	0.03	0.08	2.65	(2.40)	4.91	(4.03)	14.57
ALNT	2.28	0.21	0.11	0.21	2.46	(2.62)	5.52	(4.46)	15.33
SSYS	2.53	(0.13)	0.02	0.05	2.75	(3.26)	6.26	(4.69)	22.42
DAKT	1.86	0.06	0.04	0.14	2.41	(1.93)	3.33	(2.95)	24.79
HLIT	1.44	(0.07)	(0.02)	0.05	2.40	(1.25)	2.76	(3.80)	11.35
CRSR	2.39	(0.58)	0.00	(0.22)	0.00	0.00	4.30	(4.94)	17.64

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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