CommScope Holding Correlations
| VISN Stock | 17.56 0.15 0.86% |
The current 90-days correlation between CommScope Holding and Algonquin Power Utilities is -0.18 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CommScope Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CommScope Holding Company moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
CommScope Holding Correlation With Market
Good diversification
The correlation between CommScope Holding Company and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CommScope Holding Company and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with CommScope Stock
Moving against CommScope Stock
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Related Correlations Analysis
| -0.03 | 0.69 | 0.58 | 0.07 | 0.0 | 0.0 | AQN | ||
| -0.03 | -0.18 | 0.09 | 0.22 | 0.0 | 0.0 | CUPUF | ||
| 0.69 | -0.18 | 0.29 | -0.04 | 0.0 | 0.0 | NRSDY | ||
| 0.58 | 0.09 | 0.29 | 0.54 | 0.0 | 0.0 | TSEM | ||
| 0.07 | 0.22 | -0.04 | 0.54 | 0.0 | 0.0 | MX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PKSGY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HTOCF | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CommScope Stock performing well and CommScope Holding 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 CommScope Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AQN | 1.00 | 0.23 | 0.18 | (0.67) | 0.84 | 3.02 | 6.08 | |||
| CUPUF | 0.63 | 0.00 | (0.01) | 0.03 | 1.06 | 2.02 | 6.80 | |||
| NRSDY | 1.01 | 0.29 | 0.00 | (0.21) | 0.00 | 0.40 | 29.41 | |||
| TSEM | 2.74 | 0.30 | 0.08 | 0.49 | 3.36 | 6.11 | 20.41 | |||
| MX | 2.38 | (0.02) | 0.01 | 0.03 | 2.74 | 5.34 | 17.25 | |||
| PKSGY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HTOCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
CommScope Holding Corporate Management
| Krista JD | Chief VP | Profile | |
| Koen Linde | Senior Solutions | Profile | |
| Charles Gilstrap | Tax Treasury | Profile | |
| Steven Bronken | Head Networks | Profile | |
| Jenny Thompson | Head Relations | Profile |