A10 Network Correlations

ATEN Stock

USD 18.45 0.45 2.50%

The current 90-days correlation between A10 Network and Evertec is 0.52 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as A10 Network moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if A10 Network moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

A10 Network Correlation With Market

Significant diversification

The correlation between A10 Network and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding A10 Network and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in A10 Network. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in A10 Stock, please use our How to Invest in A10 Network guide.

Moving together with A10 Stock

0.85	BB	BlackBerry	Pair Corr
0.77	JG	Aurora Mobile	Pair Corr
0.9	MQ	Marqeta	Pair Corr
0.79	NN	Nextnav Acquisition Corp	Pair Corr
0.89	ZS	Zscaler	Pair Corr
0.9	VRNS	Varonis Systems	Pair Corr
0.77	VRNT	Verint Systems	Pair Corr
0.72	VRSN	VeriSign Earnings Call This Week	Pair Corr
0.63	EVTC	Evertec	Pair Corr
0.9	FFIV	F5 Networks	Pair Corr
0.72	FIVN	Five9 Inc	Pair Corr
0.85	FLYW	Flywire Corp	Pair Corr
0.89	FOUR	Shift4 Payments	Pair Corr
0.82	DLO	Dlocal	Pair Corr
0.69	DOX	Amdocs	Pair Corr
0.87	GEN	Gen Digital	Pair Corr
0.86	MDB	MongoDB	Pair Corr
0.9	NET	Cloudflare	Pair Corr
0.76	ODD	ODDITY Tech	Pair Corr
0.84	PGY	Pagaya Technologies Trending	Pair Corr

Moving against A10 Stock

0.75	VERI	Veritone Tech Boost	Pair Corr
0.56	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.76	HPAI	Helport AI Limited	Pair Corr
0.72	XBP	XBP Europe Holdings	Pair Corr

Related Correlations Analysis

	EVTC	NTCT	AVDX	FORG	ESMT	CSGS	SCWX	GB	VRNT	CCSI
EVTC		0.83	0.76	0.0	0.0	0.83	0.48	0.35	0.22	0.85	EVTC
NTCT	0.83		0.83	0.0	0.0	0.8	0.65	0.33	0.49	0.84	NTCT
AVDX	0.76	0.83		0.0	0.0	0.86	0.72	0.1	0.48	0.83	AVDX
FORG	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FORG
ESMT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ESMT
CSGS	0.83	0.8	0.86	0.0	0.0		0.5	0.28	0.38	0.88	CSGS
SCWX	0.48	0.65	0.72	0.0	0.0	0.5		-0.12	0.39	0.37	SCWX
GB	0.35	0.33	0.1	0.0	0.0	0.28	-0.12		-0.24	0.33	GB
VRNT	0.22	0.49	0.48	0.0	0.0	0.38	0.39	-0.24		0.46	VRNT
CCSI	0.85	0.84	0.83	0.0	0.0	0.88	0.37	0.33	0.46		CCSI
	EVTC	NTCT	AVDX	FORG	ESMT	CSGS	SCWX	GB	VRNT	CCSI

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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

CCSI	+ 0.88	CSGS
CSGS	+ 0.86	AVDX
CCSI	+ 0.85	EVTC
CCSI	+ 0.84	NTCT
NTCT	+ 0.83	EVTC
CSGS	+ 0.83	EVTC

High negative correlations

VRNT	- 0.24	GB
GB	- 0.12	SCWX
CCSI	- 0.0	ESMT
VRNT	- 0.0	ESMT
GB	- 0.0	ESMT
SCWX	- 0.0	ESMT

Risk-Adjusted Indicators

There is a big difference between A10 Stock performing well and A10 Network 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 A10 Network'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
EVTC	1.15	0.03	(0.06)	(0.28)	1.62	(1.06)	2.35	(2.57)	6.43
NTCT	1.19	0.18	0.04	1.63	1.25	(1.47)	2.49	(1.89)	12.35
AVDX	0.92	0.30	0.31	0.61	0.00	(1.31)	2.82	(1.20)	19.09
FORG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSGS	1.10	(0.04)	(0.04)	0.09	1.36	(1.21)	1.88	(2.28)	10.96
SCWX	0.13	0.02	(0.62)	(0.77)	0.00	(0.20)	0.36	(0.24)	1.07
GB	0.25	(0.01)	(0.23)	(0.28)	0.46	(0.29)	0.41	(0.40)	3.25
VRNT	2.46	0.20	0.09	0.25	2.60	(2.65)	5.67	(4.82)	20.15
CCSI	1.83	(0.04)	0.02	0.11	2.66	(1.78)	3.98	(3.91)	14.27

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