Belden Correlations

BDC Stock

USD 113.88 1.86 1.66%

The current 90-days correlation between Belden Inc and Extreme Networks is -0.06 (i.e., Good diversification). The correlation of Belden 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.

Belden Correlation With Market

Very poor diversification

The correlation between Belden Inc and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Belden Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Belden Stock

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

Moving together with Belden Stock

0.76	SNT	Senstar Technologies	Pair Corr
0.74	GFAI	Guardforce AI	Pair Corr
0.78	KSCP	Knightscope	Pair Corr
0.8	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.73	U	Unity Software	Pair Corr
0.82	FSLY	Fastly Inc	Pair Corr
0.87	NOW	ServiceNow	Pair Corr
0.85	TTD	Trade Desk	Pair Corr
0.66	HUBS	HubSpot	Pair Corr
0.9	MANH	Manhattan Associates	Pair Corr
0.83	PCOR	Procore Technologies	Pair Corr
0.87	ALKT	Alkami Technology Tech Boost	Pair Corr
0.92	ALRM	Alarm Holdings	Pair Corr
0.97	ANSS	ANSYS Inc	Pair Corr
0.85	SHOP	Shopify Class A	Pair Corr
0.61	SSNC	SSC Technologies Holdings	Pair Corr
0.89	DDOG	Datadog	Pair Corr
0.7	PIFMY	Indofood Sukses Makmur	Pair Corr

Moving against Belden Stock

0.55	IVDA	Iveda Solutions	Pair Corr
0.4	DCBO	Docebo Inc	Pair Corr
0.37	IVDAW	Iveda Solutions Warrant	Pair Corr

Related Correlations Analysis

	CLFD	CMTL	KN	EXTR	KVHI	ADTN	MYNA	TSAT	DGII	NTGR
CLFD		0.86	0.84	0.96	0.71	0.22	-0.48	0.16	0.97	0.86	CLFD
CMTL	0.86		0.66	0.86	0.76	0.4	-0.26	0.35	0.81	0.65	CMTL
KN	0.84	0.66		0.87	0.58	0.35	-0.48	0.18	0.87	0.86	KN
EXTR	0.96	0.86	0.87		0.76	0.41	-0.31	0.27	0.96	0.85	EXTR
KVHI	0.71	0.76	0.58	0.76		0.46	-0.08	0.37	0.69	0.49	KVHI
ADTN	0.22	0.4	0.35	0.41	0.46		0.47	0.59	0.26	0.19	ADTN
MYNA	-0.48	-0.26	-0.48	-0.31	-0.08	0.47		0.2	-0.47	-0.44	MYNA
TSAT	0.16	0.35	0.18	0.27	0.37	0.59	0.2		0.14	-0.13	TSAT
DGII	0.97	0.81	0.87	0.96	0.69	0.26	-0.47	0.14		0.86	DGII
NTGR	0.86	0.65	0.86	0.85	0.49	0.19	-0.44	-0.13	0.86		NTGR
	CLFD	CMTL	KN	EXTR	KVHI	ADTN	MYNA	TSAT	DGII	NTGR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

DGII	+ 0.97	CLFD
EXTR	+ 0.96	CLFD
DGII	+ 0.96	EXTR
EXTR	+ 0.87	KN
DGII	+ 0.87	KN
CMTL	+ 0.86	CLFD

High negative correlations

MYNA	- 0.48	KN
MYNA	- 0.48	CLFD
DGII	- 0.47	MYNA
NTGR	- 0.44	MYNA
MYNA	- 0.31	EXTR
MYNA	- 0.26	CMTL

Risk-Adjusted Indicators

There is a big difference between Belden Stock performing well and Belden 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 Belden'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
CLFD	1.97	0.47	0.16	2.18	2.16	(2.10)	4.89	(3.25)	11.21
CMTL	4.57	0.61	0.09	5.18	5.59	(4.93)	11.73	(6.98)	33.86
KN	1.88	0.10	0.05	0.11	2.53	(2.11)	3.30	(3.51)	20.50
EXTR	2.35	0.24	0.06	3.30	3.09	(2.51)	4.94	(5.08)	20.04
KVHI	1.43	(0.02)	0.00	(0.06)	0.00	0.00	4.32	(3.47)	9.24
ADTN	2.35	(0.08)	0.00	(0.01)	0.00	0.00	5.11	(4.62)	21.56
MYNA	12.78	(0.85)	0.00	0.66	0.00	0.00	36.96	(31.58)	167.72
TSAT	3.15	0.31	0.10	0.35	3.10	(4.07)	7.67	(5.52)	16.22
DGII	1.91	0.24	0.07	(1.91)	2.22	(2.06)	3.28	(4.10)	19.43
NTGR	2.53	0.25	0.08	0.20	3.08	(3.20)	5.80	(4.12)	22.43

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

2025 Macroaxis LLC