Cisco Systems Correlations

CSCO Stock

USD 68.05 0.25 0.37%

The current 90-days correlation between Cisco Systems and Hewlett Packard Enterprise is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cisco Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cisco Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cisco Systems Correlation With Market

Poor diversification

The correlation between Cisco Systems and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cisco Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cisco Stock

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

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

Moving together with Cisco Stock

0.92	LPL	LG Display Earnings Call This Week	Pair Corr
0.97	LITE	Lumentum Holdings	Pair Corr
0.72	NTGR	NETGEAR Earnings Call Next Week	Pair Corr
0.73	RGTIW	Rigetti Computing Trending	Pair Corr
0.83	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.93	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.74	RGTI	Rigetti Computing Trending	Pair Corr
0.82	ADTN	ADTRAN Inc	Pair Corr
0.97	AVNW	Aviat Networks	Pair Corr
0.85	CRNT	Ceragon Networks	Pair Corr
0.94	VRRM	Verra Mobility Corp	Pair Corr
0.7	ENLV	Enlivex Therapeutics	Pair Corr
0.86	FRGE	Forge Global Holdings	Pair Corr
0.97	IBM	International Business Earnings Call This Week	Pair Corr
0.74	INTC	Intel Earnings Call This Week	Pair Corr
0.86	ITRN	Ituran Location	Pair Corr
0.87	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.88	ALLT	Allot Communications	Pair Corr
0.83	AMBA	Ambarella	Pair Corr
0.86	CAMT	Camtek	Pair Corr
0.85	PFE	Pfizer Inc	Pair Corr
0.96	CAT	Caterpillar	Pair Corr
0.96	AXP	American Express	Pair Corr
0.96	DIS	Walt Disney	Pair Corr
0.9	AA	Alcoa Corp	Pair Corr

Moving against Cisco Stock

0.51	QMCO	Quantum	Pair Corr
0.74	MCD	McDonalds	Pair Corr
0.55	KO	Coca Cola Earnings Call This Week	Pair Corr
0.45	PG	Procter Gamble	Pair Corr
0.42	07274NBG7	BAYNGR 5 15	Pair Corr
0.36	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	JNPR	NOK	MSI	CIEN	ERIC	HPE	LITE	EXTR	NTGR	INFN
JNPR		-0.11	-0.05	0.5	-0.37	0.55	0.62	0.49	0.33	0.22	JNPR
NOK	-0.11		-0.14	0.12	0.81	-0.13	0.0	0.19	0.34	-0.59	NOK
MSI	-0.05	-0.14		-0.14	0.03	-0.1	-0.25	-0.23	-0.25	0.1	MSI
CIEN	0.5	0.12	-0.14		0.15	0.73	0.79	0.85	0.87	-0.01	CIEN
ERIC	-0.37	0.81	0.03	0.15		-0.11	-0.09	0.16	0.33	-0.55	ERIC
HPE	0.55	-0.13	-0.1	0.73	-0.11		0.9	0.88	0.65	0.44	HPE
LITE	0.62	0.0	-0.25	0.79	-0.09	0.9		0.95	0.69	0.34	LITE
EXTR	0.49	0.19	-0.23	0.85	0.16	0.88	0.95		0.83	0.18	EXTR
NTGR	0.33	0.34	-0.25	0.87	0.33	0.65	0.69	0.83		-0.18	NTGR
INFN	0.22	-0.59	0.1	-0.01	-0.55	0.44	0.34	0.18	-0.18		INFN
	JNPR	NOK	MSI	CIEN	ERIC	HPE	LITE	EXTR	NTGR	INFN

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

EXTR	+ 0.95	LITE
LITE	+ 0.9	HPE
EXTR	+ 0.88	HPE
NTGR	+ 0.87	CIEN
EXTR	+ 0.85	CIEN
NTGR	+ 0.83	EXTR

High negative correlations

INFN	- 0.59	NOK
INFN	- 0.55	ERIC
ERIC	- 0.37	JNPR
NTGR	- 0.25	MSI
LITE	- 0.25	MSI
EXTR	- 0.23	MSI

Risk-Adjusted Indicators

There is a big difference between Cisco Stock performing well and Cisco Systems 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 Cisco Systems' 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
JNPR	0.69	0.17	0.03	(2.72)	0.70	(0.82)	1.74	(0.85)	5.02
NOK	1.16	(0.13)	0.00	(0.13)	0.00	0.00	2.16	(2.44)	12.62
MSI	0.90	(0.07)	0.00	(0.05)	0.00	0.00	1.80	(2.04)	9.26
CIEN	1.69	0.42	0.15	0.45	2.41	(1.88)	5.18	(1.83)	19.28
ERIC	1.18	(0.05)	(0.06)	0.02	1.86	(1.23)	2.21	(2.13)	16.23
HPE	1.59	0.47	0.35	0.54	0.83	(1.90)	5.01	(2.11)	13.76
LITE	2.10	0.87	0.51	0.80	1.08	(2.69)	6.40	(3.54)	14.73
EXTR	1.75	0.40	0.30	0.39	1.11	(2.09)	4.64	(2.37)	9.52
NTGR	2.02	0.21	0.11	0.32	1.74	(2.64)	5.16	(2.66)	22.43
INFN	0.23	0.00	(0.39)	(0.36)	0.26	(0.29)	0.46	(0.45)	1.52

Cisco Systems Corporate Management

Bryan Jones	SVP Marketing	Profile
Kip Compton	Operations, Strategy	Profile
Tadhg Bourke	Senior Communities	Profile
Deborah Stahlkopf	Executive Officer	Profile
Ambika Kapur	Senior Success	Profile
Maria Poveromo	Senior Officer	Profile
Marilyn Mora	Director Relations	Profile

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