Cisco Systems Correlations

CSCO Stock

USD 77.80 1.47 1.85%

The current 90-days correlation between Cisco Systems and International Business Machines is 0.14 (i.e., Average 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

Modest diversification

The correlation between Cisco Systems and DJI is 0.21 (i.e., Modest 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 private.

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

Moving together with Cisco Stock

0.91	002935	Chengdu Spaceon Elec	Pair Corr
0.79	002861	Hubei Yingtong Telec	Pair Corr
0.67	688387	CICT Mobile Communication	Pair Corr
0.8	688175	Zhuhai Comleader Inf	Pair Corr
0.75	002792	Tongyu Communication	Pair Corr
0.84	MKSI	MKS Instruments	Pair Corr
0.79	CUB	Lionheart Holdings	Pair Corr
0.74	MMLTF	MMG Limited	Pair Corr
0.8	COHN	Cohen Company Normal Trading	Pair Corr
0.89	ARR	ARMOUR Residential REIT	Pair Corr
0.79	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.76	IBM	International Business	Pair Corr

Moving against Cisco Stock

0.94	KG	Kestrel Group, Symbol Change	Pair Corr
0.71	002231	Allwin Telecommunicatio	Pair Corr
0.71	603236	Quectel Wireless Sol	Pair Corr
0.64	300322	Huizhou Speed Wireless	Pair Corr
0.63	600498	Fiberhome Telecommunicatio	Pair Corr
0.58	300050	Dingli Communications	Pair Corr
0.47	002115	Sunwave Communications	Pair Corr
0.42	300366	Sichuan Troy Information	Pair Corr
0.4	300638	Fibocom Wireless	Pair Corr
0.38	002465	Guangzhou Haige Comm	Pair Corr
0.89	HD	Home Depot	Pair Corr
0.76	DOX	Amdocs	Pair Corr
0.76	PG	Procter Gamble	Pair Corr
0.75	DIS	Walt Disney	Pair Corr
0.72	BA	Boeing	Pair Corr
0.65	MSFT	Microsoft	Pair Corr
0.51	CVX	Chevron Corp	Pair Corr
0.35	SUME	Summer Energy Holdings	Pair Corr

Related Correlations Analysis

	IBM	SAP	MU	CRM	MSI	UBER	LRCX	AMAT	QCOM	ANET
IBM		-0.43	0.9	0.19	-0.8	-0.47	0.94	0.84	0.66	-0.31	IBM
SAP	-0.43		-0.53	0.35	0.8	0.72	-0.34	-0.43	-0.07	0.83	SAP
MU	0.9	-0.53		0.2	-0.87	-0.6	0.93	0.87	0.58	-0.43	MU
CRM	0.19	0.35	0.2		0.08	0.22	0.3	0.24	0.64	0.44	CRM
MSI	-0.8	0.8	-0.87	0.08		0.77	-0.77	-0.81	-0.38	0.73	MSI
UBER	-0.47	0.72	-0.6	0.22	0.77		-0.44	-0.59	-0.02	0.76	UBER
LRCX	0.94	-0.34	0.93	0.3	-0.77	-0.44		0.9	0.69	-0.25	LRCX
AMAT	0.84	-0.43	0.87	0.24	-0.81	-0.59	0.9		0.54	-0.42	AMAT
QCOM	0.66	-0.07	0.58	0.64	-0.38	-0.02	0.69	0.54		0.08	QCOM
ANET	-0.31	0.83	-0.43	0.44	0.73	0.76	-0.25	-0.42	0.08		ANET
	IBM	SAP	MU	CRM	MSI	UBER	LRCX	AMAT	QCOM	ANET

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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

LRCX	+ 0.94	IBM
LRCX	+ 0.93	MU
MU	+ 0.9	IBM
AMAT	+ 0.9	LRCX
AMAT	+ 0.87	MU
AMAT	+ 0.84	IBM

High negative correlations

MSI	- 0.87	MU
AMAT	- 0.81	MSI
MSI	- 0.8	IBM
LRCX	- 0.77	MSI
UBER	- 0.6	MU
AMAT	- 0.59	UBER

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
IBM	1.28	0.22	0.15	0.26	1.32	(1.40)	2.29	(2.43)	11.09
SAP	1.09	(0.15)	0.00	(0.08)	0.00	0.00	1.62	(2.75)	7.04
MU	3.05	0.65	0.18	0.41	3.40	(3.25)	6.46	(5.58)	19.80
CRM	1.57	0.03	0.02	0.10	1.98	(1.60)	3.66	(2.72)	9.91
MSI	0.93	(0.48)	0.00	(0.80)	0.00	0.00	1.09	(3.31)	7.63
UBER	1.57	(0.21)	0.00	(0.16)	0.00	0.00	3.34	(4.99)	10.91
LRCX	2.33	0.39	0.14	0.25	2.85	(2.39)	4.90	(5.01)	13.48
AMAT	2.19	0.56	0.21	0.40	2.19	(2.30)	5.00	(4.04)	12.68
QCOM	1.59	0.05	0.05	0.09	2.22	(1.64)	3.53	(3.93)	15.46
ANET	2.30	(0.36)	0.00	(0.21)	0.00	0.00	4.04	(5.87)	16.86

Cisco Systems Corporate Management

Bryan Jones	SVP Marketing	Profile
Kip Compton	Operations, Strategy	Profile
Oliver Tuszik	Executive Officer	Profile
Jacqueline Guichelaar	Japan, Pacific	Profile
Tadhg Bourke	Senior Communities	Profile
Deborah Stahlkopf	Executive Officer	Profile
Ambika Kapur	Senior Success	Profile

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