Extreme Networks Correlations

EXTR Stock

USD 17.48 0.43 2.52%

The current 90-days correlation between Extreme Networks and NETGEAR is 0.03 (i.e., Significant diversification). The correlation of Extreme Networks 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Extreme Networks Correlation With Market

Significant diversification

The correlation between Extreme Networks and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Extreme Networks and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Extreme Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extreme Networks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Extreme Stock, please use our How to Invest in Extreme Networks guide.

Moving together with Extreme Stock

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

Moving against Extreme Stock

0.41	QMCO	Quantum	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.56	KO	Coca Cola Earnings Call This Week	Pair Corr
0.48	07274NBG7	BAYNGR 5 15	Pair Corr
0.43	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	NTGR	HLIT	JNPR	DGII	CLFD	CIEN	FFIV	NTAP
NTGR		0.56	0.33	0.84	0.79	0.88	0.77	0.82	NTGR
HLIT	0.56		0.18	0.61	0.55	0.51	0.56	0.53	HLIT
JNPR	0.33	0.18		0.46	0.58	0.52	0.58	0.53	JNPR
DGII	0.84	0.61	0.46		0.95	0.82	0.93	0.95	DGII
CLFD	0.79	0.55	0.58	0.95		0.86	0.97	0.98	CLFD
CIEN	0.88	0.51	0.52	0.82	0.86		0.8	0.86	CIEN
FFIV	0.77	0.56	0.58	0.93	0.97	0.8		0.97	FFIV
NTAP	0.82	0.53	0.53	0.95	0.98	0.86	0.97		NTAP
	NTGR	HLIT	JNPR	DGII	CLFD	CIEN	FFIV	NTAP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Extreme Stock performing well and Extreme Networks 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 Extreme Networks' 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
NTGR	2.02	0.21	0.11	0.32	1.74	(2.64)	5.16	(2.66)	22.43
HLIT	1.68	(0.12)	(0.02)	0.05	2.58	(1.70)	3.67	(4.28)	16.68
JNPR	0.69	0.17	0.03	(2.72)	0.70	(0.82)	1.74	(0.85)	5.02
DGII	1.39	0.26	0.16	0.38	1.20	(1.55)	2.94	(2.38)	17.79
CLFD	1.68	0.59	0.41	0.61	0.80	(2.01)	4.50	(2.04)	11.21
CIEN	1.70	0.66	0.15	(1.02)	2.41	(1.92)	5.18	(1.83)	19.28
FFIV	1.02	0.09	0.07	0.23	1.03	(1.15)	2.46	(1.81)	6.47
NTAP	1.20	0.27	0.24	0.38	0.71	(1.42)	3.70	(1.64)	8.33

Extreme Networks Corporate Management

Joseph Vitalone	Chief Officer	Profile
Gina Christopher	Deputy Counsel	Profile
Paul Semak	Senior International	Profile
Rmi Thomas	Ex CFO	Profile
Wesley Durow	Chief Officer	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