F5 Networks Correlations

FFIV Stock

USD 317.23 3.00 0.95%

The current 90-days correlation between F5 Networks and Akamai Technologies is 0.26 (i.e., Modest diversification). The correlation of F5 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.

F5 Networks Correlation With Market

Very weak diversification

The correlation between F5 Networks and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding F5 Networks and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FFIV Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in F5 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 inflation.

For more information on how to buy FFIV Stock please use our How to Invest in F5 Networks guide.

Moving together with FFIV Stock

0.89	CLS	Celestica	Pair Corr
0.63	JBL	Jabil Circuit	Pair Corr
0.89	WDC	Western Digital	Pair Corr
0.86	LASR	nLIGHT Inc	Pair Corr
0.79	AAPL	Apple Inc	Pair Corr
0.72	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.85	DELL	Dell Technologies Earnings Call This Week	Pair Corr
0.75	DQ	Daqo New Energy Earnings Call This Week	Pair Corr
0.67	ELWS	Earlyworks Co,	Pair Corr
0.74	ENLV	Enlivex Therapeutics	Pair Corr
0.84	AMD	Advanced Micro Devices	Pair Corr

Moving against FFIV Stock

0.75	NTGR	NETGEAR	Pair Corr
0.73	KULR	KULR Technology Group Downward Rally	Pair Corr
0.55	FKWL	Franklin Wireless Corp Tech Boost	Pair Corr
0.46	UKOMW	Ucommune International	Pair Corr
0.46	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.34	CLRO	ClearOne	Pair Corr
0.75	DT	Dynatrace Holdings LLC	Pair Corr
0.73	ANY	Sphere 3D Corp	Pair Corr
0.7	MX	MagnaChip Semiconductor	Pair Corr
0.52	S	SentinelOne Earnings Call This Week	Pair Corr
0.51	FORM	FormFactor	Pair Corr

Related Correlations Analysis

	AKAM	CHKP	VRSN	QLYS	JNPR	NTAP	CTSH
AKAM		0.68	0.77	0.79	-0.05	0.06	0.62	AKAM
CHKP	0.68		0.62	0.81	-0.52	-0.42	0.92	CHKP
VRSN	0.77	0.62		0.64	-0.02	0.08	0.5	VRSN
QLYS	0.79	0.81	0.64		-0.3	-0.07	0.8	QLYS
JNPR	-0.05	-0.52	-0.02	-0.3		0.56	-0.53	JNPR
NTAP	0.06	-0.42	0.08	-0.07	0.56		-0.5	NTAP
CTSH	0.62	0.92	0.5	0.8	-0.53	-0.5		CTSH
	AKAM	CHKP	VRSN	QLYS	JNPR	NTAP	CTSH

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

CTSH	+ 0.92	CHKP
QLYS	+ 0.81	CHKP
CTSH	+ 0.8	QLYS
QLYS	+ 0.79	AKAM
VRSN	+ 0.77	AKAM
CHKP	+ 0.68	AKAM

High negative correlations

CTSH	- 0.53	JNPR
JNPR	- 0.52	CHKP
CTSH	- 0.5	NTAP
NTAP	- 0.42	CHKP
JNPR	- 0.3	QLYS
NTAP	- 0.07	QLYS

Risk-Adjusted Indicators

There is a big difference between FFIV Stock performing well and F5 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 F5 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
AKAM	1.08	(0.10)	0.00	(0.02)	0.00	0.00	2.15	(2.45)	9.50
CHKP	1.32	(0.26)	0.00	(0.27)	0.00	0.00	2.36	(2.60)	17.82
VRSN	1.13	(0.08)	0.00	(0.08)	0.00	0.00	1.70	(2.44)	15.99
QLYS	1.28	(0.15)	0.00	(0.05)	0.00	0.00	2.64	(2.92)	8.32
JNPR	0.69	0.17	0.11	(1.20)	0.70	(0.82)	1.74	(0.85)	5.02
NTAP	1.08	0.02	0.03	0.07	1.15	(1.19)	2.42	(2.34)	7.96
CTSH	1.03	(0.27)	0.00	(0.18)	0.00	0.00	1.82	(2.40)	7.12

F5 Networks Corporate Management

Scot Rogers	Executive VP, General Counsel and Assistant Secretary	Profile
Scot JD	General VP	Profile
Thomas Fountain	Executive Officer	Profile
Lyra Schramm	Executive Officer	Profile
Adam Judd	China Pacific	Profile
Chad Esq	Executive Officer	Profile

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