F5 Networks Correlations

FFIV Stock

USD 301.63 2.26 0.75%

The current 90-days correlation between F5 Networks and Akamai Technologies is 0.54 (i.e., Very weak 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 0.58 (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 gross domestic product.

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

Moving together with FFIV Stock

0.7	DSWL	Deswell Industries	Pair Corr
0.85	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.9	VSH	Vishay Intertechnology	Pair Corr
0.92	WDC	Western Digital Earnings Call Tomorrow	Pair Corr
0.95	LASR	nLIGHT Inc	Pair Corr
0.97	NTAP	NetApp Inc	Pair Corr
0.9	PSTG	Pure Storage	Pair Corr
0.81	RDCM	Radcom Earnings Call This Week	Pair Corr
0.88	SMCI	Super Micro Computer Earnings Call This Week	Pair Corr
0.78	BKSY	Blacksky Technology	Pair Corr
0.88	BOSC	BOS Better Online	Pair Corr
0.95	CSCO	Cisco Systems	Pair Corr
0.94	DELL	Dell Technologies	Pair Corr
0.62	DQ	Daqo New Energy Earnings Call This Week	Pair Corr
0.89	MU	Micron Technology Sell-off Trend	Pair Corr
0.91	MX	MagnaChip Semiconductor Earnings Call This Week	Pair Corr
0.89	ON	ON Semiconductor	Pair Corr
0.65	VRNT	Verint Systems	Pair Corr
0.92	ADI	Analog Devices	Pair Corr
0.86	AMD	Advanced Micro Devices Earnings Call This Week	Pair Corr
0.88	ARM	Arm Holdings plc Earnings Call Tomorrow	Pair Corr
0.91	ARW	Arrow Electronics Earnings Call Tomorrow	Pair Corr
0.91	ASX	ASE Industrial Holding	Pair Corr
0.91	FORM	FormFactor Earnings Call Today	Pair Corr
0.84	GFS	Globalfoundries Earnings Call This Week	Pair Corr
0.86	IBM	International Business	Pair Corr

Moving against FFIV Stock

0.85	MPTI	M tron Industries,	Pair Corr
0.32	NNDM	Nano Dimension	Pair Corr

Related Correlations Analysis

	AKAM	CHKP	VRSN	QLYS	JNPR	NTAP	CTSH
AKAM		-0.12	0.49	-0.08	-0.15	-0.06	-0.09	AKAM
CHKP	-0.12		0.34	0.61	0.23	0.51	0.65	CHKP
VRSN	0.49	0.34		0.56	0.19	0.63	0.36	VRSN
QLYS	-0.08	0.61	0.56		0.33	0.92	0.65	QLYS
JNPR	-0.15	0.23	0.19	0.33		0.42	-0.08	JNPR
NTAP	-0.06	0.51	0.63	0.92	0.42		0.5	NTAP
CTSH	-0.09	0.65	0.36	0.65	-0.08	0.5		CTSH
	AKAM	CHKP	VRSN	QLYS	JNPR	NTAP	CTSH

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

NTAP	+ 0.92	QLYS
CTSH	+ 0.65	CHKP
CTSH	+ 0.65	QLYS
NTAP	+ 0.63	VRSN
QLYS	+ 0.61	CHKP
QLYS	+ 0.56	VRSN

High negative correlations

JNPR	- 0.15	AKAM
CHKP	- 0.12	AKAM
CTSH	- 0.09	AKAM
CTSH	- 0.08	JNPR
QLYS	- 0.08	AKAM
NTAP	- 0.06	AKAM

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	1.15	(0.11)	(0.02)	0.12	2.01	(1.16)	3.11	(1.89)	15.15
CHKP	1.16	(0.01)	(0.08)	0.18	1.56	(1.16)	2.36	(2.60)	7.15
VRSN	1.04	0.27	0.10	1.10	0.88	(1.15)	1.89	(1.54)	11.65
QLYS	1.23	(0.02)	0.01	0.19	1.38	(1.27)	3.16	(2.14)	8.67
JNPR	0.69	0.22	(0.04)	(0.51)	0.70	(0.82)	1.74	(0.85)	5.02
NTAP	1.19	0.09	0.15	0.27	0.78	(1.38)	3.70	(1.78)	8.33
CTSH	0.97	(0.08)	(0.03)	0.13	1.24	(1.01)	2.25	(1.79)	7.97

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

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