Gen Digital Correlations

GEN Stock

USD 27.43 0.06 0.22%

The current 90-days correlation between Gen Digital and F5 Networks is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gen Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gen Digital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Gen Digital Correlation With Market

Very weak diversification

The correlation between Gen Digital and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gen Digital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gen Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gen Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.

To learn how to invest in Gen Stock, please use our How to Invest in Gen Digital guide.

Moving together with Gen Stock

0.79	DV	DoubleVerify Holdings	Pair Corr
0.74	JG	Aurora Mobile	Pair Corr
0.64	DMRC	Digimarc	Pair Corr
0.85	EXFY	Expensify	Pair Corr
0.69	VYX	NCR Voyix	Pair Corr
0.61	ERD	Eroad	Pair Corr
0.81	IAM	Income Asset Management	Pair Corr

Moving against Gen Stock

0.46	FICO	Fair Isaac	Pair Corr
0.33	MRT	Marti Technologies	Pair Corr
0.57	LNU	Linius Technologies	Pair Corr
0.55	601360	360 Security Technology	Pair Corr
0.49	ZPTA	Zapata Computing Holdings	Pair Corr
0.41	300659	Zhongfu Information	Pair Corr

Related Correlations Analysis

	FFIV	GDDY	OKTA	KSPI	CPAY	DT	RBRK	AKAM	U	CHKP
FFIV		0.7	0.81	0.63	0.31	0.64	0.58	-0.7	-0.05	0.49	FFIV
GDDY	0.7		0.66	0.87	0.35	0.54	0.25	-0.49	0.26	0.55	GDDY
OKTA	0.81	0.66		0.59	0.24	0.75	0.74	-0.69	0.09	0.7	OKTA
KSPI	0.63	0.87	0.59		0.58	0.32	0.28	-0.29	0.49	0.44	KSPI
CPAY	0.31	0.35	0.24	0.58		-0.24	0.41	0.24	0.74	0.08	CPAY
DT	0.64	0.54	0.75	0.32	-0.24		0.34	-0.81	-0.41	0.54	DT
RBRK	0.58	0.25	0.74	0.28	0.41	0.34		-0.35	0.27	0.5	RBRK
AKAM	-0.7	-0.49	-0.69	-0.29	0.24	-0.81	-0.35		0.35	-0.36	AKAM
U	-0.05	0.26	0.09	0.49	0.74	-0.41	0.27	0.35		0.05	U
CHKP	0.49	0.55	0.7	0.44	0.08	0.54	0.5	-0.36	0.05		CHKP
	FFIV	GDDY	OKTA	KSPI	CPAY	DT	RBRK	AKAM	U	CHKP

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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

KSPI	+ 0.87	GDDY
OKTA	+ 0.81	FFIV
DT	+ 0.75	OKTA
RBRK	+ 0.74	OKTA
U	+ 0.74	CPAY
GDDY	+ 0.7	FFIV

High negative correlations

AKAM	- 0.81	DT
AKAM	- 0.7	FFIV
AKAM	- 0.69	OKTA
AKAM	- 0.49	GDDY
U	- 0.41	DT
CHKP	- 0.36	AKAM

Risk-Adjusted Indicators

There is a big difference between Gen Stock performing well and Gen Digital 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 Gen Digital's 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
FFIV	1.57	(0.42)	0.00	(0.35)	0.00	0.00	2.68	(3.62)	14.28
GDDY	1.17	(0.32)	0.00	(0.31)	0.00	0.00	2.12	(3.27)	8.52
OKTA	1.36	(0.11)	0.00	(0.02)	0.00	0.00	3.52	(3.01)	8.63
KSPI	1.32	(0.24)	0.00	(0.11)	0.00	0.00	3.31	(2.60)	8.17
CPAY	1.44	(0.07)	(0.02)	0.02	1.96	(1.52)	3.76	(3.57)	8.99
DT	1.28	(0.14)	0.00	(0.14)	0.00	0.00	2.68	(2.81)	8.63
RBRK	2.51	0.04	0.02	0.10	2.89	(2.65)	5.59	(4.65)	25.64
AKAM	1.51	0.07	0.04	0.13	1.60	(1.61)	2.86	(2.99)	18.30
U	3.10	0.02	0.03	0.08	3.75	(3.18)	7.12	(6.75)	25.31
CHKP	1.21	(0.09)	0.00	(0.04)	0.00	0.00	1.92	(2.65)	9.26

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