Infinera Correlations

Summary

INFNDelisted Stock

USD 6.64 0.02 0.30%

The current 90-days correlation between Infinera and Lumentum Holdings is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Infinera moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Infinera moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Infinera Correlation With Market

Significant diversification

The correlation between Infinera and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Infinera and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Infinera Stock

0.61	CVX	Chevron Corp	Pair Corr
0.62	MRK	Merck Company	Pair Corr
0.64	XOM	Exxon Mobil Corp	Pair Corr

Moving against Infinera Stock

0.52	MCD	McDonalds	Pair Corr
0.51	PBCRF	PT Bank Central Earnings Call This Week	Pair Corr
0.51	PG	Procter Gamble	Pair Corr
0.51	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	JNPR	LITE	EXTR	CLFD	VIAV	CIEN	AAOI	CMTL	DZSI	KVHI
JNPR		0.62	0.49	0.58	0.08	0.5	0.58	0.59	0.0	0.44	JNPR
LITE	0.62		0.95	0.96	0.1	0.79	0.91	0.91	0.0	0.8	LITE
EXTR	0.49	0.95		0.98	-0.02	0.85	0.84	0.89	0.0	0.8	EXTR
CLFD	0.58	0.96	0.98		0.0	0.85	0.87	0.92	0.0	0.82	CLFD
VIAV	0.08	0.1	-0.02	0.0		-0.18	0.35	0.14	0.0	-0.01	VIAV
CIEN	0.5	0.79	0.85	0.85	-0.18		0.73	0.71	0.0	0.68	CIEN
AAOI	0.58	0.91	0.84	0.87	0.35	0.73		0.86	0.0	0.65	AAOI
CMTL	0.59	0.91	0.89	0.92	0.14	0.71	0.86		0.0	0.8	CMTL
DZSI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	DZSI
KVHI	0.44	0.8	0.8	0.82	-0.01	0.68	0.65	0.8	0.0		KVHI
	JNPR	LITE	EXTR	CLFD	VIAV	CIEN	AAOI	CMTL	DZSI	KVHI

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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

CLFD	+ 0.98	EXTR
CLFD	+ 0.96	LITE
EXTR	+ 0.95	LITE
CMTL	+ 0.92	CLFD
AAOI	+ 0.91	LITE
CMTL	+ 0.91	LITE

High negative correlations

CIEN	- 0.18	VIAV
VIAV	- 0.02	EXTR
KVHI	- 0.01	VIAV
KVHI	- 0.0	DZSI
DZSI	- 0.0	CMTL
DZSI	- 0.0	AAOI

Risk-Adjusted Indicators

There is a big difference between Infinera Stock performing well and Infinera 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 Infinera'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
JNPR	0.69	0.17	0.03	(2.72)	0.70	(0.82)	1.74	(0.85)	5.02
LITE	2.10	0.87	0.51	0.80	1.08	(2.69)	6.40	(3.54)	14.73
EXTR	1.75	0.40	0.30	0.39	1.11	(2.09)	4.64	(2.37)	9.52
CLFD	1.68	0.59	0.41	0.61	0.80	(2.01)	4.50	(2.04)	11.21
VIAV	1.14	(0.06)	(0.04)	0.05	2.60	(1.06)	2.34	(2.01)	15.40
CIEN	1.69	0.42	0.15	0.45	2.41	(1.88)	5.18	(1.83)	19.28
AAOI	4.86	1.16	0.32	0.46	3.99	(5.94)	15.01	(8.57)	34.30
CMTL	4.31	0.79	0.16	0.58	4.94	(4.96)	11.73	(6.73)	30.00
DZSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KVHI	1.18	0.15	0.01	8.00	1.22	(1.55)	4.32	(2.21)	9.24

View Infinera Related Equities

Juniper Networks Lumentum Holdings Extreme Networks Clearfield Viavi Solutions Ciena Corp Applied Opt Comtech Telecommunications Corp DZS Inc KVH Industries Aviat Networks Harmonic Knowles Cor EchoStar AudioCodes

Risk & Return

Correlation

Infinera Corporate Management

Regan MacPherson	Chief Secretary	Profile
Russ Esmacher	Marketing Strategy	Profile
Craig Cocchi	Senior Operations	Profile
David Teichmann	Chief Secretary	Profile
Robert Shore	Senior Marketing	Profile

Still Interested in Infinera?

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