NETGEAR Correlations

NTGR Stock

USD 27.79 0.91 3.17%

The current 90-days correlation between NETGEAR and Knowles Cor is 0.36 (i.e., Weak diversification). The correlation of NETGEAR 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.

NETGEAR Correlation With Market

Weak diversification

The correlation between NETGEAR and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NETGEAR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NETGEAR Stock

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

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

Moving together with NETGEAR Stock

0.62	LPL	LG Display Earnings Call This Week	Pair Corr
0.69	LITE	Lumentum Holdings	Pair Corr
0.64	RGTIW	Rigetti Computing Trending	Pair Corr
0.75	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.65	RGTI	Rigetti Computing Trending	Pair Corr
0.73	AVNW	Aviat Networks	Pair Corr
0.8	CRNT	Ceragon Networks	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.76	VRRM	Verra Mobility Corp	Pair Corr
0.63	IBM	International Business Earnings Call This Week	Pair Corr
0.78	ITRN	Ituran Location	Pair Corr
0.83	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.72	ALLT	Allot Communications	Pair Corr
0.73	AMBA	Ambarella	Pair Corr
0.7	BFDE	Bedford Energy	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.79	AXP	American Express	Pair Corr
0.8	DIS	Walt Disney	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr

Moving against NETGEAR Stock

0.45	KO	Coca Cola Earnings Call This Week	Pair Corr
0.44	FVR	FrontView REIT,	Pair Corr
0.38	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	KN	EXTR	KVHI	CMTL	SATS	CPRT	DLB	ADTN	NTCT
KN		0.93	0.72	0.84	0.47	-0.65	0.49	0.78	0.82	KN
EXTR	0.93		0.81	0.9	0.39	-0.73	0.36	0.77	0.92	EXTR
KVHI	0.72	0.81		0.8	0.29	-0.71	0.22	0.54	0.82	KVHI
CMTL	0.84	0.9	0.8		0.43	-0.85	0.17	0.77	0.81	CMTL
SATS	0.47	0.39	0.29	0.43		-0.34	0.01	0.7	0.22	SATS
CPRT	-0.65	-0.73	-0.71	-0.85	-0.34		0.16	-0.61	-0.65	CPRT
DLB	0.49	0.36	0.22	0.17	0.01	0.16		0.3	0.33	DLB
ADTN	0.78	0.77	0.54	0.77	0.7	-0.61	0.3		0.59	ADTN
NTCT	0.82	0.92	0.82	0.81	0.22	-0.65	0.33	0.59		NTCT
	KN	EXTR	KVHI	CMTL	SATS	CPRT	DLB	ADTN	NTCT

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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

EXTR	+ 0.93	KN
NTCT	+ 0.92	EXTR
CMTL	+ 0.9	EXTR
CMTL	+ 0.84	KN
NTCT	+ 0.82	KN
NTCT	+ 0.82	KVHI

High negative correlations

CPRT	- 0.85	CMTL
CPRT	- 0.73	EXTR
CPRT	- 0.71	KVHI
NTCT	- 0.65	CPRT
CPRT	- 0.65	KN
ADTN	- 0.61	CPRT

Risk-Adjusted Indicators

There is a big difference between NETGEAR Stock performing well and NETGEAR 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 NETGEAR'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
KN	1.37	0.15	0.11	0.26	1.28	(1.55)	2.92	(2.13)	8.94
EXTR	1.78	0.64	0.32	10.43	1.12	(2.16)	4.64	(2.37)	9.52
KVHI	1.18	0.15	0.01	8.00	1.22	(1.55)	4.32	(2.21)	9.24
CMTL	4.31	0.79	0.16	0.58	4.94	(4.96)	11.73	(6.73)	30.00
SATS	4.26	0.50	0.08	0.68	4.87	(4.57)	13.16	(8.52)	53.06
CPRT	1.09	(0.50)	0.00	(0.45)	0.00	0.00	1.51	(2.61)	14.38
DLB	0.94	(0.08)	(0.10)	0.03	1.02	(1.08)	2.09	(1.63)	4.79
ADTN	2.07	0.38	0.11	(7.79)	1.96	(2.50)	5.11	(3.36)	12.57
NTCT	1.19	0.18	0.04	1.63	1.25	(1.47)	2.49	(1.89)	12.35

NETGEAR Corporate Management

Andrew Kim	Sr. VP of Corporate Devel., General Counsel and Corporate Secretary	Profile
Martin Westhead	Chief Software	Profile
Kirsten Daru	General Officer	Profile
Bryan CPA	Chief Officer	Profile

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