VeriSign Correlations

VRSN Stock

USD 240.20 15.23 5.96%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VeriSign moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VeriSign moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VeriSign Correlation With Market

Poor diversification

The correlation between VeriSign and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VeriSign and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with VeriSign Stock

0.65	MQ	Marqeta	Pair Corr
0.77	EVTC	Evertec	Pair Corr
0.84	DOX	Amdocs	Pair Corr
0.9	XNET	Xunlei Ltd Adr	Pair Corr

Moving against VeriSign Stock

0.88	AI	C3 Ai Inc	Pair Corr
0.86	VRAR	Glimpse Group	Pair Corr
0.82	VRNT	Verint Systems	Pair Corr
0.76	VRNS	Varonis Systems	Pair Corr
0.75	FIVN	Five9 Inc	Pair Corr
0.73	S	SentinelOne	Pair Corr
0.65	DVLT	Datavault AI Symbol Change	Pair Corr
0.63	FLYW	Flywire Corp	Pair Corr
0.61	VERI	Veritone	Pair Corr
0.61	FAASW	DigiAsia Corp	Pair Corr
0.54	FAAS	DigiAsia Corp	Pair Corr
0.47	NN	Nextnav Acquisition Corp	Pair Corr
0.4	FMTO	Femto Technologies Symbol Change	Pair Corr
0.38	EVCM	EverCommerce	Pair Corr
0.93	RPD	Rapid7 Inc	Pair Corr
0.82	OLB	OLB Group	Pair Corr
0.64	TDC	Teradata Corp	Pair Corr
0.62	HCP	Hashicorp	Pair Corr
0.6	WIX	WixCom	Pair Corr
0.59	MDB	MongoDB	Pair Corr
0.55	LIDRW	AEye Inc	Pair Corr
0.52	DBX	Dropbox	Pair Corr
0.52	RXT	Rackspace Technology	Pair Corr
0.5	GDDY	Godaddy	Pair Corr
0.43	TLS	Telos Corp	Pair Corr
0.42	DLO	Dlocal	Pair Corr
0.42	IOT	Samsara	Pair Corr

Related Correlations Analysis

	FLT	AKAM	CHKP	QLYS	FFIV	CYBR	DOX	WEX	CSGS	SQSP
FLT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FLT
AKAM	0.0		-0.17	0.69	0.58	0.68	-0.21	0.57	-0.08	0.0	AKAM
CHKP	0.0	-0.17		-0.44	0.39	0.16	0.86	-0.28	0.87	0.0	CHKP
QLYS	0.0	0.69	-0.44		0.45	0.66	-0.34	0.41	-0.31	0.0	QLYS
FFIV	0.0	0.58	0.39	0.45		0.88	0.24	0.14	0.61	0.0	FFIV
CYBR	0.0	0.68	0.16	0.66	0.88		0.08	0.23	0.36	0.0	CYBR
DOX	0.0	-0.21	0.86	-0.34	0.24	0.08		-0.18	0.67	0.0	DOX
WEX	0.0	0.57	-0.28	0.41	0.14	0.23	-0.18		-0.32	0.0	WEX
CSGS	0.0	-0.08	0.87	-0.31	0.61	0.36	0.67	-0.32		0.0	CSGS
SQSP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SQSP
	FLT	AKAM	CHKP	QLYS	FFIV	CYBR	DOX	WEX	CSGS	SQSP

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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

CYBR	+ 0.88	FFIV
CSGS	+ 0.87	CHKP
DOX	+ 0.86	CHKP
QLYS	+ 0.69	AKAM
CYBR	+ 0.68	AKAM
CSGS	+ 0.67	DOX

High negative correlations

QLYS	- 0.44	CHKP
DOX	- 0.34	QLYS
CSGS	- 0.32	WEX
CSGS	- 0.31	QLYS
WEX	- 0.28	CHKP
DOX	- 0.21	AKAM

Risk-Adjusted Indicators

There is a big difference between VeriSign Stock performing well and VeriSign 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 VeriSign'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
FLT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AKAM	1.88	(0.09)	0.00	(0.22)	0.00	0.00	2.63	(4.16)	25.79
CHKP	1.30	0.35	0.27	0.27	1.23	(1.44)	2.71	(1.98)	9.54
QLYS	1.52	(0.09)	0.00	(0.26)	0.00	0.00	2.64	(3.66)	8.45
FFIV	1.44	0.13	0.00	(0.05)	0.00	0.00	2.10	(3.31)	19.37
CYBR	1.97	0.19	0.00	(0.03)	0.00	0.00	4.46	(5.13)	15.53
DOX	0.92	0.11	0.00	(0.02)	0.00	0.00	1.67	(2.38)	5.31
WEX	1.98	(0.24)	0.00	(0.32)	0.00	0.00	2.91	(2.96)	21.56
CSGS	1.29	0.23	0.25	5.16	1.30	(1.34)	2.82	(2.16)	8.74
SQSP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

VeriSign Corporate Management

Danny McPherson	Executive Officer	Profile
Patrick Kane	Senior Services	Profile
Scott Schnell	Senior Advisor	Profile
Jacquelyn Stewart	Senior Counsel	Profile
Ellen Petrocci	Senior Resources	Profile

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