ADTRAN Correlations

ADTN Stock

USD 9.42 0.03 0.32%

The current 90-days correlation between ADTRAN Inc and Kimball Electronics is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ADTRAN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADTRAN Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ADTRAN Correlation With Market

Very weak diversification

The correlation between ADTRAN Inc and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ADTRAN Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ADTRAN Stock

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

Moving together with ADTRAN Stock

0.74	LPL	LG Display Earnings Call Tomorrow	Pair Corr
0.81	GILT	Gilat Satellite Networks	Pair Corr
0.81	LITE	Lumentum Holdings	Pair Corr
0.68	RGTIW	Rigetti Computing Downward Rally	Pair Corr
0.71	QUBT	Quantum Computing Downward Rally	Pair Corr
0.7	RGTI	Rigetti Computing Aggressive Push	Pair Corr
0.79	AVNW	Aviat Networks	Pair Corr
0.73	CRNT	Ceragon Networks	Pair Corr
0.82	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.76	VRRM	Verra Mobility Corp	Pair Corr
0.83	ENLV	Enlivex Therapeutics	Pair Corr
0.76	FRGE	Forge Global Holdings	Pair Corr
0.75	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.84	INTC	Intel Earnings Call This Week	Pair Corr
0.85	ITRN	Ituran Location	Pair Corr
0.63	ALLT	Allot Communications	Pair Corr
0.84	AMBA	Ambarella	Pair Corr
0.91	CAMT	Camtek	Pair Corr
0.76	GITS	Global Interactive Symbol Change	Pair Corr
0.76	PFE	Pfizer Inc	Pair Corr
0.89	CAT	Caterpillar	Pair Corr
0.85	AXP	American Express	Pair Corr
0.72	DIS	Walt Disney	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr

Moving against ADTRAN Stock

0.56	QMCO	Quantum	Pair Corr
0.61	MCD	McDonalds	Pair Corr
0.54	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.48	KO	Coca Cola Earnings Call Today	Pair Corr
0.44	07274NBG7	BAYNGR 5 15	Pair Corr
0.42	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	FN	KE	KN	UI	DSWL	AMPGW	VRME	VSAT	EBON
FN		0.82	0.88	0.7	0.85	0.45	0.42	0.93	0.4	FN
KE	0.82		0.9	0.86	0.63	0.52	0.59	0.72	0.34	KE
KN	0.88	0.9		0.82	0.71	0.44	0.64	0.82	0.41	KN
UI	0.7	0.86	0.82		0.59	0.51	0.54	0.57	0.52	UI
DSWL	0.85	0.63	0.71	0.59		0.43	0.17	0.87	0.53	DSWL
AMPGW	0.45	0.52	0.44	0.51	0.43		0.11	0.32	0.29	AMPGW
VRME	0.42	0.59	0.64	0.54	0.17	0.11		0.3	0.14	VRME
VSAT	0.93	0.72	0.82	0.57	0.87	0.32	0.3		0.36	VSAT
EBON	0.4	0.34	0.41	0.52	0.53	0.29	0.14	0.36		EBON
	FN	KE	KN	UI	DSWL	AMPGW	VRME	VSAT	EBON

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Risk-Adjusted Indicators

There is a big difference between ADTRAN Stock performing well and ADTRAN 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 ADTRAN'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
FN	2.01	0.56	0.27	0.48	1.88	(2.47)	5.54	(2.71)	13.79
KE	1.74	0.44	0.29	0.49	1.08	(2.15)	3.48	(2.58)	28.41
KN	1.36	0.18	0.13	0.29	1.26	(1.54)	2.92	(2.13)	8.94
UI	2.19	0.38	0.17	0.41	2.11	(2.45)	5.00	(3.41)	24.70
DSWL	1.79	0.57	0.22	(25.97)	1.36	(2.53)	5.24	(2.52)	10.75
AMPGW	8.99	1.33	0.11	0.74	9.88	(12.63)	25.93	(13.64)	67.35
VRME	2.56	0.15	0.02	0.46	3.17	(3.61)	6.49	(5.97)	30.60
VSAT	2.82	0.84	0.23	1.81	2.65	(3.62)	7.79	(4.94)	18.36
EBON	3.31	0.53	0.17	0.52	2.78	(4.07)	8.22	(5.21)	43.59

ADTRAN Corporate Management

James Wilson	Sr. VP of Technology and Strategy	Profile
Keith Atwell	Head Development	Profile
Timothy CPA	Principal Finance	Profile
Ronan Kelly	Chief Regions	Profile
Christoph Glingener	Chief Officer	Profile

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