Ciena Corp Correlations

Stocks . USA . 
Stock . Ciena Corp
CIEN Stock  USD 84.81  2.20  2.66%   
The current 90-days correlation between Ciena Corp and Juniper Networks is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ciena Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ciena Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ciena Corp Correlation With Market

Very good diversification

The correlation between Ciena Corp and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ciena Corp and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Ciena Stock
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciena Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.

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Risk-Adjusted Indicators

There is a big difference between Ciena Stock performing well and Ciena Corp 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 Ciena Corp'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.

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