CommScope Holding Correlations

COMM Stock

USD 16.65 0.34 2.08%

The current 90-days correlation between CommScope Holding and Viavi Solutions is 0.55 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CommScope Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CommScope Holding Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CommScope Holding Correlation With Market

Good diversification

The correlation between CommScope Holding Co and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CommScope Holding Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CommScope Stock

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

Moving against CommScope Stock

0.39

PFE

Pfizer Inc

Pair Corr

Related Correlations Analysis

	VIAV	BDC	IPGP	NIQ	PLXS	AVT	BL	PTRN	PAY	AMBA
VIAV		-0.41	0.66	-0.77	0.47	-0.86	0.47	0.06	-0.41	0.65	VIAV
BDC	-0.41		-0.41	0.71	-0.44	0.55	0.37	0.54	0.67	-0.26	BDC
IPGP	0.66	-0.41		-0.71	0.71	-0.5	0.22	-0.1	-0.31	0.64	IPGP
NIQ	-0.77	0.71	-0.71		-0.57	0.79	-0.21	0.25	0.57	-0.53	NIQ
PLXS	0.47	-0.44	0.71	-0.57		-0.28	0.07	-0.6	-0.6	0.76	PLXS
AVT	-0.86	0.55	-0.5	0.79	-0.28		-0.27	-0.01	0.41	-0.47	AVT
BL	0.47	0.37	0.22	-0.21	0.07	-0.27		0.41	0.07	0.4	BL
PTRN	0.06	0.54	-0.1	0.25	-0.6	-0.01	0.41		0.6	-0.27	PTRN
PAY	-0.41	0.67	-0.31	0.57	-0.6	0.41	0.07	0.6		-0.46	PAY
AMBA	0.65	-0.26	0.64	-0.53	0.76	-0.47	0.4	-0.27	-0.46		AMBA
	VIAV	BDC	IPGP	NIQ	PLXS	AVT	BL	PTRN	PAY	AMBA

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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

AVT	+ 0.79	NIQ
AMBA	+ 0.76	PLXS
NIQ	+ 0.71	BDC
PLXS	+ 0.71	IPGP
PAY	+ 0.67	BDC
IPGP	+ 0.66	VIAV

High negative correlations

AVT	- 0.86	VIAV
NIQ	- 0.77	VIAV
NIQ	- 0.71	IPGP
PAY	- 0.6	PLXS
PTRN	- 0.6	PLXS
PLXS	- 0.57	NIQ

Risk-Adjusted Indicators

There is a big difference between CommScope Stock performing well and CommScope Holding 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 CommScope Holding'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
VIAV	1.55	0.85	0.48	(1.47)	0.78	(1.99)	3.03	(2.09)	26.76
BDC	1.37	0.05	(0.04)	(0.14)	1.67	(1.48)	2.78	(2.83)	9.44
IPGP	1.81	0.27	0.07	(1.39)	2.11	(1.94)	4.17	(3.22)	11.41
NIQ	2.06	(0.63)	0.00	(0.33)	0.00	0.00	3.88	(4.65)	11.57
PLXS	1.70	0.20	0.04	(0.96)	2.14	(1.91)	3.54	(2.93)	14.35
AVT	1.21	(0.26)	0.00	(0.07)	0.00	0.00	2.54	(2.40)	10.01
BL	1.48	(0.03)	0.00	0.07	2.20	(1.29)	3.35	(3.79)	7.70
PTRN	3.49	0.25	0.06	0.30	3.52	(3.82)	10.05	(6.05)	21.85
PAY	2.22	0.19	0.05	0.61	2.50	(2.38)	4.45	(4.57)	27.92
AMBA	2.67	0.67	0.15	(0.63)	2.83	(3.25)	7.47	(3.96)	30.30

CommScope Holding Corporate Management

Farid Firouzbakht	Senior Networks	Profile
Steven Bronken	Head Networks	Profile
Bartolomeo Giordano	Intelligent Networking	Profile
Jennifer CPA	Senior Officer	Profile
Upendra Pingle	Senior Networks	Profile
Gonzaga Chow	VP Networks	Profile
Koen Linde	Senior Solutions	Profile

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