Extreme Networks Correlations

EXTR Stock

USD 14.19 0.18 1.28%

The current 90-days correlation between Extreme Networks and Knowles Cor is -0.09 (i.e., Good diversification). The correlation of Extreme Networks 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.

Extreme Networks Correlation With Market

Poor diversification

The correlation between Extreme Networks and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Extreme Networks and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Extreme Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extreme Networks. 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.

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

Moving together with Extreme Stock

0.78	FN	Fabrinet	Pair Corr
0.93	KE	Kimball Electronics	Pair Corr
0.88	KN	Knowles Cor	Pair Corr
0.64	UI	Ubiquiti Networks Earnings Call Tomorrow	Pair Corr
0.73	DSWL	Deswell Industries	Pair Corr
0.7	AMPGW	AmpliTech Group	Pair Corr
0.8	VIAV	Viavi Solutions	Pair Corr
0.84	EBON	Ebang International	Pair Corr
0.73	ELTK	Eltek Tech Boost	Pair Corr
0.87	FLEX	Flex	Pair Corr
0.82	BHE	Benchmark Electronics	Pair Corr
0.89	CDW	CDW Corp Earnings Call Today	Pair Corr
0.78	CLS	Celestica	Pair Corr
0.91	CTS	CTS Corporation	Pair Corr
0.94	GLW	Corning Incorporated	Pair Corr
0.92	HPQ	HP Inc	Pair Corr
0.79	JBL	Jabil Circuit	Pair Corr
0.93	LPL	LG Display	Pair Corr
0.76	MEI	Methode Electronics	Pair Corr
0.9	ROG	Rogers	Pair Corr
0.82	SNT	Senstar Technologies	Pair Corr
0.92	STX	Seagate Technology PLC Tech Boost	Pair Corr
0.9	TEL	TE Connectivity	Pair Corr
0.94	VSH	Vishay Intertechnology Earnings Call Today	Pair Corr
0.64	WBX	Wallbox NV Earnings Call Today	Pair Corr
0.93	WDC	Western Digital	Pair Corr
0.89	GILT	Gilat Satellite Networks	Pair Corr
0.85	HLIT	Harmonic	Pair Corr
0.76	HOLO	MicroCloud Hologram	Pair Corr
0.87	INSG	Inseego Corp	Pair Corr

Related Correlations Analysis

	KN	KVHI	CMTL	SATS	ADTN	NTGR	DGII	CIEN	HPE	MSI
KN		0.85	0.83	0.78	0.85	0.85	0.89	0.92	0.9	0.69	KN
KVHI	0.85		0.76	0.85	0.93	0.73	0.83	0.88	0.91	0.65	KVHI
CMTL	0.83	0.76		0.82	0.85	0.69	0.88	0.78	0.75	0.55	CMTL
SATS	0.78	0.85	0.82		0.93	0.66	0.82	0.78	0.82	0.44	SATS
ADTN	0.85	0.93	0.85	0.93		0.71	0.89	0.85	0.89	0.55	ADTN
NTGR	0.85	0.73	0.69	0.66	0.71		0.84	0.9	0.85	0.73	NTGR
DGII	0.89	0.83	0.88	0.82	0.89	0.84		0.91	0.91	0.62	DGII
CIEN	0.92	0.88	0.78	0.78	0.85	0.9	0.91		0.97	0.71	CIEN
HPE	0.9	0.91	0.75	0.82	0.89	0.85	0.91	0.97		0.67	HPE
MSI	0.69	0.65	0.55	0.44	0.55	0.73	0.62	0.71	0.67		MSI
	KN	KVHI	CMTL	SATS	ADTN	NTGR	DGII	CIEN	HPE	MSI

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Risk-Adjusted Indicators

There is a big difference between Extreme Stock performing well and Extreme Networks 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 Extreme Networks' 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	1.77	0.00	0.00	0.00	0.00	0.00	2.81	(3.70)	20.50
KVHI	1.78	(0.31)	0.00	0.65	0.00	0.00	3.13	(4.95)	14.31
CMTL	4.97	(0.15)	0.00	(0.23)	0.00	0.00	15.23	(7.48)	33.37
SATS	2.28	0.03	0.00	(0.11)	0.00	0.00	4.39	(7.72)	17.76
ADTN	2.51	(0.40)	0.00	8.46	0.00	0.00	5.57	(7.31)	21.56
NTGR	2.75	0.27	0.05	0.05	3.51	(3.32)	5.88	(5.24)	19.98
DGII	2.21	0.06	0.00	(0.08)	0.00	0.00	2.94	(4.19)	26.70
CIEN	2.95	0.03	0.00	(0.11)	0.00	0.00	5.67	(6.13)	20.59
HPE	2.55	(0.08)	0.00	(0.17)	0.00	0.00	5.11	(6.15)	21.15
MSI	1.34	(0.08)	0.00	(0.24)	0.00	0.00	2.04	(2.92)	13.15

Extreme Networks Corporate Management

Joseph Vitalone	Chief Officer	Profile
Gina Christopher	Deputy Counsel	Profile
Paul Semak	Senior International	Profile
Rmi Thomas	Ex CFO	Profile
Wesley Durow	Chief Officer	Profile

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