NETGEAR Correlations

NTGR Stock

USD 33.91 0.68 2.05%

The current 90-days correlation between NETGEAR and Harmonic is 0.42 (i.e., Very weak diversification). The correlation of NETGEAR 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.

NETGEAR Correlation With Market

Very weak diversification

The correlation between NETGEAR and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NETGEAR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NETGEAR Stock

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

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

Moving together with NETGEAR Stock

0.86	002861	Hubei Yingtong Telec	Pair Corr
0.8	NOK	Nokia Corp ADR Trending	Pair Corr
0.84	200468	Nanjing Putian Telec	Pair Corr
0.81	BVC	Batm Advanced Commun	Pair Corr
0.69	688387	CICT Mobile Communication	Pair Corr
0.7	002446	Guangdong Shenglu	Pair Corr
0.74	ET	Evertz Technologies	Pair Corr
0.75	603236	Quectel Wireless Sol	Pair Corr
0.72	002115	Sunwave Communications	Pair Corr
0.61	688175	Zhuhai Comleader Inf	Pair Corr
0.71	SPT	Spirent Communications	Pair Corr
0.7	600498	Fiberhome Telecommunicatio	Pair Corr

Moving against NETGEAR Stock

0.85	300081	Hengxin Mobile Business	Pair Corr
0.64	600198	Datang Telecom Technology	Pair Corr
0.44	002583	Hytera Communications	Pair Corr
0.41	603712	TianJin 712 Communication	Pair Corr
0.93	NSFDF	NXT Energy Solutions	Pair Corr
0.81	300074	AVCON Information Tech	Pair Corr
0.73	MWE	MTI Wireless Edge	Pair Corr
0.69	300590	Queclink Wireless	Pair Corr
0.69	GLABF	Gemina Laboratories	Pair Corr
0.62	002296	HeNan Splendor Science	Pair Corr
0.54	002465	Guangzhou Haige Comm	Pair Corr
0.53	YFI	Edgewater Wireless	Pair Corr
0.44	300570	TS Communications	Pair Corr
0.44	300565	Shenzhen Kexin Commu	Pair Corr

Related Correlations Analysis

	HLIT	GILT	ITRN	MGIC	SCSC	CTS	GCT	ADTN	CRCT	COHU
HLIT		0.89	-0.51	0.13	0.52	0.07	0.29	0.46	0.37	0.67	HLIT
GILT	0.89		-0.28	0.3	0.24	-0.21	0.27	0.23	0.13	0.66	GILT
ITRN	-0.51	-0.28		0.19	-0.53	-0.25	-0.15	-0.35	-0.55	-0.12	ITRN
MGIC	0.13	0.3	0.19		-0.38	-0.28	-0.28	0.04	-0.49	0.1	MGIC
SCSC	0.52	0.24	-0.53	-0.38		0.63	0.65	0.47	0.73	0.42	SCSC
CTS	0.07	-0.21	-0.25	-0.28	0.63		0.34	0.5	0.33	0.32	CTS
GCT	0.29	0.27	-0.15	-0.28	0.65	0.34		0.11	0.54	0.41	GCT
ADTN	0.46	0.23	-0.35	0.04	0.47	0.5	0.11		0.32	0.42	ADTN
CRCT	0.37	0.13	-0.55	-0.49	0.73	0.33	0.54	0.32		0.25	CRCT
COHU	0.67	0.66	-0.12	0.1	0.42	0.32	0.41	0.42	0.25		COHU
	HLIT	GILT	ITRN	MGIC	SCSC	CTS	GCT	ADTN	CRCT	COHU

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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

GILT	+ 0.89	HLIT
CRCT	+ 0.73	SCSC
COHU	+ 0.67	HLIT
COHU	+ 0.66	GILT
GCT	+ 0.65	SCSC
CTS	+ 0.63	SCSC

High negative correlations

CRCT	- 0.55	ITRN
SCSC	- 0.53	ITRN
ITRN	- 0.51	HLIT
CRCT	- 0.49	MGIC
SCSC	- 0.38	MGIC
ADTN	- 0.35	ITRN

Risk-Adjusted Indicators

There is a big difference between NETGEAR Stock performing well and NETGEAR 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 NETGEAR'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
HLIT	1.52	0.07	0.06	0.12	2.16	(1.52)	4.11	(3.58)	10.22
GILT	2.87	0.94	0.52	0.75	1.45	(4.08)	6.98	(2.65)	28.98
ITRN	1.54	(0.15)	0.00	(0.03)	0.00	0.00	3.22	(2.82)	13.52
MGIC	1.58	(0.08)	(0.04)	0.00	2.02	(1.65)	2.96	(3.69)	13.96
SCSC	1.71	(0.15)	(0.01)	0.03	2.03	(1.84)	4.26	(2.97)	15.00
CTS	1.61	(0.17)	0.00	(0.01)	0.00	0.00	3.74	(3.17)	9.31
GCT	3.03	0.14	0.09	0.13	3.47	(3.28)	4.91	(5.55)	39.96
ADTN	2.77	(0.07)	0.02	0.06	4.15	(3.03)	6.31	(4.71)	23.24
CRCT	2.07	(0.07)	0.00	0.04	3.04	(1.98)	3.54	(5.31)	24.17
COHU	2.57	0.14	0.08	0.15	2.99	(2.90)	6.14	(5.02)	17.47

NETGEAR Corporate Management

Andrew Kim	Sr. VP of Corporate Devel., General Counsel and Corporate Secretary	Profile
Martin Westhead	Chief Software	Profile
Kirsten Daru	General Officer	Profile
Bryan CPA	Chief Officer	Profile

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