A10 Network Correlations

ATEN Stock

USD 17.61 0.27 1.56%

The current 90-days correlation between A10 Network and Alpha and Omega is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as A10 Network moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if A10 Network moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

A10 Network Correlation With Market

Very weak diversification

The correlation between A10 Network and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding A10 Network and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with A10 Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in A10 Network. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in national income and product accounts.

To learn how to invest in A10 Stock, please use our How to Invest in A10 Network guide.

Moving together with A10 Stock

0.63	S	SentinelOne Tech Boost	Pair Corr
0.72	ZS	Zscaler	Pair Corr
0.64	VRSN	VeriSign	Pair Corr
0.64	FOUR	Shift4 Payments	Pair Corr
0.68	FTNT	Fortinet	Pair Corr

Moving against A10 Stock

0.41	VERI	Veritone	Pair Corr
0.41	VRNS	Varonis Systems	Pair Corr
0.46	GCT	GigaCloud Technology	Pair Corr
0.43	DLO	Dlocal	Pair Corr
0.34	FFIV	F5 Networks	Pair Corr
0.62	PAY	Paymentus Holdings	Pair Corr
0.48	TLS	Telos Corp Tech Boost	Pair Corr

Related Correlations Analysis

	ACIW	AOSL	CALX	CSGS	GB	INFA	QLYS	RDWR	RPD
ACIW		0.2	0.14	0.27	0.29	0.16	-0.05	-0.34	-0.01	ACIW
AOSL	0.2		0.73	-0.24	0.14	0.68	-0.11	0.41	-0.28	AOSL
CALX	0.14	0.73		-0.36	-0.21	0.97	-0.6	-0.08	-0.75	CALX
CSGS	0.27	-0.24	-0.36		0.37	-0.37	0.55	0.1	0.44	CSGS
GB	0.29	0.14	-0.21	0.37		-0.18	0.41	0.21	0.3	GB
INFA	0.16	0.68	0.97	-0.37	-0.18		-0.63	-0.15	-0.8	INFA
QLYS	-0.05	-0.11	-0.6	0.55	0.41	-0.63		0.62	0.87	QLYS
RDWR	-0.34	0.41	-0.08	0.1	0.21	-0.15	0.62		0.48	RDWR
RPD	-0.01	-0.28	-0.75	0.44	0.3	-0.8	0.87	0.48		RPD
	ACIW	AOSL	CALX	CSGS	GB	INFA	QLYS	RDWR	RPD

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

INFA	+ 0.97	CALX
RPD	+ 0.87	QLYS
CALX	+ 0.73	AOSL
INFA	+ 0.68	AOSL
RDWR	+ 0.62	QLYS
QLYS	+ 0.55	CSGS

High negative correlations

RPD	- 0.8	INFA
RPD	- 0.75	CALX
QLYS	- 0.63	INFA
QLYS	- 0.6	CALX
INFA	- 0.37	CSGS
CSGS	- 0.36	CALX

Risk-Adjusted Indicators

There is a big difference between A10 Stock performing well and A10 Network 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 A10 Network'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
ACIW	1.29	(0.07)	0.00	0.06	1.51	(1.39)	3.01	(2.63)	7.53
AOSL	2.44	0.16	0.12	0.15	2.74	(2.75)	6.70	(4.42)	16.00
CALX	1.23	0.24	0.18	0.28	1.08	(1.42)	3.07	(1.99)	7.19
CSGS	1.10	0.04	0.00	0.03	0.00	0.00	2.25	(2.71)	5.14
GB	0.25	0.00	(0.14)	(2.25)	0.46	(0.29)	0.41	(0.41)	3.25
INFA	0.16	0.04	(0.22)	0.73	0.00	(0.19)	0.41	(0.28)	1.40
QLYS	1.30	(0.02)	0.00	0.23	0.00	0.00	3.00	(2.92)	8.32
RDWR	1.60	0.02	0.00	0.12	2.19	(1.53)	2.76	(3.48)	14.76
RPD	1.94	(0.31)	0.00	(0.09)	0.00	0.00	4.88	(4.12)	14.67

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