A10 Network Correlations

ATEN Stock

USD 18.08 0.05 0.28%

The current 90-days correlation between A10 Network and Verint Systems is -0.24 (i.e., Very good 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 0.4 (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 services.

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

Moving together with A10 Stock

0.73

Boeing

Pair Corr

Moving against A10 Stock

0.55	EC	Ecopetrol SA ADR	Pair Corr
0.48	NHIC	NewHold Investment Corp	Pair Corr
0.39	PKX	POSCO Holdings	Pair Corr
0.38	MTC	MMTEC Inc Tech Boost	Pair Corr
0.37	PTAIY	Astra International Tbk	Pair Corr
0.35	XOM	Exxon Mobil Corp	Pair Corr
0.31	BZDLF	Kincora Copper	Pair Corr
0.61	KO	Coca Cola	Pair Corr
0.39	DD	Dupont De Nemours	Pair Corr
0.38	CSCO	Cisco Systems	Pair Corr
0.36	MRK	Merck Company Aggressive Push	Pair Corr
0.32	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	VRNT	RPD	TUYA	TIXT	KARO	RDWR	GCT	AMPL	CTS	DGII
VRNT		0.25	0.33	-0.5	0.45	0.23	0.14	0.46	0.06	0.0	VRNT
RPD	0.25		0.86	-0.65	0.69	0.93	-0.5	0.24	-0.39	-0.31	RPD
TUYA	0.33	0.86		-0.83	0.84	0.86	-0.35	0.34	-0.42	-0.33	TUYA
TIXT	-0.5	-0.65	-0.83		-0.95	-0.71	0.31	-0.49	0.47	0.38	TIXT
KARO	0.45	0.69	0.84	-0.95		0.77	-0.3	0.52	-0.46	-0.34	KARO
RDWR	0.23	0.93	0.86	-0.71	0.77		-0.58	0.24	-0.5	-0.41	RDWR
GCT	0.14	-0.5	-0.35	0.31	-0.3	-0.58		0.36	0.74	0.85	GCT
AMPL	0.46	0.24	0.34	-0.49	0.52	0.24	0.36		0.29	0.24	AMPL
CTS	0.06	-0.39	-0.42	0.47	-0.46	-0.5	0.74	0.29		0.74	CTS
DGII	0.0	-0.31	-0.33	0.38	-0.34	-0.41	0.85	0.24	0.74		DGII
	VRNT	RPD	TUYA	TIXT	KARO	RDWR	GCT	AMPL	CTS	DGII

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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

RDWR	+ 0.93	RPD
TUYA	+ 0.86	RPD
RDWR	+ 0.86	TUYA
DGII	+ 0.85	GCT
KARO	+ 0.84	TUYA
RDWR	+ 0.77	KARO

High negative correlations

KARO	- 0.95	TIXT
TIXT	- 0.83	TUYA
RDWR	- 0.71	TIXT
TIXT	- 0.65	RPD
GCT	- 0.58	RDWR
CTS	- 0.5	RDWR

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
VRNT	0.12	0.00	(0.41)	(0.09)	0.06	(0.16)	0.20	(0.20)	0.79
RPD	2.04	(0.34)	0.00	(0.26)	0.00	0.00	3.77	(4.51)	24.88
TUYA	2.00	(0.33)	0.00	(0.18)	0.00	0.00	5.26	(3.92)	14.03
TIXT	1.07	0.24	0.11	(0.70)	0.92	(1.58)	2.41	(1.78)	17.91
KARO	1.99	(0.29)	0.00	(0.13)	0.00	0.00	5.56	(4.57)	23.83
RDWR	1.39	(0.20)	0.00	(0.13)	0.00	0.00	2.25	(3.42)	7.83
GCT	2.96	0.36	0.11	0.28	3.27	(3.10)	5.66	(5.45)	35.50
AMPL	2.06	(0.06)	(0.01)	0.03	3.01	(2.00)	3.62	(4.95)	14.37
CTS	1.71	0.02	0.02	0.08	2.25	(1.73)	3.74	(4.10)	10.05
DGII	1.66	0.27	0.14	0.39	1.68	(1.90)	3.96	(3.45)	11.14

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