Cisco Systems Correlations

CSCO Stock

USD 75.23 0.35 0.46%

The current 90-days correlation between Cisco Systems and International Business Machines is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cisco Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cisco Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cisco Systems Correlation With Market

Modest diversification

The correlation between Cisco Systems and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cisco Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cisco Stock

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

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

Moving together with Cisco Stock

0.87	PPERY	Bank Mandiri Persero	Pair Corr
0.69	PPERF	Bank Mandiri Persero	Pair Corr
0.61	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.67	JPSTF	JAPAN POST BANK	Pair Corr
0.66	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.83	FTV	Fortive Corp	Pair Corr
0.84	DGWPF	Drgerwerk AG	Pair Corr
0.77	CASXF	Casa Minerals	Pair Corr
0.76	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.74	BAC	Bank of America	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.73	KO	Coca Cola Sell-off Trend	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr
0.81	CAT	Caterpillar	Pair Corr
0.65	WMT	Walmart Common Stock	Pair Corr
0.73	AXP	American Express	Pair Corr
0.8	MRK	Merck Company	Pair Corr
0.78	XOM	Exxon Mobil Corp	Pair Corr

Moving against Cisco Stock

0.91	MSI	Motorola Solutions	Pair Corr
0.88	RBBN	Ribbon Communications	Pair Corr
0.75	ANET	Arista Networks	Pair Corr
0.48	FKWL	Franklin Wireless Corp	Pair Corr
0.37	BOSC	BOS Better Online	Pair Corr
0.76	MSFT	Microsoft	Pair Corr
0.71	PG	Procter Gamble	Pair Corr
0.57	T	ATT Inc	Pair Corr
0.31	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	IBM	SAP	MU	CRM	UBER	LRCX	AMAT	QCOM	ANET
IBM		-0.54	0.56	0.26	-0.29	0.6	0.54	0.73	-0.31	IBM
SAP	-0.54		-0.66	0.07	0.76	-0.52	-0.65	-0.18	0.82	SAP
MU	0.56	-0.66		0.51	-0.68	0.93	0.79	0.55	-0.47	MU
CRM	0.26	0.07	0.51		-0.25	0.6	0.49	0.66	0.17	CRM
UBER	-0.29	0.76	-0.68	-0.25		-0.59	-0.68	-0.15	0.75	UBER
LRCX	0.6	-0.52	0.93	0.6	-0.59		0.82	0.7	-0.33	LRCX
AMAT	0.54	-0.65	0.79	0.49	-0.68	0.82		0.57	-0.55	AMAT
QCOM	0.73	-0.18	0.55	0.66	-0.15	0.7	0.57		0.01	QCOM
ANET	-0.31	0.82	-0.47	0.17	0.75	-0.33	-0.55	0.01		ANET
	IBM	SAP	MU	CRM	UBER	LRCX	AMAT	QCOM	ANET

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

LRCX	+ 0.93	MU
ANET	+ 0.82	SAP
AMAT	+ 0.82	LRCX
AMAT	+ 0.79	MU
UBER	+ 0.76	SAP
ANET	+ 0.75	UBER

High negative correlations

AMAT	- 0.68	UBER
UBER	- 0.68	MU
MU	- 0.66	SAP
AMAT	- 0.65	SAP
LRCX	- 0.59	UBER
ANET	- 0.55	AMAT

Risk-Adjusted Indicators

There is a big difference between Cisco Stock performing well and Cisco Systems 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 Cisco Systems' 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
IBM	1.16	(0.03)	(0.01)	0.05	1.46	(1.16)	1.97	(2.43)	11.09
SAP	0.97	(0.24)	0.00	(0.19)	0.00	0.00	1.49	(2.75)	5.69
MU	3.32	0.73	0.23	0.40	3.20	(3.99)	7.98	(5.58)	19.80
CRM	1.52	0.07	0.03	0.15	1.97	(1.50)	3.66	(2.92)	9.91
UBER	1.47	(0.33)	0.00	(0.28)	0.00	0.00	2.60	(3.82)	10.51
LRCX	2.55	0.33	0.14	0.20	2.89	(2.72)	5.41	(5.07)	12.15
AMAT	2.10	0.30	0.12	0.24	2.36	(2.09)	4.62	(4.08)	10.80
QCOM	1.56	(0.03)	0.02	0.06	2.23	(1.50)	3.53	(3.93)	15.46
ANET	2.13	(0.12)	0.00	(0.43)	0.00	0.00	4.04	(4.56)	16.86

Cisco Systems Corporate Management

Bryan Jones	SVP Marketing	Profile
Kip Compton	Operations, Strategy	Profile
Oliver Tuszik	Executive Officer	Profile
Jacqueline Guichelaar	Japan, Pacific	Profile
Tadhg Bourke	Senior Communities	Profile
Deborah Stahlkopf	Executive Officer	Profile
Ambika Kapur	Senior Success	Profile

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