Aviat Networks Correlations

AVNW Stock

USD 15.67 0.04 0.25%

The current 90-days correlation between Aviat Networks and KVH Industries is -0.05 (i.e., Good diversification). The correlation of Aviat 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.

Aviat Networks Correlation With Market

Very good diversification

The correlation between Aviat Networks and DJI is -0.32 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aviat Networks and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aviat 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 board of governors.

For more information on how to buy Aviat Stock please use our How to Invest in Aviat Networks guide.

Moving together with Aviat Stock

0.74	ARW	Arrow Electronics	Pair Corr
0.76	TER	Teradyne	Pair Corr
0.81	MCHP	Microchip Technology	Pair Corr
0.73	BKRKF	PT Bank Rakyat	Pair Corr
0.79	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.84	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.82	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against Aviat Stock

0.88	NTGR	NETGEAR	Pair Corr
0.8	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.8	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.63	AEIS	Advanced Energy Indu	Pair Corr
0.63	CMWCF	Cromwell Property	Pair Corr
0.6	KSCP	Knightscope	Pair Corr
0.58	PBMRF	PT Bumi Resources	Pair Corr
0.54	KVHI	KVH Industries	Pair Corr
0.52	SPCB	Supercom	Pair Corr
0.42	BAER	Bridger Aerospace	Pair Corr
0.38	MU	Micron Technology	Pair Corr
0.86	WMT	Walmart Aggressive Push	Pair Corr
0.85	T	ATT Inc Aggressive Push	Pair Corr
0.83	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.79	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.77	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.75	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.63	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.6	HD	Home Depot Sell-off Trend	Pair Corr
0.44	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.39	CICHF	China Construction Bank	Pair Corr

Related Correlations Analysis

	KVHI	MRK	PHVS	EAT	AA	EURL	COLL	OWL	AMMX	FQIFX
KVHI		-0.51	0.09	0.59	0.63	-0.54	-0.44	0.58	-0.22	0.24	KVHI
MRK	-0.51		-0.58	-0.95	-0.84	0.9	0.84	-0.86	-0.13	0.06	MRK
PHVS	0.09	-0.58		0.62	0.53	-0.56	-0.52	0.61	-0.23	-0.19	PHVS
EAT	0.59	-0.95	0.62		0.87	-0.92	-0.87	0.87	0.0	-0.01	EAT
AA	0.63	-0.84	0.53	0.87		-0.66	-0.58	0.94	-0.05	0.34	AA
EURL	-0.54	0.9	-0.56	-0.92	-0.66		0.91	-0.72	-0.07	0.23	EURL
COLL	-0.44	0.84	-0.52	-0.87	-0.58	0.91		-0.61	-0.11	0.32	COLL
OWL	0.58	-0.86	0.61	0.87	0.94	-0.72	-0.61		0.02	0.28	OWL
AMMX	-0.22	-0.13	-0.23	0.0	-0.05	-0.07	-0.11	0.02		-0.02	AMMX
FQIFX	0.24	0.06	-0.19	-0.01	0.34	0.23	0.32	0.28	-0.02		FQIFX
	KVHI	MRK	PHVS	EAT	AA	EURL	COLL	OWL	AMMX	FQIFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

OWL	+ 0.94	AA
COLL	+ 0.91	EURL
EURL	+ 0.9	MRK
AA	+ 0.87	EAT
OWL	+ 0.87	EAT
COLL	+ 0.84	MRK

High negative correlations

EAT	- 0.95	MRK
EURL	- 0.92	EAT
COLL	- 0.87	EAT
OWL	- 0.86	MRK
AA	- 0.84	MRK
OWL	- 0.72	EURL

Risk-Adjusted Indicators

There is a big difference between Aviat Stock performing well and Aviat 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 Aviat 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
KVHI	1.74	0.21	0.08	0.51	1.63	(2.20)	4.42	(2.92)	10.42
MRK	0.89	(0.23)	0.00	(0.76)	0.00	0.00	2.00	(2.13)	4.89
PHVS	2.94	0.25	0.09	0.29	2.99	(3.63)	7.76	(6.02)	21.41
EAT	1.87	0.79	0.46	0.75	1.25	(2.44)	5.04	(2.48)	11.91
AA	2.45	0.29	0.14	0.27	2.61	(2.76)	6.10	(5.76)	14.99
EURL	2.00	(0.56)	0.00	(0.38)	0.00	0.00	2.74	(5.13)	12.68
COLL	1.88	(0.41)	0.00	(0.22)	0.00	0.00	3.23	(4.47)	12.29
OWL	1.62	0.30	0.21	0.28	1.57	(1.86)	3.66	(2.80)	12.59
AMMX	3.48	(0.41)	0.00	0.41	0.00	0.00	5.71	(7.14)	58.33
FQIFX	0.31	0.00	(0.26)	0.24	0.38	(0.33)	0.67	(0.77)	1.81

Aviat Networks Corporate Management

Erin JD	VP Counsel	Profile
Christy Cornet	Vice Chain	Profile
Spencer Stoakley	Chief Officer	Profile
Andrew Fredrickson	Director Relations	Profile
Erin Boase	VP Counsel	Profile
Bryan Tucker	VP Americas	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC