NETGEAR Correlations

NTGR Stock

USD 24.60 0.56 2.33%

The current 90-days correlation between NETGEAR and Comtech Telecommunications Corp is -0.11 (i.e., Good 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

Modest diversification

The correlation between NETGEAR 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 NETGEAR and DJI in the same portfolio, assuming nothing else is changed.

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 price.

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

Moving together with NETGEAR Stock

0.7	KE	Kimball Electronics	Pair Corr
0.73	EBON	Ebang International Upward Rally	Pair Corr
0.77	EHGO	Eshallgo Class A	Pair Corr
0.83	FLEX	Flex	Pair Corr
0.85	GLW	Corning Incorporated	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.82	JBL	Jabil Circuit	Pair Corr
0.88	ZBRA	Zebra Technologies	Pair Corr
0.86	IDCC	InterDigital	Pair Corr
0.8	IONQ	IONQ Inc Upward Rally	Pair Corr
0.64	MYNA	Mynaric AG ADR	Pair Corr
0.73	OUST	Ouster Inc	Pair Corr
0.87	PLXS	Plexus Corp	Pair Corr

Moving against NETGEAR Stock

0.82	WBX	Wallbox NV	Pair Corr
0.7	CDW	CDW Corp	Pair Corr
0.66	IVAC	Intevac	Pair Corr
0.62	VRME	VerifyMe	Pair Corr
0.48	EVLV	Evolv Technologies Trending	Pair Corr
0.83	SHMD	SCHMID Group NV	Pair Corr
0.63	SMCI	Super Micro Computer Downward Rally	Pair Corr
0.6	NTIP	Network 1 Technologies	Pair Corr
0.6	TRSG	Tungray Technologies	Pair Corr
0.53	CALX	Calix Inc Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	CMTL	KVHI	SILC	KN	ADTN	MYNA	TSAT	DGII	CRDO
CMTL		0.13	-0.28	-0.31	-0.34	0.23	0.58	-0.3	-0.32	CMTL
KVHI	0.13		0.47	0.48	0.69	0.45	0.35	0.58	0.51	KVHI
SILC	-0.28	0.47		0.57	0.68	0.47	0.16	0.65	0.66	SILC
KN	-0.31	0.48	0.57		0.82	0.46	0.07	0.79	0.79	KN
ADTN	-0.34	0.69	0.68	0.82		0.55	0.19	0.87	0.87	ADTN
MYNA	0.23	0.45	0.47	0.46	0.55		0.57	0.54	0.59	MYNA
TSAT	0.58	0.35	0.16	0.07	0.19	0.57		0.33	0.31	TSAT
DGII	-0.3	0.58	0.65	0.79	0.87	0.54	0.33		0.93	DGII
CRDO	-0.32	0.51	0.66	0.79	0.87	0.59	0.31	0.93		CRDO
	CMTL	KVHI	SILC	KN	ADTN	MYNA	TSAT	DGII	CRDO

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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

CRDO	+ 0.93	DGII
DGII	+ 0.87	ADTN
CRDO	+ 0.87	ADTN
ADTN	+ 0.82	KN
DGII	+ 0.79	KN
CRDO	+ 0.79	KN

High negative correlations

ADTN	- 0.34	CMTL
CRDO	- 0.32	CMTL
KN	- 0.31	CMTL
DGII	- 0.3	CMTL
SILC	- 0.28	CMTL

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
CMTL	4.72	0.14	0.03	0.22	6.59	(5.23)	12.63	(8.43)	40.77
KVHI	1.71	0.27	0.11	0.63	1.60	(2.16)	4.42	(2.92)	10.42
SILC	1.85	(0.02)	(0.04)	0.07	2.53	(2.01)	3.93	(3.35)	18.76
KN	1.46	(0.14)	0.00	0.06	1.70	(1.68)	2.56	(3.10)	12.11
ADTN	2.31	0.53	0.29	0.45	1.57	(2.86)	6.31	(3.34)	22.03
MYNA	4.54	0.67	0.12	1.59	4.13	(6.09)	14.29	(7.19)	25.89
TSAT	3.87	0.38	0.09	0.50	4.25	(4.51)	9.00	(7.07)	23.01
DGII	1.54	0.01	0.07	0.13	1.61	(1.75)	3.54	(3.10)	12.64
CRDO	3.33	0.26	0.11	0.22	4.29	(3.77)	7.13	(8.52)	18.08

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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