ViaSat Correlations

VSAT Stock

USD 9.60 0.91 10.47%

The current 90-days correlation between ViaSat Inc and NETGEAR is -0.07 (i.e., Good diversification). The correlation of ViaSat 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.

ViaSat Correlation With Market

Modest diversification

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

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ViaSat Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with ViaSat Stock

0.67	CDW	CDW Corp	Pair Corr
0.89	WBX	Wallbox NV	Pair Corr
0.65	IVAC	Intevac	Pair Corr
0.76	NTIP	Network 1 Technologies	Pair Corr

Moving against ViaSat Stock

0.9	GLW	Corning Incorporated	Pair Corr
0.89	JBL	Jabil Circuit	Pair Corr
0.89	ZBRA	Zebra Technologies	Pair Corr
0.83	FLEX	Flex	Pair Corr
0.82	IDCC	InterDigital	Pair Corr
0.8	IONQ	IONQ Inc	Pair Corr
0.76	MYNA	Mynaric AG ADR	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.7	EHGO	Eshallgo Class A	Pair Corr
0.64	EBON	Ebang International	Pair Corr
0.62	BAERW	Bridger Aerospace	Pair Corr
0.6	KVHI	KVH Industries	Pair Corr
0.53	KE	Kimball Electronics	Pair Corr
0.51	KULR	KULR Technology Group	Pair Corr
0.46	FN	Fabrinet	Pair Corr
0.43	WDC	Western Digital	Pair Corr
0.41	MITQ	Moving iMage Technologies	Pair Corr
0.35	SYTAW	Siyata Mobile	Pair Corr
0.9	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.89	NTGR	NETGEAR	Pair Corr
0.86	DELL	Dell Technologies	Pair Corr
0.85	PLXS	Plexus Corp	Pair Corr
0.82	BKTI	BK Technologies	Pair Corr
0.8	S	SentinelOne	Pair Corr
0.77	RBBN	Ribbon Communications	Pair Corr
0.77	RDCM	Radcom	Pair Corr
0.75	ANET	Arista Networks	Pair Corr

Related Correlations Analysis

	CMTL	NTGR	KVHI	SILC	KN	ADTN	MYNA	TSAT	DGII	CRDO
CMTL		-0.21	0.15	-0.27	-0.32	-0.34	0.23	0.59	-0.3	-0.32	CMTL
NTGR	-0.21		0.57	0.69	0.58	0.83	0.64	0.33	0.67	0.75	NTGR
KVHI	0.15	0.57		0.56	0.41	0.67	0.46	0.34	0.54	0.47	KVHI
SILC	-0.27	0.69	0.56		0.61	0.75	0.5	0.2	0.7	0.71	SILC
KN	-0.32	0.58	0.41	0.61		0.78	0.45	0.01	0.77	0.77	KN
ADTN	-0.34	0.83	0.67	0.75	0.78		0.55	0.18	0.86	0.86	ADTN
MYNA	0.23	0.64	0.46	0.5	0.45	0.55		0.57	0.54	0.59	MYNA
TSAT	0.59	0.33	0.34	0.2	0.01	0.18	0.57		0.31	0.29	TSAT
DGII	-0.3	0.67	0.54	0.7	0.77	0.86	0.54	0.31		0.93	DGII
CRDO	-0.32	0.75	0.47	0.71	0.77	0.86	0.59	0.29	0.93		CRDO
	CMTL	NTGR	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	+ 0.86	ADTN
CRDO	+ 0.86	ADTN
ADTN	+ 0.83	NTGR
ADTN	+ 0.78	KN
DGII	+ 0.77	KN

High negative correlations

ADTN	- 0.34	CMTL
CRDO	- 0.32	CMTL
KN	- 0.32	CMTL
DGII	- 0.3	CMTL
SILC	- 0.27	CMTL
NTGR	- 0.21	CMTL

Risk-Adjusted Indicators

There is a big difference between ViaSat Stock performing well and ViaSat 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 ViaSat'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	4.68	0.21	0.04	0.24	6.47	(5.23)	12.63	(8.43)	40.77
NTGR	2.28	0.56	0.29	0.58	1.54	(2.97)	5.28	(3.74)	34.60
KVHI	1.72	0.23	0.09	0.54	1.61	(2.20)	4.42	(2.92)	10.42
SILC	1.82	0.01	(0.02)	0.14	2.50	(2.01)	3.93	(3.35)	12.10
KN	1.46	(0.16)	(0.02)	0.04	1.73	(1.70)	2.56	(3.10)	12.11
ADTN	2.30	0.54	0.29	0.45	1.57	(2.84)	6.31	(3.34)	22.03
MYNA	4.61	0.58	0.10	1.17	4.36	(6.09)	14.29	(7.19)	25.89
TSAT	3.90	0.30	0.07	0.41	4.23	(4.58)	9.00	(7.07)	23.01
DGII	1.56	(0.04)	0.04	0.09	1.74	(1.75)	3.54	(3.10)	12.64
CRDO	3.29	0.14	0.08	0.16	4.29	(3.68)	7.13	(8.52)	18.08

ViaSat Corporate Management

Keven Lippert	Executive VP, General Counsel and Secretary	Profile
Paul Castor	Chief VP	Profile
Krishna Nathan	Chief Officer	Profile
Lisa Curran	Vice Relations	Profile
Shawn CPA	Chief Officer	Profile

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