A10 Network Correlations

ATEN Stock

USD 17.74 0.32 1.84%

The current 90-days correlation between A10 Network and Evertec is 0.18 (i.e., Average 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 0.48 (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.

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 income.

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

Moving together with A10 Stock

0.72	BB	BlackBerry	Pair Corr
0.65	ZS	Zscaler	Pair Corr
0.85	DOCN	DigitalOcean Holdings	Pair Corr
0.85	BOX	Box Inc Sell-off Trend	Pair Corr
0.9	FTNT	Fortinet	Pair Corr
0.72	IOT	Samsara	Pair Corr
0.88	NET	Cloudflare	Pair Corr
0.73	PGY	Pagaya Technologies	Pair Corr
0.75	RXT	Rackspace Technology	Pair Corr

Moving against A10 Stock

0.43	DVLT	Datavault AI Symbol Change	Pair Corr
0.4	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.33	FMTO	Femto Technologies Symbol Change	Pair Corr
0.31	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.46	OLB	OLB Group	Pair Corr
0.31	TDC	Teradata Corp	Pair Corr

Related Correlations Analysis

	EVTC	NTCT	AVDX	FORG	ESMT	CSGS	SCWX	GB	VRNT	CCSI
EVTC		-0.47	-0.62	0.0	0.0	0.26	0.02	0.0	-0.33	-0.41	EVTC
NTCT	-0.47		0.4	0.0	0.0	0.44	0.28	-0.35	0.3	0.81	NTCT
AVDX	-0.62	0.4		0.0	0.0	-0.57	-0.41	-0.49	0.88	0.23	AVDX
FORG	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FORG
ESMT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ESMT
CSGS	0.26	0.44	-0.57	0.0	0.0		0.69	0.04	-0.54	0.51	CSGS
SCWX	0.02	0.28	-0.41	0.0	0.0	0.69		0.23	-0.64	0.52	SCWX
GB	0.0	-0.35	-0.49	0.0	0.0	0.04	0.23		-0.67	-0.18	GB
VRNT	-0.33	0.3	0.88	0.0	0.0	-0.54	-0.64	-0.67		0.07	VRNT
CCSI	-0.41	0.81	0.23	0.0	0.0	0.51	0.52	-0.18	0.07		CCSI
	EVTC	NTCT	AVDX	FORG	ESMT	CSGS	SCWX	GB	VRNT	CCSI

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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

VRNT	+ 0.88	AVDX
CCSI	+ 0.81	NTCT
SCWX	+ 0.69	CSGS
CCSI	+ 0.52	SCWX
CCSI	+ 0.51	CSGS
CSGS	+ 0.44	NTCT

High negative correlations

VRNT	- 0.67	GB
VRNT	- 0.64	SCWX
AVDX	- 0.62	EVTC
CSGS	- 0.57	AVDX
VRNT	- 0.54	CSGS
GB	- 0.49	AVDX

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
EVTC	1.26	0.12	0.11	0.13	1.37	(1.56)	2.06	(1.85)	18.49
NTCT	1.47	0.01	0.00	(0.09)	0.00	0.00	2.20	(3.31)	16.99
AVDX	1.97	(0.27)	0.00	(0.40)	0.00	0.00	3.09	(3.93)	23.74
FORG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSGS	1.26	0.28	0.18	0.23	1.37	(1.29)	2.80	(2.15)	8.74
SCWX	0.13	0.01	0.60	(0.46)	0.00	(0.20)	0.36	(0.24)	1.07
GB	1.80	0.34	0.19	3.30	1.74	(2.16)	3.86	(3.54)	18.44
VRNT	1.65	(0.38)	0.00	(0.54)	0.00	0.00	3.71	(4.11)	8.14
CCSI	1.98	0.11	0.00	(0.01)	0.00	0.00	4.01	(4.06)	20.81

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