CommScope Holding Correlations

COMM Stock

USD 4.77 0.31 6.10%

The current 90-days correlation between CommScope Holding and Harmonic is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CommScope Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CommScope Holding Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CommScope Holding Correlation With Market

Modest diversification

The correlation between CommScope Holding Co 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 CommScope Holding Co 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 CommScope Holding Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with CommScope Stock

0.73

INFN

Infinera

Pair Corr

Moving against CommScope Stock

0.82	WDAY	Workday	Pair Corr
0.61	EPAM	EPAM Systems	Pair Corr
0.47	INTU	Intuit Inc	Pair Corr
0.4	KD	Kyndryl Holdings	Pair Corr
0.36	DXC	DXC Technology	Pair Corr
0.34	INFY	Infosys Ltd ADR	Pair Corr

Related Correlations Analysis

	DZSI	HLIT	NTGR	CMTL	ADTN	CASA	DGII	KVHI	EXTR	AVNW
DZSI		0.36	-0.62	0.16	-0.74	0.11	-0.69	-0.77	-0.45	0.56	DZSI
HLIT	0.36		-0.59	0.52	-0.53	-0.47	-0.47	-0.23	-0.44	0.64	HLIT
NTGR	-0.62	-0.59		-0.24	0.84	0.01	0.69	0.58	0.72	-0.87	NTGR
CMTL	0.16	0.52	-0.24		-0.34	-0.52	-0.3	0.13	-0.29	0.35	CMTL
ADTN	-0.74	-0.53	0.84	-0.34		0.07	0.87	0.69	0.77	-0.87	ADTN
CASA	0.11	-0.47	0.01	-0.52	0.07		-0.06	-0.14	0.1	-0.2	CASA
DGII	-0.69	-0.47	0.69	-0.3	0.87	-0.06		0.58	0.7	-0.71	DGII
KVHI	-0.77	-0.23	0.58	0.13	0.69	-0.14	0.58		0.42	-0.55	KVHI
EXTR	-0.45	-0.44	0.72	-0.29	0.77	0.1	0.7	0.42		-0.68	EXTR
AVNW	0.56	0.64	-0.87	0.35	-0.87	-0.2	-0.71	-0.55	-0.68		AVNW
	DZSI	HLIT	NTGR	CMTL	ADTN	CASA	DGII	KVHI	EXTR	AVNW

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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

DGII	+ 0.87	ADTN
ADTN	+ 0.84	NTGR
EXTR	+ 0.77	ADTN
EXTR	+ 0.72	NTGR
EXTR	+ 0.7	DGII
DGII	+ 0.69	NTGR

High negative correlations

AVNW	- 0.87	ADTN
AVNW	- 0.87	NTGR
KVHI	- 0.77	DZSI
ADTN	- 0.74	DZSI
AVNW	- 0.71	DGII
DGII	- 0.69	DZSI

Risk-Adjusted Indicators

There is a big difference between CommScope Stock performing well and CommScope Holding 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 CommScope Holding'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
DZSI	5.85	(2.54)	0.00	1.94	0.00	0.00	8.73	(20.00)	63.79
HLIT	1.90	(0.29)	0.00	(0.06)	0.00	0.00	3.97	(4.23)	29.07
NTGR	2.29	0.55	0.29	0.57	1.53	(2.99)	5.28	(3.74)	34.93
CMTL	4.72	0.14	0.03	0.22	6.59	(5.23)	12.63	(8.43)	40.77
ADTN	2.31	0.53	0.29	0.45	1.57	(2.86)	6.31	(3.34)	22.03
CASA	3.57	(0.04)	(0.02)	0.01	4.57	(4.08)	9.09	(6.40)	38.27
DGII	1.54	0.01	0.07	0.13	1.61	(1.75)	3.54	(3.10)	12.64
KVHI	1.71	0.27	0.11	0.63	1.60	(2.16)	4.42	(2.92)	10.42
EXTR	1.91	(0.10)	0.02	0.08	2.17	(2.13)	3.95	(3.30)	18.17
AVNW	3.00	(0.33)	0.00	0.27	0.00	0.00	4.83	(5.01)	52.00

CommScope Holding Corporate Management

Farid Firouzbakht	Senior Networks	Profile
Bartolomeo Giordano	Intelligent Networking	Profile
Jennifer CPA	Senior Officer	Profile
Upendra Pingle	Senior Networks	Profile
Gonzaga Chow	VP Networks	Profile
Koen Linde	Senior Solutions	Profile
Charles Cheevers	Chief Networks	Profile

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