Extreme Networks Correlations

EXTR Stock

USD 16.60 0.18 1.10%

The current 90-days correlation between Extreme Networks and Knowles Cor is 0.44 (i.e., Very weak diversification). The correlation of Extreme 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.

Extreme Networks Correlation With Market

Very weak diversification

The correlation between Extreme Networks and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Extreme Networks and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extreme 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 estimate.

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

Moving together with Extreme Stock

0.8	KE	Kimball Electronics	Pair Corr
0.72	EBON	Ebang International Upward Rally	Pair Corr
0.67	EHGO	Eshallgo Class A	Pair Corr
0.78	FLEX	Flex	Pair Corr
0.62	GLW	Corning Incorporated	Pair Corr
0.69	JBL	Jabil Circuit	Pair Corr
0.78	ZBRA	Zebra Technologies	Pair Corr
0.77	IDCC	InterDigital	Pair Corr
0.67	IONQ	IONQ Inc Upward Rally	Pair Corr
0.61	KULR	KULR Technology Group Buyout Trend	Pair Corr
0.72	NTGR	NETGEAR	Pair Corr
0.68	OSIS	OSI Systems	Pair Corr
0.68	OUST	Ouster Inc	Pair Corr

Moving against Extreme Stock

0.55	CDW	CDW Corp	Pair Corr
0.54	VRME	VerifyMe	Pair Corr
0.54	WBX	Wallbox NV	Pair Corr
0.53	IVAC	Intevac	Pair Corr
0.5	INVZW	Innoviz Technologies	Pair Corr
0.36	DM	Desktop Metal	Pair Corr
0.34	EVLV	Evolv Technologies Trending	Pair Corr
0.61	SHMD	SCHMID Group NV	Pair Corr
0.6	SMCI	Super Micro Computer Downward Rally	Pair Corr
0.48	CALX	Calix Inc Fiscal Year End 3rd of February 2025	Pair Corr
0.41	CRCT	Cricut Inc	Pair Corr
0.35	NTIP	Network 1 Technologies	Pair Corr

Related Correlations Analysis

	KN	KVHI	CMTL	SATS	ADTN	CASA	NTGR	DGII	CIEN	HPE
KN		0.48	-0.31	0.11	0.82	0.15	0.64	0.79	0.66	0.72	KN
KVHI	0.48		0.13	0.19	0.69	-0.14	0.58	0.58	0.59	0.61	KVHI
CMTL	-0.31	0.13		0.39	-0.34	-0.52	-0.24	-0.3	0.05	0.03	CMTL
SATS	0.11	0.19	0.39		0.15	-0.34	0.49	0.08	0.42	0.29	SATS
ADTN	0.82	0.69	-0.34	0.15		0.07	0.84	0.87	0.79	0.78	ADTN
CASA	0.15	-0.14	-0.52	-0.34	0.07		0.01	-0.06	-0.28	-0.17	CASA
NTGR	0.64	0.58	-0.24	0.49	0.84	0.01		0.69	0.79	0.72	NTGR
DGII	0.79	0.58	-0.3	0.08	0.87	-0.06	0.69		0.83	0.82	DGII
CIEN	0.66	0.59	0.05	0.42	0.79	-0.28	0.79	0.83		0.92	CIEN
HPE	0.72	0.61	0.03	0.29	0.78	-0.17	0.72	0.82	0.92		HPE
	KN	KVHI	CMTL	SATS	ADTN	CASA	NTGR	DGII	CIEN	HPE

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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

HPE	+ 0.92	CIEN
DGII	+ 0.87	ADTN
NTGR	+ 0.84	ADTN
CIEN	+ 0.83	DGII
ADTN	+ 0.82	KN
HPE	+ 0.82	DGII

High negative correlations

CASA	- 0.52	CMTL
CASA	- 0.34	SATS
ADTN	- 0.34	CMTL
CMTL	- 0.31	KN
DGII	- 0.3	CMTL
CIEN	- 0.28	CASA

Risk-Adjusted Indicators

There is a big difference between Extreme Stock performing well and Extreme 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 Extreme 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
KN	1.46	(0.14)	0.00	0.06	1.70	(1.68)	2.56	(3.10)	12.11
KVHI	1.71	0.27	0.11	0.63	1.60	(2.16)	4.42	(2.92)	10.42
CMTL	4.72	0.14	0.03	0.22	6.59	(5.23)	12.63	(8.43)	40.77
SATS	2.88	0.36	0.10	0.41	3.72	(3.16)	8.94	(4.05)	33.92
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
NTGR	2.29	0.55	0.29	0.57	1.53	(2.99)	5.28	(3.74)	34.93
DGII	1.54	0.01	0.07	0.13	1.61	(1.75)	3.54	(3.10)	12.64
CIEN	1.75	0.11	0.09	0.19	1.80	(1.96)	4.01	(3.63)	12.09
HPE	1.75	(0.01)	0.02	0.12	2.73	(1.69)	3.74	(4.18)	12.66

Extreme Networks Corporate Management

Joseph Vitalone	Chief Officer	Profile
Gina Christopher	Deputy Counsel	Profile
Rmi Thomas	Ex CFO	Profile
Wesley Durow	Chief Officer	Profile
Katayoun Motiey	Administrative Legal	Profile

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