F5 Networks Correlations

FFIV Stock

USD 292.98 0.23 0.08%

The current 90-days correlation between F5 Networks and VeriSign is 0.09 (i.e., Significant diversification). The correlation of F5 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.

F5 Networks Correlation With Market

Modest diversification

The correlation between F5 Networks and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding F5 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 F5 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 gross domestic product.

For more information on how to buy FFIV Stock please use our How to Invest in F5 Networks guide.

Moving together with FFIV Stock

0.85	CSCO	Cisco Systems	Pair Corr
0.91	IBM	International Business	Pair Corr
0.9	WMT	Walmart	Pair Corr
0.67	KO	Coca Cola Aggressive Push	Pair Corr
0.82	T	ATT Inc Aggressive Push	Pair Corr
0.89	MMM	3M Company	Pair Corr
0.71	BA	Boeing	Pair Corr

Moving against FFIV Stock

0.8	MRK	Merck Company Aggressive Push	Pair Corr
0.63	PKX	POSCO Holdings	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.43	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr
0.42	MSFT	Microsoft	Pair Corr
0.41	KB	KB Financial Group	Pair Corr
0.36	TRV	The Travelers Companies	Pair Corr
0.35	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	VRSN	CHKP	FLT	QLYS	CYBR	DOX	AKAM	GDDY	TENB	RPD
VRSN		0.84	0.0	-0.57	0.89	0.45	0.2	-0.06	-0.36	-0.82	VRSN
CHKP	0.84		0.0	-0.25	0.9	0.71	0.39	0.06	-0.05	-0.7	CHKP
FLT	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FLT
QLYS	-0.57	-0.25	0.0		-0.38	0.3	0.28	0.11	0.62	0.61	QLYS
CYBR	0.89	0.9	0.0	-0.38		0.49	0.25	-0.07	-0.19	-0.74	CYBR
DOX	0.45	0.71	0.0	0.3	0.49		0.43	0.0	0.22	-0.37	DOX
AKAM	0.2	0.39	0.0	0.28	0.25	0.43		0.66	0.41	0.17	AKAM
GDDY	-0.06	0.06	0.0	0.11	-0.07	0.0	0.66		0.57	0.43	GDDY
TENB	-0.36	-0.05	0.0	0.62	-0.19	0.22	0.41	0.57		0.51	TENB
RPD	-0.82	-0.7	0.0	0.61	-0.74	-0.37	0.17	0.43	0.51		RPD
	VRSN	CHKP	FLT	QLYS	CYBR	DOX	AKAM	GDDY	TENB	RPD

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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

CYBR	+ 0.9	CHKP
CYBR	+ 0.89	VRSN
CHKP	+ 0.84	VRSN
DOX	+ 0.71	CHKP
GDDY	+ 0.66	AKAM
TENB	+ 0.62	QLYS

High negative correlations

RPD	- 0.82	VRSN
RPD	- 0.74	CYBR
RPD	- 0.7	CHKP
QLYS	- 0.57	VRSN
CYBR	- 0.38	QLYS
RPD	- 0.37	DOX

Risk-Adjusted Indicators

There is a big difference between FFIV Stock performing well and F5 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 F5 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
VRSN	0.96	0.39	0.30	1.52	0.80	(1.07)	2.79	(2.17)	7.04
CHKP	1.14	0.33	0.26	0.33	0.96	(1.30)	2.71	(1.81)	9.50
FLT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QLYS	1.40	(0.11)	0.00	(0.11)	0.00	0.00	2.40	(3.60)	8.44
CYBR	1.51	0.33	0.18	0.40	1.54	(1.70)	3.87	(2.81)	13.19
DOX	0.75	0.08	0.08	0.14	0.79	(0.74)	1.65	(1.47)	4.37
AKAM	1.52	(0.13)	0.00	(0.07)	0.00	0.00	2.47	(2.22)	25.89
GDDY	1.29	(0.05)	0.00	(0.07)	0.00	0.00	2.33	(2.50)	19.22
TENB	1.48	(0.07)	0.00	(0.07)	0.00	0.00	2.92	(3.26)	12.88
RPD	1.40	(0.35)	0.00	(0.60)	0.00	0.00	3.24	(3.08)	10.58

F5 Networks Corporate Management

Scot Rogers	Executive VP, General Counsel and Assistant Secretary	Profile
Scot JD	General VP	Profile
Thomas Fountain	Executive Officer	Profile
Lyra Schramm	Executive Officer	Profile
Adam Judd	China Pacific	Profile
Chad Esq	Executive Officer	Profile

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