Gen Digital Correlations

GEN Stock

USD 27.90 0.10 0.36%

The current 90-days correlation between Gen Digital and Wex Inc is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gen Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gen Digital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Gen Digital Correlation With Market

Very weak diversification

The correlation between Gen Digital and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gen Digital and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gen Digital. 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 Gen Stock, please use our How to Invest in Gen Digital guide.

Moving together with Gen Stock

0.61	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.7	EVCM	EverCommerce	Pair Corr

Moving against Gen Stock

0.63	GB	Global Blue Group	Pair Corr
0.44	BB	BlackBerry	Pair Corr
0.34	VRSN	VeriSign	Pair Corr
0.33	HCP	Hashicorp	Pair Corr
0.58	LIDRW	AEye Inc	Pair Corr
0.56	VHC	VirnetX Holding Corp	Pair Corr
0.45	ARBEW	Arbe Robotics	Pair Corr
0.42	ZUO	Zuora Inc	Pair Corr
0.4	INTZ	Intrusion Earnings Call This Week	Pair Corr
0.35	GRRR	Gorilla Technology	Pair Corr

Related Correlations Analysis

	WEX	FLT	CSGS	SQSP	VRSN	GB	EVCM	CCSI	ESMT	AKAM
WEX		0.0	-0.72	0.0	-0.74	-0.04	0.37	0.0	0.0	0.52	WEX
FLT	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FLT
CSGS	-0.72	0.0		0.0	0.87	0.04	-0.49	0.51	0.0	-0.35	CSGS
SQSP	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SQSP
VRSN	-0.74	0.0	0.87	0.0		0.41	-0.74	0.24	0.0	-0.61	VRSN
GB	-0.04	0.0	0.04	0.0	0.41		-0.68	-0.18	0.0	-0.55	GB
EVCM	0.37	0.0	-0.49	0.0	-0.74	-0.68		0.0	0.0	0.66	EVCM
CCSI	0.0	0.0	0.51	0.0	0.24	-0.18	0.0		0.0	0.44	CCSI
ESMT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ESMT
AKAM	0.52	0.0	-0.35	0.0	-0.61	-0.55	0.66	0.44	0.0		AKAM
	WEX	FLT	CSGS	SQSP	VRSN	GB	EVCM	CCSI	ESMT	AKAM

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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

VRSN	+ 0.87	CSGS
AKAM	+ 0.66	EVCM
AKAM	+ 0.52	WEX
CCSI	+ 0.51	CSGS
AKAM	+ 0.44	CCSI
GB	+ 0.41	VRSN

High negative correlations

EVCM	- 0.74	VRSN
VRSN	- 0.74	WEX
CSGS	- 0.72	WEX
EVCM	- 0.68	GB
AKAM	- 0.61	VRSN
AKAM	- 0.55	GB

Risk-Adjusted Indicators

There is a big difference between Gen Stock performing well and Gen Digital 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 Gen Digital'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
WEX	1.56	(0.08)	0.00	(0.17)	0.00	0.00	2.91	(2.58)	21.56
FLT	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
SQSP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VRSN	0.78	0.31	0.37	0.55	0.63	(0.87)	2.18	(1.30)	4.96
GB	1.80	0.34	0.19	3.30	1.74	(2.16)	3.86	(3.54)	18.44
EVCM	1.61	(0.12)	0.00	(0.19)	0.00	0.00	3.22	(3.52)	10.24
CCSI	1.98	0.11	0.00	(0.01)	0.00	0.00	4.01	(4.06)	20.81
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AKAM	1.71	(0.06)	0.00	(0.13)	0.00	0.00	2.63	(3.85)	25.79

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