Infinera Correlations

Summary

INFNDelisted Stock

USD 6.64 0.02 0.30%

The current 90-days correlation between Infinera and Lumentum Holdings is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Infinera moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Infinera moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Infinera Correlation With Market

Significant diversification

The correlation between Infinera and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Infinera 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving against Infinera Stock

0.72	YAAS	Youxin Technology Tech Boost	Pair Corr
0.7	HPE-PC	Hewlett Packard Ente	Pair Corr
0.64	VEEA	Veea Inc Symbol Change	Pair Corr
0.55	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.54	VVPR	VivoPower International	Pair Corr
0.49	DVLT	Datavault AI Symbol Change	Pair Corr
0.48	OUSTZ	Ouster, Warrants	Pair Corr
0.42	VISL	Vislink Technologies Upward Rally	Pair Corr
0.42	OUSTW	Ouster, Warrants	Pair Corr
0.42	ZENA	ZenaTech Tech Boost	Pair Corr
0.38	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.73	SLNHP	Soluna Holdings Preferred	Pair Corr
0.66	GPUS-PD	Hyperscale Data,	Pair Corr
0.65	ODYS	Odysightai Common Stock	Pair Corr
0.62	NXXT	NextNRG Symbol Change	Pair Corr
0.6	CORZZ	Core Scientific, Tranche	Pair Corr
0.57	NOVA	Sunnova Energy Inter	Pair Corr
0.57	TBCH	Turtle Beach Symbol Change	Pair Corr
0.55	SMTK	SmartKem, Common Stock Tech Boost	Pair Corr
0.54	SUNE	SUNation Energy Symbol Change	Pair Corr
0.52	VSTEW	Vast Renewables	Pair Corr
0.51	RZLVW	Rezolve AI Limited	Pair Corr
0.48	VEEAW	Veea Inc Symbol Change	Pair Corr
0.4	PENG	Penguin Solutions, Symbol Change	Pair Corr
0.35	INGM	Ingram Micro Holding	Pair Corr

Related Correlations Analysis

	JNPR	LITE	EXTR	CLFD	VIAV	CIEN	AAOI	CMTL	DZSI	KVHI
JNPR		0.57	0.72	0.39	-0.6	0.3	0.53	0.58	0.0	-0.01	JNPR
LITE	0.57		0.81	0.68	-0.13	0.78	0.83	0.56	0.0	0.47	LITE
EXTR	0.72	0.81		0.34	-0.43	0.55	0.86	0.74	0.0	0.14	EXTR
CLFD	0.39	0.68	0.34		-0.02	0.61	0.3	-0.03	0.0	0.73	CLFD
VIAV	-0.6	-0.13	-0.43	-0.02		0.22	-0.29	-0.49	0.0	0.37	VIAV
CIEN	0.3	0.78	0.55	0.61	0.22		0.65	0.28	0.0	0.61	CIEN
AAOI	0.53	0.83	0.86	0.3	-0.29	0.65		0.82	0.0	0.17	AAOI
CMTL	0.58	0.56	0.74	-0.03	-0.49	0.28	0.82		0.0	-0.21	CMTL
DZSI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	DZSI
KVHI	-0.01	0.47	0.14	0.73	0.37	0.61	0.17	-0.21	0.0		KVHI
	JNPR	LITE	EXTR	CLFD	VIAV	CIEN	AAOI	CMTL	DZSI	KVHI

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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

AAOI	+ 0.86	EXTR
AAOI	+ 0.83	LITE
CMTL	+ 0.82	AAOI
EXTR	+ 0.81	LITE
CIEN	+ 0.78	LITE
CMTL	+ 0.74	EXTR

High negative correlations

VIAV	- 0.6	JNPR
CMTL	- 0.49	VIAV
VIAV	- 0.43	EXTR
AAOI	- 0.29	VIAV
KVHI	- 0.21	CMTL
VIAV	- 0.13	LITE

Risk-Adjusted Indicators

There is a big difference between Infinera Stock performing well and Infinera 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 Infinera'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
JNPR	0.63	(0.03)	0.00	(0.47)	0.00	0.00	1.00	(1.07)	7.09
LITE	3.32	(0.15)	0.00	(0.17)	0.00	0.00	5.65	(7.31)	28.11
EXTR	1.62	(0.14)	0.00	(0.20)	0.00	0.00	2.67	(3.97)	9.98
CLFD	2.15	0.02	0.00	(0.07)	0.00	0.00	4.73	(5.49)	13.39
VIAV	1.71	0.20	0.09	0.18	2.38	(1.67)	2.41	(3.52)	24.77
CIEN	2.97	0.07	0.00	(0.04)	0.00	0.00	5.23	(6.13)	36.49
AAOI	6.43	(0.15)	0.00	(0.14)	0.00	0.00	12.20	(13.99)	36.80
CMTL	5.99	(0.45)	0.00	0.28	0.00	0.00	18.18	(9.39)	65.93
DZSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KVHI	1.60	(0.26)	0.00	(1.39)	0.00	0.00	2.83	(4.35)	10.18

View Infinera Related Equities

Juniper Networks Lumentum Holdings Extreme Networks Clearfield Viavi Solutions Ciena Corp Applied Opt Comtech Telecommunications Corp DZS Inc KVH Industries Aviat Networks Harmonic Knowles Cor EchoStar AudioCodes

Risk & Return

Correlation

Infinera Corporate Management

Regan MacPherson	Chief Secretary	Profile
Russ Esmacher	Marketing Strategy	Profile
Craig Cocchi	Senior Operations	Profile
David Teichmann	Chief Secretary	Profile
Robert Shore	Senior Marketing	Profile

Still Interested in Infinera?

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