Juniper Networks Correlations

JNPR Stock

USD 36.05 0.11 0.30%

The current 90-days correlation between Juniper Networks and Motorola Solutions is 0.06 (i.e., Significant diversification). The correlation of Juniper 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.

Juniper Networks Correlation With Market

Significant diversification

The correlation between Juniper Networks and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Juniper Networks 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 Juniper 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 american community survey.

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

Moving against Juniper Stock

0.81	IBM	International Business	Pair Corr
0.75	AVAL	Grupo Aval	Pair Corr
0.73	BAOB	Baraboo Bancorporation	Pair Corr
0.68	AXSM	Axsome Therapeutics	Pair Corr
0.66	NVRO	Nevro Corp	Pair Corr
0.65	BCH	Banco De Chile	Pair Corr
0.65	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.6	TCTZF	Tencent Holdings	Pair Corr
0.57	GROV	Virgin Group Acquisition	Pair Corr
0.57	DNCVF	Defiance Silver Corp	Pair Corr
0.5	CDR-PB	Cedar Realty Trust	Pair Corr
0.46	WF	Woori Financial Group	Pair Corr
0.45	CSCO	Cisco Systems	Pair Corr
0.4	CBYDF	Corby Spirit	Pair Corr
0.39	BAC-PL	Bank of America	Pair Corr
0.31	WFC-PL	Wells Fargo	Pair Corr

Related Correlations Analysis

	INFN	LITE	EXTR	CLFD	NTGR	HLIT	DGII	CSCO	NOK	MSI
INFN		-0.61	-0.41	-0.73	-0.6	-0.29	-0.31	0.04	0.52	-0.69	INFN
LITE	-0.61		0.82	0.72	0.71	0.71	0.37	-0.37	-0.77	0.86	LITE
EXTR	-0.41	0.82		0.4	0.48	0.86	0.21	-0.57	-0.82	0.68	EXTR
CLFD	-0.73	0.72	0.4		0.53	0.24	0.28	0.0	-0.48	0.64	CLFD
NTGR	-0.6	0.71	0.48	0.53		0.31	0.62	0.0	-0.53	0.81	NTGR
HLIT	-0.29	0.71	0.86	0.24	0.31		-0.13	-0.76	-0.83	0.61	HLIT
DGII	-0.31	0.37	0.21	0.28	0.62	-0.13		0.38	-0.09	0.36	DGII
CSCO	0.04	-0.37	-0.57	0.0	0.0	-0.76	0.38		0.59	-0.4	CSCO
NOK	0.52	-0.77	-0.82	-0.48	-0.53	-0.83	-0.09	0.59		-0.77	NOK
MSI	-0.69	0.86	0.68	0.64	0.81	0.61	0.36	-0.4	-0.77		MSI
	INFN	LITE	EXTR	CLFD	NTGR	HLIT	DGII	CSCO	NOK	MSI

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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

MSI	+ 0.86	LITE
HLIT	+ 0.86	EXTR
EXTR	+ 0.82	LITE
MSI	+ 0.81	NTGR
CLFD	+ 0.72	LITE
NTGR	+ 0.71	LITE

High negative correlations

NOK	- 0.83	HLIT
NOK	- 0.82	EXTR
MSI	- 0.77	NOK
NOK	- 0.77	LITE
CSCO	- 0.76	HLIT
CLFD	- 0.73	INFN

Risk-Adjusted Indicators

There is a big difference between Juniper Stock performing well and Juniper 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 Juniper 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
INFN	0.23	(0.01)	0.19	0.03	0.26	(0.29)	0.46	(0.45)	1.52
LITE	3.33	(0.28)	0.00	(0.22)	0.00	0.00	5.65	(7.31)	28.11
EXTR	1.61	(0.20)	0.00	(0.23)	0.00	0.00	2.67	(3.97)	9.98
CLFD	2.15	0.04	0.00	(0.03)	0.00	0.00	4.73	(5.49)	13.39
NTGR	2.24	(0.02)	0.00	(0.09)	0.00	0.00	4.41	(5.11)	12.12
HLIT	1.72	(0.32)	0.00	(0.59)	0.00	0.00	3.51	(3.39)	18.88
DGII	1.98	(0.10)	0.00	(0.15)	0.00	0.00	3.38	(4.09)	21.42
CSCO	0.84	0.09	0.08	0.08	1.28	(0.83)	1.61	(1.69)	6.60
NOK	1.29	0.32	0.20	0.38	1.31	(1.52)	2.83	(2.59)	8.49
MSI	0.98	(0.10)	0.00	(0.20)	0.00	0.00	1.99	(2.78)	8.03

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