NetScout Systems Correlations
| NTCT Stock | USD 21.39 0.05 0.23% |
The current 90-days correlation between NetScout Systems and Progress Software is 0.21 (i.e., Modest diversification). The correlation of NetScout Systems 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.
NetScout Systems Correlation With Market
Very weak diversification
The correlation between NetScout Systems and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NetScout Systems and DJI in the same portfolio, assuming nothing else is changed.
NetScout |
Moving against NetScout Stock
Related Correlations Analysis
| -0.21 | 0.52 | -0.06 | -0.3 | PRGS | ||
| -0.21 | 0.12 | 0.07 | 0.34 | CVLT | ||
| 0.52 | 0.12 | 0.1 | 0.55 | BLKB | ||
| -0.06 | 0.07 | 0.1 | 0.23 | ACIW | ||
| -0.3 | 0.34 | 0.55 | 0.23 | NSIT | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between NetScout Stock performing well and NetScout Systems 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 NetScout Systems' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRGS | 1.37 | (0.31) | 0.00 | (0.65) | 0.00 | 2.68 | 11.34 | |||
| CVLT | 2.00 | 0.07 | 0.00 | (0.02) | 0.00 | 4.24 | 15.27 | |||
| BLKB | 1.34 | (0.28) | 0.00 | (0.60) | 0.00 | 2.18 | 14.16 | |||
| ACIW | 1.44 | 0.12 | 0.06 | 0.03 | 1.64 | 2.10 | 11.88 | |||
| NSIT | 1.15 | 0.04 | 0.04 | 0.00 | 1.62 | 2.28 | 7.99 |
NetScout Systems Corporate Executives
Elected by the shareholders, the NetScout Systems' board of directors comprises two types of representatives: NetScout Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NetScout. The board's role is to monitor NetScout Systems' management team and ensure that shareholders' interests are well served. NetScout Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NetScout Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jean Bua | CFO and Executive VP | Profile | |
| Jean CPA | CFO, VP | Profile | |
| Michael Szabados | Vice COO | Profile | |
| Bruce Kelley | Senior CTO | Profile |