NETGEAR Correlations

NTGR Stock

USD 24.04 1.03 4.11%

The current 90-days correlation between NETGEAR and Pharvaris BV is 0.03 (i.e., Significant diversification). The correlation of NETGEAR 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.

NETGEAR Correlation With Market

Modest diversification

The correlation between NETGEAR and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NETGEAR and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NETGEAR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

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

Moving together with NETGEAR Stock

0.86	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.81	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.71	AEIS	Advanced Energy Indu	Pair Corr
0.66	CMWCF	Cromwell Property	Pair Corr
0.63	PBMRF	PT Bumi Resources	Pair Corr
0.85	T	ATT Inc Aggressive Push	Pair Corr
0.78	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.84	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.86	WMT	Walmart Aggressive Push	Pair Corr
0.79	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.7	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.73	HD	Home Depot Sell-off Trend	Pair Corr
0.88	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Moving against NETGEAR Stock

0.7	MCHP	Microchip Technology	Pair Corr
0.69	TER	Teradyne	Pair Corr
0.64	LGMK	LogicMark	Pair Corr
0.59	ARW	Arrow Electronics	Pair Corr
0.35	GFAI	Guardforce AI	Pair Corr
0.79	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.79	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.76	BKRKF	PT Bank Rakyat	Pair Corr
0.64	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.38	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	KVHI	MRK	PHVS	EAT	AA	EURL	COLL	OWL	AMMX	FQIFX
KVHI		-0.51	0.09	0.59	0.63	-0.54	-0.44	0.58	-0.22	0.24	KVHI
MRK	-0.51		-0.58	-0.95	-0.84	0.9	0.84	-0.86	-0.13	0.06	MRK
PHVS	0.09	-0.58		0.62	0.53	-0.56	-0.52	0.61	-0.23	-0.19	PHVS
EAT	0.59	-0.95	0.62		0.87	-0.92	-0.87	0.87	0.0	-0.01	EAT
AA	0.63	-0.84	0.53	0.87		-0.66	-0.58	0.94	-0.05	0.34	AA
EURL	-0.54	0.9	-0.56	-0.92	-0.66		0.91	-0.72	-0.07	0.23	EURL
COLL	-0.44	0.84	-0.52	-0.87	-0.58	0.91		-0.61	-0.11	0.32	COLL
OWL	0.58	-0.86	0.61	0.87	0.94	-0.72	-0.61		0.02	0.28	OWL
AMMX	-0.22	-0.13	-0.23	0.0	-0.05	-0.07	-0.11	0.02		-0.02	AMMX
FQIFX	0.24	0.06	-0.19	-0.01	0.34	0.23	0.32	0.28	-0.02		FQIFX
	KVHI	MRK	PHVS	EAT	AA	EURL	COLL	OWL	AMMX	FQIFX

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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

OWL	+ 0.94	AA
COLL	+ 0.91	EURL
EURL	+ 0.9	MRK
AA	+ 0.87	EAT
OWL	+ 0.87	EAT
COLL	+ 0.84	MRK

High negative correlations

EAT	- 0.95	MRK
EURL	- 0.92	EAT
COLL	- 0.87	EAT
OWL	- 0.86	MRK
AA	- 0.84	MRK
OWL	- 0.72	EURL

Risk-Adjusted Indicators

There is a big difference between NETGEAR Stock performing well and NETGEAR 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 NETGEAR'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
KVHI	1.74	0.21	0.08	0.51	1.63	(2.20)	4.42	(2.92)	10.42
MRK	0.89	(0.23)	0.00	(0.76)	0.00	0.00	2.00	(2.13)	4.89
PHVS	2.94	0.25	0.09	0.29	2.99	(3.63)	7.76	(6.02)	21.41
EAT	1.87	0.79	0.46	0.75	1.25	(2.44)	5.04	(2.48)	11.91
AA	2.45	0.29	0.14	0.27	2.61	(2.76)	6.10	(5.76)	14.99
EURL	2.00	(0.56)	0.00	(0.38)	0.00	0.00	2.74	(5.13)	12.68
COLL	1.88	(0.41)	0.00	(0.22)	0.00	0.00	3.23	(4.47)	12.29
OWL	1.62	0.30	0.21	0.28	1.57	(1.86)	3.66	(2.80)	12.59
AMMX	3.48	(0.41)	0.00	0.41	0.00	0.00	5.71	(7.14)	58.33
FQIFX	0.31	0.00	(0.26)	0.24	0.38	(0.33)	0.67	(0.77)	1.81

NETGEAR Corporate Management

Andrew Kim	Sr. VP of Corporate Devel., General Counsel and Corporate Secretary	Profile
Martin Westhead	Chief Software	Profile
Kirsten Daru	General Officer	Profile
Bryan CPA	Chief Officer	Profile

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