Correlation Analysis Between A10 Networks and F5 Networks

This module allows you to analyze existing cross correlation between A10 Networks and F5 Networks. You can compare the effects of market volatilities on A10 Networks and F5 Networks and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in A10 Networks with a short position of F5 Networks. See also your portfolio center. Please also check ongoing floating volatility patterns of A10 Networks and F5 Networks.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

A10 Networks  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in A10 Networks are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. Allthough quite persistent forward indicators, A10 Networks is not utilizing all of its potentials. The new stock price mess, may contribute to short term losses for the partners.
F5 Networks  
00

Risk-Adjusted Performance

Over the last 30 days F5 Networks has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite sluggish performance in the last few months, the Stock's primary indicators remain fairly stable which may send shares a bit higher in September 2019. The continuing fuss may also be a sign of long-term up-swing for the venture directors.

A10 Networks and F5 Networks Volatility Contrast

 Predicted Return Density 
      Returns 

A10 Networks Inc  vs.  F5 Networks Inc

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, A10 Networks is expected to generate 0.89 times more return on investment than F5 Networks. However, A10 Networks is 1.13 times less risky than F5 Networks. It trades about 0.05 of its potential returns per unit of risk. F5 Networks is currently generating about -0.2 per unit of risk. If you would invest  680.00  in A10 Networks on July 26, 2019 and sell it today you would earn a total of  23.00  from holding A10 Networks or generate 3.38% return on investment over 30 days.

Pair Corralation between A10 Networks and F5 Networks

0.36
Time Period2 Months [change]
DirectionPositive 
StrengthVery Weak
Accuracy97.73%
ValuesDaily Returns

Diversification Opportunities for A10 Networks and F5 Networks

A10 Networks Inc diversification synergy

Weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding A10 Networks Inc and F5 Networks Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on F5 Networks and A10 Networks is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on A10 Networks are associated (or correlated) with F5 Networks. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of F5 Networks has no effect on the direction of A10 Networks i.e. A10 Networks and F5 Networks go up and down completely randomly.
See also your portfolio center. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.


 
Search macroaxis.com