A10 Networks Correlations

ATEN
 Stock
  

USD 15.84  0.60  3.65%   

The correlation of A10 Networks is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as A10 Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if A10 Networks moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to A10 Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace A10 Networks when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back A10 Networks - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling A10 Networks to buy it.

Moving together with A10 Networks

0.89ADBEAdobe Systems Fiscal Year End 15th of December 2022 PairCorr
0.81AKAMAkamai TechnologiesPairCorr
0.65ALTRAltair EngineeringPairCorr
0.72ARBEArbe RoboticsPairCorr
0.8AVDXAvidxchange HoldingsPairCorr
0.66AVPTAvepoint Inc ClPairCorr
0.72BBBlackberryPairCorr
0.73BKKTBakkt Hldgs Normal TradingPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
BBADBE
AVDXAKAM
AVDXADBE
MCDWMT
BKIAKAM
AKAMADBE
  
High negative correlations   
MCDINTC
MCDBKI
INTCWMT
INTCALTR
INTCBB
WMTBL

A10 Networks Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between A10 Networks Stock performing well and A10 Networks company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze A10 Networks' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
ADBE 1.89  0.00  0.01  0.05  2.56  0.0122 (1.86)  3.56 (3.24)  13.17 
AKAM 1.37 (0.06)  0.00 (0.01)  0.00 (0.0341)  0.00  2.42 (2.41)  8.97 
ALTR 1.97  0.04  0.02  0.08  2.46  0.0195 (2.20)  4.05 (3.81)  12.37 
AVDX 3.27  0.13  0.04  0.13  3.53  0.0387 (3.69)  7.24 (6.49)  16.79 
BB 2.95  0.05  0.02  0.07  4.01  0.027 (2.72)  5.64 (5.63)  16.15 
BKI 1.13 (0.12)  0.00 (0.21)  0.00 (0.10)  0.00  2.38 (2.29)  5.37 
BL 2.83  0.20  0.06  0.19  3.25  0.06 (3.11)  6.85 (5.40)  19.59 
WMT 1.31  0.04  0.01  0.10  2.29  0.0176 (1.17)  2.86 (2.75)  10.88 
INTC 1.68 (0.37)  0.00 (0.27)  0.00 (0.16)  0.00  3.11 (3.61)  12.47 
MCD 0.93  0.12  0.09  0.23  1.03  0.09 (1.03)  2.22 (1.55)  4.71 

Similar Equity Warning - ATEN

A10 Networks was forked

The entity A10 Networks with a symbol ATEN was recently forked. You can potentially use ENTERTAINMENT INC with a symbol ATEN1 from now on.

A10 Networks Corporate Directors

A10 Networks corporate directors refer to members of an A10 Networks board of directors. The board of directors generally takes responsibility for the A10 Networks' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of A10 Networks' board members must vote for the resolution. The A10 Networks board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Phillip Salsbury - Lead Independent DirectorProfile
Tor Braham - Independent DirectorProfile
Eric Singer - Lead Independent DirectorProfile
Peter Chung - Independent DirectorProfile

Invested in A10 Networks?

You need to understand the risk of investing before taking a position in A10 Networks. The danger of trading A10 Networks is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of A10 Networks is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than A10 Networks. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile A10 Networks is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the A10 Networks information on this page should be used as a complementary analysis to other A10 Networks' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

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Is A10 Networks' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of A10 Networks. If investors know A10 Networks will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about A10 Networks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.63
Market Capitalization
1.2 B
Quarterly Revenue Growth YOY
0.15
Return On Assets
0.0795
Return On Equity
0.64
The market value of A10 Networks is measured differently than its book value, which is the value of A10 Networks that is recorded on the company's balance sheet. Investors also form their own opinion of A10 Networks' value that differs from its market value or its book value, called intrinsic value, which is A10 Networks' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because A10 Networks' market value can be influenced by many factors that don't directly affect A10 Networks' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between A10 Networks' value and its price as these two are different measures arrived at by different means. Investors typically determine A10 Networks value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, A10 Networks' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.