ADTRAN Correlations
| ADTN Stock | USD 4.78 0.04 0.84% |
The correlation of ADTRAN 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ADTRAN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADTRAN Inc 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.
Very weak diversification
The correlation between ADTRAN Inc and NYA is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ADTRAN Inc and NYA in the same portfolio, assuming nothing else is changed.
ADTRAN |
The ability to find closely correlated positions to ADTRAN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADTRAN 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 ADTRAN - 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 ADTRAN Inc to buy it.
Moving together with ADTRAN Stock
| 0.81 | INTC | Intel Earnings Call Tomorrow | PairCorr |
| 0.72 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.93 | BA | Boeing Earnings Call Today | PairCorr |
Moving against ADTRAN Stock
| 0.95 | GE | GE Aerospace Buyout Trend | PairCorr |
| 0.94 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.85 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
| 0.8 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.79 | DIS | Walt Disney Report 8th of May 2024 | PairCorr |
| 0.78 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.77 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.76 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.75 | MMM | 3M Company Earnings Call This Week | PairCorr |
| 0.7 | FSTF | First State Financial | PairCorr |
| 0.7 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.61 | TRV | The Travelers Companies Financial Report 18th of July 2024 | PairCorr |
| 0.47 | MRK | Merck Company Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between ADTRAN Stock performing well and ADTRAN 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 ADTRAN'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DM | 5.58 | 0.56 | 0.11 | 0.27 | 5.81 | 15.22 | 34.49 | |||
| FN | 2.37 | (0.33) | 0.00 | (0.26) | 0.00 | 5.43 | 22.29 | |||
| KE | 1.69 | (0.27) | 0.00 | (0.10) | 0.00 | 4.02 | 18.10 | |||
| KN | 1.31 | (0.21) | 0.00 | (0.05) | 0.00 | 2.67 | 8.35 | |||
| DSWL | 1.24 | (0.18) | 0.00 | (0.65) | 0.00 | 2.22 | 9.98 | |||
| AMPGW | 8.08 | 1.05 | 0.06 | 0.54 | 8.44 | 36.36 | 81.21 | |||
| VIAO | 5.70 | (1.74) | 0.00 | (0.36) | 0.00 | 6.49 | 41.84 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ADTRAN without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Price Transformation Now
Price TransformationUse Price Transformation models to analyze the depth of different equity instruments across global markets |
| All Next | Launch Module |
ADTRAN Corporate Directors
ADTRAN corporate directors refer to members of an ADTRAN board of directors. The board of directors generally takes responsibility for the ADTRAN's 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 ADTRAN's board members must vote for the resolution. The ADTRAN board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jacqueline Rice | Director | Profile | |
| Roy Nichols | Lead Independent Director | Profile | |
| Gregory McCray | Director | Profile | |
| Kathryn Walker | Director | Profile |
Already Invested in ADTRAN Inc?
The danger of trading ADTRAN Inc 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 ADTRAN 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 ADTRAN. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ADTRAN Inc 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.
When determining whether ADTRAN Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ADTRAN's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Adtran Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Adtran Inc Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ADTRAN Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for ADTRAN Stock analysis
When running ADTRAN's price analysis, check to measure ADTRAN's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ADTRAN is operating at the current time. Most of ADTRAN's value examination focuses on studying past and present price action to predict the probability of ADTRAN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ADTRAN's price. Additionally, you may evaluate how the addition of ADTRAN to your portfolios can decrease your overall portfolio volatility.
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |
Is ADTRAN's 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 ADTRAN. If investors know ADTRAN 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 ADTRAN 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 (0.60) | Dividend Share 0.18 | Earnings Share (3.41) | Revenue Per Share 14.654 | Quarterly Revenue Growth (0.37) |
The market value of ADTRAN Inc is measured differently than its book value, which is the value of ADTRAN that is recorded on the company's balance sheet. Investors also form their own opinion of ADTRAN's value that differs from its market value or its book value, called intrinsic value, which is ADTRAN's 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 ADTRAN's market value can be influenced by many factors that don't directly affect ADTRAN's 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 ADTRAN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ADTRAN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ADTRAN's 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.