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ERIC vs. CIEN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between ERIC and CIEN is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.4

Performance

ERIC vs. CIEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Telefonaktiebolaget LM Ericsson (publ) (ERIC) and Ciena Corporation (CIEN). The values are adjusted to include any dividend payments, if applicable.

-60.00%-50.00%-40.00%-30.00%-20.00%JulyAugustSeptemberOctoberNovemberDecember
-28.55%
-32.53%
ERIC
CIEN

Key characteristics

Sharpe Ratio

ERIC:

1.33

CIEN:

2.48

Sortino Ratio

ERIC:

2.03

CIEN:

2.98

Omega Ratio

ERIC:

1.25

CIEN:

1.44

Calmar Ratio

ERIC:

0.41

CIEN:

1.05

Martin Ratio

ERIC:

4.37

CIEN:

6.38

Ulcer Index

ERIC:

8.79%

CIEN:

15.75%

Daily Std Dev

ERIC:

28.83%

CIEN:

40.52%

Max Drawdown

ERIC:

-98.60%

CIEN:

-99.51%

Current Drawdown

ERIC:

-88.64%

CIEN:

-91.65%

Fundamentals

Market Cap

ERIC:

$27.48B

CIEN:

$12.57B

EPS

ERIC:

-$0.04

CIEN:

$0.58

PEG Ratio

ERIC:

3.53

CIEN:

0.77

Total Revenue (TTM)

ERIC:

$246.85B

CIEN:

$2.89B

Gross Profit (TTM)

ERIC:

$106.81B

CIEN:

$1.20B

EBITDA (TTM)

ERIC:

$43.67B

CIEN:

$229.07M

Returns By Period

In the year-to-date period, ERIC achieves a 33.31% return, which is significantly lower than CIEN's 94.13% return. Over the past 10 years, ERIC has underperformed CIEN with an annualized return of -1.34%, while CIEN has yielded a comparatively higher 16.02% annualized return.


ERIC

YTD

33.31%

1M

0.88%

6M

37.63%

1Y

36.34%

5Y*

1.46%

10Y*

-1.34%

CIEN

YTD

94.13%

1M

31.44%

6M

80.35%

1Y

99.68%

5Y*

15.59%

10Y*

16.02%

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Risk-Adjusted Performance

ERIC vs. CIEN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Telefonaktiebolaget LM Ericsson (publ) (ERIC) and Ciena Corporation (CIEN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for ERIC, currently valued at 1.33, compared to the broader market-4.00-2.000.002.001.332.48
The chart of Sortino ratio for ERIC, currently valued at 2.03, compared to the broader market-4.00-2.000.002.004.002.032.98
The chart of Omega ratio for ERIC, currently valued at 1.25, compared to the broader market0.501.001.502.001.251.44
The chart of Calmar ratio for ERIC, currently valued at 0.41, compared to the broader market0.002.004.006.000.411.05
The chart of Martin ratio for ERIC, currently valued at 4.37, compared to the broader market-5.000.005.0010.0015.0020.0025.004.376.38
ERIC
CIEN

The current ERIC Sharpe Ratio is 1.33, which is lower than the CIEN Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of ERIC and CIEN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
1.33
2.48
ERIC
CIEN

Dividends

ERIC vs. CIEN - Dividend Comparison

ERIC's dividend yield for the trailing twelve months is around 3.25%, while CIEN has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
ERIC
Telefonaktiebolaget LM Ericsson (publ)
3.25%4.05%4.27%2.18%1.36%1.24%1.42%1.68%7.36%4.10%3.82%3.54%
CIEN
Ciena Corporation
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ERIC vs. CIEN - Drawdown Comparison

The maximum ERIC drawdown since its inception was -98.60%, roughly equal to the maximum CIEN drawdown of -99.51%. Use the drawdown chart below to compare losses from any high point for ERIC and CIEN. For additional features, visit the drawdowns tool.


-96.00%-94.00%-92.00%-90.00%-88.00%JulyAugustSeptemberOctoberNovemberDecember
-88.64%
-91.65%
ERIC
CIEN

Volatility

ERIC vs. CIEN - Volatility Comparison

The current volatility for Telefonaktiebolaget LM Ericsson (publ) (ERIC) is 4.80%, while Ciena Corporation (CIEN) has a volatility of 18.11%. This indicates that ERIC experiences smaller price fluctuations and is considered to be less risky than CIEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
4.80%
18.11%
ERIC
CIEN

Financials

ERIC vs. CIEN - Financials Comparison

This section allows you to compare key financial metrics between Telefonaktiebolaget LM Ericsson (publ) and Ciena Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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