AKAM (AKAM)
Daily ERM3 factor decomposition: how much of AKAM's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $112.85
- Market cap
- $16.4B
- 23-day vol
- 55.4%
- Sector proxy
- XLK
- Subsector proxy
- IGV
Risk DNA
5% of AKAM's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 4.7%Sector 0.9%Subsector 0.0%Stock-specific 94.4%
ETF hedge ratios
Dollars of ETF to short per $1 of AKAM held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLK) | Subsector (IGV) | Explained risk |
|---|---|---|---|---|
| L1 | $-1.13 | — | — | 4.8% |
| L2 | $-0.55 | $-0.34 | — | 5.7% |
| L3 | $-0.57 | $-0.20 | $-0.19 | 4.6% |
Data as of July 28, 2026. Updated daily from the ERM3 pipeline.
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