Calix Correlations

CALX Stock

USD 48.12 0.80 1.69%

The current 90-days correlation between Calix Inc and Zeta Global Holdings is 0.23 (i.e., Modest diversification). The correlation of Calix 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Calix Correlation With Market

Very good diversification

The correlation between Calix Inc and DJI is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calix Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Calix Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calix Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Calix Stock

0.7	BOSC	BOS Better Online	Pair Corr
0.69	NDEKY	Nitto Denko Corp	Pair Corr

Moving against Calix Stock

0.74	NFPDF	Nissin Foods Holdings	Pair Corr
0.73	FMCB	Farmers Merchants Bancorp	Pair Corr
0.69	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.69	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.68	BNKHF	BOC Hong Kong	Pair Corr
0.64	ET	Evertz Technologies	Pair Corr
0.61	MWE	MTI Wireless Edge	Pair Corr
0.61	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.6	FCAP	First Capital Trending	Pair Corr
0.59	NFG	National Fuel Gas	Pair Corr
0.51	GGLDF	Getchell Gold Corp	Pair Corr
0.44	FUWAF	Furukawa Electric	Pair Corr
0.39	SECVY	Seche Environnement	Pair Corr

Related Correlations Analysis

	DGNX	ZETA	OS	COMP	VIA	WK	NAVN	BILL	CLSK	BTDR
DGNX		-0.53	-0.42	-0.93	0.95	0.42	0.44	-0.06	0.53	0.54	DGNX
ZETA	-0.53		0.55	0.56	-0.42	-0.06	0.28	0.22	-0.11	-0.06	ZETA
OS	-0.42	0.55		0.6	-0.32	-0.29	-0.02	-0.5	-0.13	0.08	OS
COMP	-0.93	0.56	0.6		-0.9	-0.41	-0.39	-0.09	-0.41	-0.42	COMP
VIA	0.95	-0.42	-0.32	-0.9		0.34	0.48	-0.09	0.59	0.64	VIA
WK	0.42	-0.06	-0.29	-0.41	0.34		0.39	0.57	0.01	-0.23	WK
NAVN	0.44	0.28	-0.02	-0.39	0.48	0.39		0.27	0.23	0.33	NAVN
BILL	-0.06	0.22	-0.5	-0.09	-0.09	0.57	0.27		-0.15	-0.44	BILL
CLSK	0.53	-0.11	-0.13	-0.41	0.59	0.01	0.23	-0.15		0.83	CLSK
BTDR	0.54	-0.06	0.08	-0.42	0.64	-0.23	0.33	-0.44	0.83		BTDR
	DGNX	ZETA	OS	COMP	VIA	WK	NAVN	BILL	CLSK	BTDR

Please upgrade your account to get full access to Macroaxis premium features

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

VIA	+ 0.95	DGNX
BTDR	+ 0.83	CLSK
BTDR	+ 0.64	VIA
COMP	+ 0.6	OS
CLSK	+ 0.59	VIA
BILL	+ 0.57	WK

High negative correlations

COMP	- 0.93	DGNX
VIA	- 0.9	COMP
ZETA	- 0.53	DGNX
BILL	- 0.5	OS
BTDR	- 0.44	BILL
BTDR	- 0.42	COMP

Risk-Adjusted Indicators

There is a big difference between Calix Stock performing well and Calix 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 Calix'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
DGNX	8.25	(3.33)	0.00	2.45	0.00	0.00	17.74	(21.43)	58.12
ZETA	3.24	(0.05)	0.01	0.03	3.88	(3.34)	8.32	(5.77)	28.98
OS	2.61	0.42	0.14	0.33	2.30	(3.33)	5.27	(4.43)	29.57
COMP	2.26	0.71	0.38	0.97	1.45	(3.19)	7.28	(3.31)	14.23
VIA	3.23	(1.37)	0.00	(1.95)	0.00	0.00	6.02	(7.74)	18.71
WK	1.56	(0.28)	0.00	(1.14)	0.00	0.00	3.07	(3.80)	12.02
NAVN	4.02	(0.95)	0.00	(0.55)	0.00	0.00	6.74	(9.32)	21.66
BILL	2.34	(0.45)	0.00	(0.25)	0.00	0.00	3.55	(4.64)	18.79
CLSK	4.74	(0.68)	0.00	(0.30)	0.00	0.00	12.27	(8.72)	33.02
BTDR	4.56	(0.74)	0.00	(0.53)	0.00	0.00	8.05	(9.13)	23.93

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC