CALIX Correlations

CXL Stock

1.70 0.02 1.19%

The current 90-days correlation between CALIX and Aneka Tambang TBK is -0.03 (i.e., Good 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

Poor diversification

The correlation between CALIX and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CALIX and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CALIX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CALIX 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 CALIX - 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 CALIX to buy it.

Moving together with CALIX Stock

0.86	EVN	Evolution Mining	Pair Corr
0.86	AAI	Alcoa	Pair Corr
0.94	BSL	Bluescope Steel Earnings Call This Week	Pair Corr
0.89	SFR	Sandfire Resources Earnings Call This Week	Pair Corr
0.9	RMS	Ramelius Resources Earnings Call This Week	Pair Corr
0.76	GMD	Genesis Minerals Earnings Call This Week	Pair Corr
0.83	MQG	Macquarie Group	Pair Corr
0.85	RIO	RIO Tinto Earnings Call This Week	Pair Corr
0.63	CBAPM	Commonwealth Bank	Pair Corr
0.86	NEM	Newmont Earnings Call This Week	Pair Corr
0.81	EMP	Emperor Energy	Pair Corr
0.78	RB6	RUBIX Resources	Pair Corr
0.87	WAF	West African Resources	Pair Corr
0.92	RND	Rand Mining	Pair Corr
0.88	CY5	CYGNUS Metals	Pair Corr
0.81	RRL	Regis Resources Earnings Call This Week	Pair Corr
0.93	RF1	Regal Investment	Pair Corr
0.86	RAG	Ragnar Metals	Pair Corr
0.91	WWI	West Wits Mining	Pair Corr
0.76	1AD	Adalta Earnings Call This Week	Pair Corr
0.82	WOW	Woolworths Group	Pair Corr
0.93	EZL	EUROZ Hartleys Group	Pair Corr
0.79	PLS	Pilbara Minerals Earnings Call This Week	Pair Corr
0.83	WR1	Winsome Resources	Pair Corr
0.66	PIQ	Proteomics International	Pair Corr
0.77	PPY	Papyrus Australia	Pair Corr
0.84	GGR	Golden Globe Resources	Pair Corr
0.88	AEG	ALANDEQGRP FPO	Pair Corr

Moving against CALIX Stock

0.44	CSL	CSL	Pair Corr
0.37	XYZ	Block Inc Earnings Call This Week	Pair Corr
0.34	RMD	Resmed Inc	Pair Corr
0.36	SPX	Spenda Split	Pair Corr

Related Correlations Analysis

	NST	EVN	AAI	BSL	SFR	RMS	GMD	ATM
NST		0.7	0.3	0.48	0.49	0.57	0.44	0.54	NST
EVN	0.7		0.78	0.84	0.9	0.93	0.76	0.45	EVN
AAI	0.3	0.78		0.88	0.91	0.9	0.87	0.03	AAI
BSL	0.48	0.84	0.88		0.91	0.91	0.77	0.42	BSL
SFR	0.49	0.9	0.91	0.91		0.96	0.84	0.31	SFR
RMS	0.57	0.93	0.9	0.91	0.96		0.9	0.32	RMS
GMD	0.44	0.76	0.87	0.77	0.84	0.9		0.08	GMD
ATM	0.54	0.45	0.03	0.42	0.31	0.32	0.08		ATM
	NST	EVN	AAI	BSL	SFR	RMS	GMD	ATM

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
NST	2.40	0.32	0.07	4.32	3.53	(2.31)	4.07	(5.61)	13.67
EVN	2.34	0.63	0.19	1.60	2.48	(2.61)	4.54	(4.60)	15.90
AAI	2.50	0.67	0.19	0.88	2.85	(2.75)	6.21	(5.23)	15.79
BSL	1.53	0.46	0.38	1.63	0.67	(2.23)	3.38	(1.59)	22.73
SFR	1.70	0.34	0.10	4.24	2.32	(1.62)	4.04	(3.93)	12.09
RMS	2.42	0.49	0.14	1.01	2.93	(2.63)	6.30	(5.33)	13.99
GMD	2.52	0.33	0.07	1.39	3.63	(2.49)	4.48	(6.02)	17.50
ATM	1.40	0.10	0.01	0.65	2.18	(2.43)	4.21	(6.06)	11.36

Be your own money manager

Our tools can tell you how much better you can do entering a position in CALIX 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 Portfolio Suggestion Now

Portfolio Suggestion

Get suggestions outside of your existing asset allocation including your own model portfolios

All Next

Launch Module

CALIX Corporate Management

Elected by the shareholders, the CALIX's board of directors comprises two types of representatives: CALIX inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CALIX. The board's role is to monitor CALIX's management team and ensure that shareholders' interests are well served. CALIX's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CALIX's outside directors are responsible for providing unbiased perspectives on the board's policies.

Audrey Barucchi	Culture Sustainability	Profile
Vanessa Mayne	Sustainability Manager	Profile
Bill Karis	Gen Sales	Profile
Daniel Rennie	Chief Group	Profile
Louise Keyte	Chief Processing	Profile

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