WixCom Correlations

WIX Stock

USD 66.72 2.05 2.98%

The current 90-days correlation between WixCom and Dropbox is 0.31 (i.e., Weak diversification). The correlation of WixCom 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.

WixCom Correlation With Market

Excellent diversification

The correlation between WixCom and DJI is -0.64 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WixCom and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WixCom Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WixCom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy WixCom Stock please use our How to Invest in WixCom guide.

Moving together with WixCom Stock

0.71	VRRM	Verra Mobility Corp Earnings Call This Week	Pair Corr
0.86	GDDY	Godaddy	Pair Corr
0.69	FCT	Firstwave Cloud Tech Earnings Call This Week	Pair Corr
0.72	MAPSW	WM Technology	Pair Corr
0.72	MP1	Megaport Earnings Call Tomorrow	Pair Corr
0.83	PAYS	Paysign	Pair Corr
0.7	DXN	DXN Earnings Call This Week	Pair Corr
0.64	SHOP	Shopify	Pair Corr
0.81	SNOW	Snowflake Earnings Call This Week	Pair Corr
0.68	BBAI	BigBearai Holdings	Pair Corr
0.62	ALWIT	Witbe Net SA	Pair Corr
0.84	CSAI	Cloudastructure Class	Pair Corr

Moving against WixCom Stock

0.77	VNET	VNET Group DRC Sell-off Trend	Pair Corr
0.75	DOCN	DigitalOcean Holdings Earnings Call This Week	Pair Corr
0.66	AKAM	Akamai Technologies Earnings Call Today	Pair Corr
0.44	TIG	Team Internet Group	Pair Corr
0.76	MTNOF	MTN Group Limited	Pair Corr
0.75	BCEPF	BCE Inc	Pair Corr
0.68	THXPF	Thor Explorations	Pair Corr
0.63	BRK-B	Berkshire Hathaway	Pair Corr
0.56	CORZ	Core Scientific Common	Pair Corr
0.55	CRWV	CoreWeave Class A Earnings Call This Week	Pair Corr
0.54	HYMTF	Hyundai Motor	Pair Corr
0.53	ABOS	Acumen Pharmaceuticals	Pair Corr
0.45	AVHNY	Ackermans Van Haaren	Pair Corr
0.41	SWZNF	Schweizerische Nationalbank	Pair Corr

Related Correlations Analysis

	DBX	CFLT	KVYO	DSGX	BLSH	PATH	PCTY	CORZ	SRAD	INFA
DBX		-0.75	0.76	0.64	0.77	0.43	0.73	-0.56	0.83	-0.17	DBX
CFLT	-0.75		-0.24	-0.09	-0.33	0.14	-0.26	0.4	-0.36	0.2	CFLT
KVYO	0.76	-0.24		0.9	0.84	0.79	0.92	-0.5	0.93	0.12	KVYO
DSGX	0.64	-0.09	0.9		0.87	0.89	0.88	-0.25	0.81	0.1	DSGX
BLSH	0.77	-0.33	0.84	0.87		0.76	0.72	-0.29	0.84	-0.1	BLSH
PATH	0.43	0.14	0.79	0.89	0.76		0.73	-0.14	0.72	0.11	PATH
PCTY	0.73	-0.26	0.92	0.88	0.72	0.73		-0.41	0.83	0.24	PCTY
CORZ	-0.56	0.4	-0.5	-0.25	-0.29	-0.14	-0.41		-0.63	0.01	CORZ
SRAD	0.83	-0.36	0.93	0.81	0.84	0.72	0.83	-0.63		-0.01	SRAD
INFA	-0.17	0.2	0.12	0.1	-0.1	0.11	0.24	0.01	-0.01		INFA
	DBX	CFLT	KVYO	DSGX	BLSH	PATH	PCTY	CORZ	SRAD	INFA

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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

SRAD	+ 0.93	KVYO
PCTY	+ 0.92	KVYO
DSGX	+ 0.9	KVYO
PATH	+ 0.89	DSGX
PCTY	+ 0.88	DSGX
BLSH	+ 0.87	DSGX

High negative correlations

CFLT	- 0.75	DBX
SRAD	- 0.63	CORZ
CORZ	- 0.56	DBX
CORZ	- 0.5	KVYO
CORZ	- 0.41	PCTY
SRAD	- 0.36	CFLT

Risk-Adjusted Indicators

There is a big difference between WixCom Stock performing well and WixCom 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 WixCom'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
DBX	1.18	(0.35)	0.00	(0.60)	0.00	0.00	2.29	(2.45)	10.35
CFLT	1.29	0.39	0.23	1.32	0.91	(1.52)	2.56	(2.75)	29.51
KVYO	2.91	(0.71)	0.00	(0.43)	0.00	0.00	4.30	(9.11)	18.32
DSGX	1.63	(0.37)	0.00	(0.69)	0.00	0.00	2.16	(3.74)	23.15
BLSH	3.37	(0.54)	0.00	(0.19)	0.00	0.00	7.51	(6.26)	17.29
PATH	3.13	(0.34)	0.00	(0.18)	0.00	0.00	6.71	(6.09)	34.09
PCTY	1.62	(0.45)	0.00	(1.26)	0.00	0.00	2.81	(5.39)	12.18
CORZ	3.32	0.08	0.03	0.07	3.75	(3.95)	7.30	(7.79)	18.78
SRAD	1.53	(0.45)	0.00	(0.73)	0.00	0.00	2.44	(4.11)	8.55
INFA	0.09	(0.01)	(0.26)	(0.25)	0.12	(0.11)	0.16	(0.16)	1.08

WixCom Corporate Executives

Elected by the shareholders, the WixCom's board of directors comprises two types of representatives: WixCom inside directors who are chosen from within the company, and outside directors, selected externally and held independent of WixCom. The board's role is to monitor WixCom's management team and ensure that shareholders' interests are well served. WixCom'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, WixCom's outside directors are responsible for providing unbiased perspectives on the board's policies.

Nadav Abrahami

CoFounder Development

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