WixCom Correlations

WIX Stock

USD 104.98 0.52 0.49%

The current 90-days correlation between WixCom and Dropbox is 0.22 (i.e., Modest 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

Average diversification

The correlation between WixCom and DJI is 0.15 (i.e., Average 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

0.78	300383	Beijing Sinnet Technology	Pair Corr
0.78	VNET	VNET Group DRC	Pair Corr
0.87	VRRM	Verra Mobility Corp	Pair Corr
0.63	VRSN	VeriSign	Pair Corr
0.9	NXT	NEXTDC	Pair Corr
0.87	GDDY	Godaddy	Pair Corr
0.76	FCT	Firstwave Cloud Tech	Pair Corr
0.66	TIG	Team Internet Group	Pair Corr
0.88	900901	Inesa Intelligent Tech	Pair Corr
0.77	MAPSW	WM Technology	Pair Corr
0.79	MP1	Megaport	Pair Corr
0.8	300017	Wangsu Science Tech	Pair Corr
0.61	PAYS	Paysign	Pair Corr
0.85	PSFE	Paysafe	Pair Corr
0.86	DXN	DXN	Pair Corr
0.64	300541	Beijing Advanced Digital	Pair Corr
0.85	AMOD	Alpha Modus Holdings,	Pair Corr
0.8	CRWV	CoreWeave, Class A	Pair Corr
0.66	CSAI	Cloudastructure, Class	Pair Corr
0.7	000034	Digital China Group	Pair Corr

Moving against WixCom Stock

0.75	TCX	Tucows Inc	Pair Corr
0.74	DOCN	DigitalOcean Holdings	Pair Corr
0.68	FSLY	Fastly, Class A	Pair Corr
0.62	GDYN	Grid Dynamics Holdings	Pair Corr
0.6	MDB	MongoDB	Pair Corr
0.86	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.77	BMYMP	Bristol Myers Squibb	Pair Corr
0.74	AKAM	Akamai Technologies	Pair Corr
0.73	AAPL	Apple Inc	Pair Corr
0.72	TWLO	Twilio Inc	Pair Corr
0.65	STAG	STAG Industrial	Pair Corr
0.5	AVGO	Broadcom Aggressive Push	Pair Corr
0.47	DTSTW	Data Storage	Pair Corr

Related Correlations Analysis

	DBX	CFLT	KVYO	DSGX	BLSH	PATH	PCTY	CORZ	SRAD	INFA
DBX		-0.62	0.19	-0.14	0.19	-0.63	0.28	-0.02	0.23	0.03	DBX
CFLT	-0.62		0.44	-0.03	-0.47	0.66	-0.16	-0.32	-0.43	-0.02	CFLT
KVYO	0.19	0.44		-0.2	-0.34	-0.05	0.28	-0.52	-0.24	-0.17	KVYO
DSGX	-0.14	-0.03	-0.2		0.8	0.4	0.6	0.34	0.78	-0.46	DSGX
BLSH	0.19	-0.47	-0.34	0.8		-0.05	0.62	0.44	0.84	-0.3	BLSH
PATH	-0.63	0.66	-0.05	0.4	-0.05		-0.2	0.16	-0.1	-0.06	PATH
PCTY	0.28	-0.16	0.28	0.6	0.62	-0.2		-0.27	0.59	-0.51	PCTY
CORZ	-0.02	-0.32	-0.52	0.34	0.44	0.16	-0.27		0.52	-0.07	CORZ
SRAD	0.23	-0.43	-0.24	0.78	0.84	-0.1	0.59	0.52		-0.5	SRAD
INFA	0.03	-0.02	-0.17	-0.46	-0.3	-0.06	-0.51	-0.07	-0.5		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	+ 0.84	BLSH
BLSH	+ 0.8	DSGX
SRAD	+ 0.78	DSGX
PATH	+ 0.66	CFLT
PCTY	+ 0.62	BLSH
PCTY	+ 0.6	DSGX

High negative correlations

PATH	- 0.63	DBX
CFLT	- 0.62	DBX
CORZ	- 0.52	KVYO
INFA	- 0.51	PCTY
INFA	- 0.5	SRAD
BLSH	- 0.47	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	1.46	(0.21)	0.00	(0.24)	0.00	0.00	2.57	(2.48)	15.22
CFLT	2.40	0.65	0.31	0.79	1.51	(3.19)	7.56	(3.67)	29.45
KVYO	2.25	(0.16)	0.00	(0.07)	0.00	0.00	5.07	(5.10)	12.79
DSGX	1.38	(0.19)	0.00	(0.14)	0.00	0.00	2.02	(2.89)	16.59
BLSH	3.56	(0.89)	0.00	(0.21)	0.00	0.00	6.14	(8.52)	21.52
PATH	3.49	0.48	0.13	0.38	3.70	(3.97)	7.52	(7.23)	31.59
PCTY	1.16	(0.18)	0.00	(0.11)	0.00	0.00	2.75	(2.38)	9.24
CORZ	3.15	(0.16)	0.00	(0.10)	0.00	0.00	6.92	(7.56)	17.30
SRAD	1.61	(0.42)	0.00	(0.44)	0.00	0.00	3.88	(3.18)	13.52
INFA	0.09	(0.01)	(0.49)	(0.41)	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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