WixCom Correlations

WIX Stock  USD 100.97  2.92  2.81%   
The current 90-days correlation between WixCom and Dropbox is 0.23 (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 0.13 (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.
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 against WixCom Stock

  0.82DGWPF Drgerwerk AGPairCorr
  0.8NAUFF NevGold CorpPairCorr
  0.79FTV Fortive CorpPairCorr
  0.72ADAMI New York Mortgage Symbol ChangePairCorr
  0.7CASXF Casa MineralsPairCorr
  0.69TWLO Twilio IncPairCorr
  0.59SMXWW SMX Public LimitedPairCorr
  0.57ERHE ERHC EnergyPairCorr
  0.38FHELF First HeliumPairCorr
  0.37DB Deutsche Bank AGPairCorr

Related Correlations Analysis


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

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SRADDSGX
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KVYOCFLT
PATHCFLT
SRADCORZ
  

High negative correlations

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BLSHKVYO
CORZKVYO
INFASRAD
PATHDBX
SRADKVYO

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DBX  1.43 (0.17) 0.00 (0.21) 0.00 
 2.57 
 15.22 
CFLT  2.32  0.65  0.32  0.82  1.43 
 7.56 
 29.45 
KVYO  2.09  0.03  0.01  0.08  3.13 
 5.07 
 12.79 
DSGX  1.36 (0.15) 0.00 (0.12) 0.00 
 2.02 
 16.59 
BLSH  3.51 (0.81) 0.00 (0.22) 0.00 
 6.14 
 21.52 
PATH  3.48  0.45  0.12  0.33  3.66 
 7.52 
 31.59 
PCTY  1.16 (0.14) 0.00 (0.10) 0.00 
 2.75 
 9.24 
CORZ  3.15 (0.24) 0.00 (0.21) 0.00 
 6.92 
 17.30 
SRAD  1.67 (0.30) 0.00 (0.33) 0.00 
 3.88 
 13.52 
INFA  0.09 (0.01)(0.33) 0.50  0.12 
 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 AbrahamiCoFounder DevelopmentProfile