Codexis Stock Volatility
| CDXS Stock | USD 1.60 -0.07 -4.19% |
Codexis continues to exhibit a high volatility profile over the designated horizon. Codexis registers a Sharpe Ratio (Efficiency) of 0.0174, indicating risk-adjusted returns over the last 3 months. We identified 28 technical signals influencing current risk dynamics.
Sharpe Ratio = 0.0174
| High Returns | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | CDXS |
| Negative Returns |
Codexis posted a Market Risk Adjusted Performance of 0.6%, a Risk of 7.04, and a Risk Adjusted Performance of 0.03% for the reported period. Based on monthly moving average positioning, Codexis is operating near 1% of its observed historical performance range. Within a well-diversified portfolio, its contribution would depend on correlation and allocation weight.
Key indicators related to Codexis' volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Codexis Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Codexis daily returns, and it is calculated using variance and standard deviation.
Volatility Strategy
Codexis price volatility may influence cost basis positioning and portfolio weighting over time. Price retracements and recoveries can alter allocation balance. Current statistical measures show total volatility near 7.04% with a beta coefficient of 0.31, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of 0.0174, evaluates return per unit of total risk. An alpha value of 0.2 reflects performance relative to systematic market exposure. Expected return estimates near 0.12% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Risk appetite shifts can affect dispersion levels.
Main indicators related to Codexis' market risk premium analysis include:
Beta 0.31 | Alpha 0.2 | Risk 7.04 | Sharpe Ratio 0.0174 | Expected Return 0.12 |
Moving against Codexis Stock
| 0.85 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.81 | CTUY | Century Next Financial | PairCorr |
| 0.79 | MRBK | Meridian Bank | PairCorr |
| 0.77 | DAIUF | Daifuku Co | PairCorr |
| 0.71 | NFPDF | Nissin Foods Holdings | PairCorr |
| 0.67 | BSM | Black Stone Minerals | PairCorr |
| 0.55 | FUWAF | Furukawa Electric | PairCorr |
| 0.51 | PBYI | Puma Biotechnology | PairCorr |
| 0.5 | RIME | Algorhythm Holdings | PairCorr |
| 0.43 | CSTPF | Arrow Exploration Corp | PairCorr |
Sensitivity To Market
Codexis beta coefficient measures the volatility of Codexis stock relative to the systematic risk of the overall market benchmark. Mathematically, beta represents the slope of the regression line comparing Codexis returns against market returns. A beta of 0.31 indicates the degree of sensitivity to market-wide movements. Current total volatility is approximately 7.04%.Codexis has shown noticeable price swings over the selected period. Downside deviation is about 4.81% and standard deviation is about 6.81%, which summarize how widely returns have moved. Options markets imply a forward-looking volatility estimate near 160.0%. This suggests the market is pricing in the possibility of wider future price swings compared to recent historical dispersion. For stocks, volatility can be sensitive to changes in rates, inflation expectations, and overall market tone.
3 Months Beta |Analyze Codexis Demand TrendCheck current 90 days Codexis correlation with market (Dow Jones Industrial)Downside Risk
Codexis standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low.
Standard Deviation | 7.04 |
It is essential to understand the difference between upside risk (as represented by Codexis's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Codexis' daily returns or price. Codexis posted a Downside Deviation of 4.81, a Downside Variance of 23.10, and a Maximum Drawdown of 41.48 for the reported period.
Using Codexis Put Option to Manage Risk Based on 2026-06-18 Contracts
Codexis posted an Option Max Pain Price of 2 for the reported period. Put options written on Codexis grant holders of the option the right to sell a specified amount of Codexis at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Codexis Stock cannot fall below.
Codexis' PUT expiring on 2026-06-18
Profit |
| Codexis Price At Expiration |
Current Codexis Insurance Chain
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Put | CDXS260618P00001000 | -0.161238 | 0.133523 | 36 | 2026-06-18 | 0.0 - 0.3 | 0.0 | View |
Put | CDXS260618P00002500 | -0.689447 | 0.390883 | 19 | 2026-06-18 | 0.65 - 1.4 | 0.0 | View |
Stock Volatility Analysis
Volatility refers to the frequency at which Codexis stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Codexis' price changes.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. Codexis Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Projected Return Density Against Market
Given the investment horizon of 90 days Codexis has a beta of 0.311 suggesting as returns on the market go up, Codexis's average returns are expected to increase less than the benchmark. However, during a bear market, the loss from holding Codexis is expected to be smaller as well.Codexis is exposed to both systematic and unsystematic risk. Systematic risk reflects broader stock market movements, while company or sector-specific developments represent nonmarket drivers. Diversification may reduce specific risk, but market exposure remains. Beta and standard deviation help quantify volatility. Codexis posted a Downside Deviation of 4.81, a Mean Deviation of 4.42, and a Semi Deviation of 4.58 for the reported period.
Predicted Return Density |
| Returns |
What Drives Codexis' Price Volatility?
Several factors can influence Codexis' market volatility:Industry Dynamics
Sector-level events can directly affect Codexis' price stability. Regulatory changes, supply disruptions, or shifts in demand within Codexis' industry may create volatility even when the broader market is calm. Competitive dynamics and industry consolidation can also amplify price swings for companies like Codexis.Political and Economic Environment
Macroeconomic conditions and policy decisions shape the backdrop for Codexis' price movements. Interest rate changes, trade policy shifts, and fiscal legislation can all alter investor sentiment toward Codexis. During periods of economic expansion, Codexis' price tends to benefit from broader market optimism, while downturns can amplify selling pressure.Codexis' Company-Specific Factors
Volatility can also stem from events unique to Codexis. Earnings surprises, management changes, product launches, or legal developments may trigger sharp price reactions in Codexis' stock. Conversely, operational setbacks, guidance revisions, or data breaches can weigh on Codexis' share price.Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Codexis is 5738.11. The daily returns are distributed with a variance of 49.6 and standard deviation of 7.04. The mean deviation of Codexis is currently at 4.57. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.8
α | Alpha over Dow Jones | 0.20 | |
β | Beta against Dow Jones | 0.31 | |
σ | Overall volatility | 7.04 | |
Ir | Information ratio | 0.04 |
Stock Return Volatility
Codexis historical daily return volatility represents how much of Codexis stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm reported 7.0428% volatility on return distribution over a 90-day investment horizon. By contrast, Dow Jones Industrial has volatility of 0.8248% on return distribution over a 90-day investment horizon. Performance |
| Timeline |
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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Risk-Adjusted Indicators
There is a big difference between Codexis Stock performing well and Codexis 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 Codexis' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OABI | 2.16 | -0.27 | 0.00 | 0.31 | 0.00 | 4.62 | 16.11 | |||
| SGMO | 4.69 | 0.18 | 0.00 | -0.04 | 0.00 | 7.89 | 73.25 | |||
| IMDX | 3.86 | -0.14 | 0.00 | -0.20 | 0.00 | 9.03 | 32.12 | |||
| CCCC | 4.25 | 0.46 | 0.08 | 0.21 | 4.64 | 10.99 | 31.18 | |||
| RANI | 2.46 | -0.13 | 0.00 | -0.16 | 0.00 | 6.15 | 20.07 | |||
| ARMP | 4.98 | 0.80 | 0.15 | 1.03 | 5.06 | 14.07 | 35.45 | |||
| IPHA | 2.25 | -0.67 | 0.00 | -3.75 | 0.00 | 3.61 | 10.82 | |||
| GNFT | 3.17 | 0.75 | 0.15 | 0.60 | 3.86 | 7.34 | 25.18 | |||
| TARA | 3.47 | -0.03 | 0.03 | -0.07 | 5.77 | 9.00 | 38.16 | |||
| IVVD | 3.96 | -0.50 | 0.00 | -0.64 | 0.00 | 8.05 | 33.79 |
Risk Metrics, Assumptions & Methodology
Volatility for Codexis measures return dispersion and uncertainty over time. Higher dispersion implies wider price swings across observed periods. Codexis has a market cap of 145.39 M, ROE of -74.88%.
Unless otherwise specified, data for Codexis is compiled from periodic company reporting and market reference feeds and standardized for comparability. Updates may occur throughout the day. Volatility and downside metrics are estimated from historical return dispersion.
This content is curated and reviewed by:
Ellen Johnson - Member of Macroaxis Editorial BoardCodexis Investment Opportunity
Codexis currently shows materially higher return volatility than Dow Jones Industrial, with a relative multiple of about 8.59. Across the current 90-day horizon, that places the security below 63% of the broader equity and portfolio universe on a pure volatility basis.You can use Codexis to protect your portfolios against small market fluctuations. This directional read frames the latest price swing through a simple momentum and follow-through lens. It is intended to separate routine noise from more speculative bursts in price action. a very speculative upward sentiment. Check odds of Codexis to be traded at $1.52 in 90 days.Very good diversification
Across the chosen horizon, CDXS and DJI show a correlation of -0.23 and fall into the Very good diversification bucket. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.
Codexis Additional Risk Indicators
Looking at additional risk metrics for Codexis frames how the position may behave under different market and portfolio conditions. The stronger process compares similar securities with comparable growth and valuation context before ranking one as more or less risky.
| Risk Adjusted Performance | 0.03 | |||
| Market Risk Adjusted Performance | 0.5567 | |||
| Mean Deviation | 4.42 | |||
| Semi Deviation | 4.58 | |||
| Downside Deviation | 4.81 | |||
| Coefficient Of Variation | 3781.83 | |||
| Standard Deviation | 6.81 |
Codexis Suggested Diversification Pairs
Pair analysis around Codexis matters because it can turn one security idea into a more market-neutral structure. This framework is most useful when investors want to hedge directional moves caused by sector headlines or broad market pressure.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Codexis as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Codexis' systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Codexis' unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Codexis.
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