Calix Correlations
CALX Stock | USD 39.94 0.31 0.78% |
The current 90-days correlation between Calix Inc and Blackbaud is 0.25 (i.e., Modest 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
Weak diversification
The correlation between Calix Inc and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calix Inc and DJI in the same portfolio, assuming nothing else is changed.
Calix |
Moving together with Calix Stock
0.87 | PSTG | Pure Storage Earnings Call This Week | PairCorr |
0.71 | ANET | Arista Networks | PairCorr |
0.62 | SSYS | Stratasys | PairCorr |
0.77 | IBM | International Business | PairCorr |
0.7 | LPSN | LivePerson Earnings Call This Week | PairCorr |
0.84 | NOTE | FiscalNote Holdings | PairCorr |
0.76 | SSNLF | Samsung Electronics | PairCorr |
0.61 | COST | Costco Wholesale Corp | PairCorr |
0.78 | PLTR | Palantir Technologies | PairCorr |
0.84 | WMT | Walmart Earnings Call Today | PairCorr |
0.85 | BA | Boeing | PairCorr |
0.82 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against Calix Stock
0.79 | TLKMF | Telkom Indonesia Tbk | PairCorr |
0.78 | DM | Desktop Metal | PairCorr |
0.74 | PPERY | Bank Mandiri Persero Normal Trading | PairCorr |
0.74 | PPERF | Bank Mandiri Persero | PairCorr |
0.71 | HPQ | HP Inc Earnings Call This Week | PairCorr |
0.7 | DSWL | Deswell Industries | PairCorr |
0.63 | PTAIY | Astra International Tbk Earnings Call This Week | PairCorr |
0.44 | TLK | Telkom Indonesia Tbk | PairCorr |
0.42 | INTC | Intel Aggressive Push | PairCorr |
0.41 | MSTR | MicroStrategy Incorporated | PairCorr |
0.36 | BKRKF | PT Bank Rakyat | PairCorr |
0.79 | PBCRY | Bank Central Asia | PairCorr |
0.74 | AA | Alcoa Corp | PairCorr |
0.72 | PBCRF | PT Bank Central | PairCorr |
0.63 | XOM | Exxon Mobil Corp | PairCorr |
0.6 | MRK | Merck Company | PairCorr |
0.45 | CAT | Caterpillar | PairCorr |
0.39 | VZ | Verizon Communications Aggressive Push | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BLKB | 1.33 | (0.34) | 0.00 | (0.44) | 0.00 | 2.40 | 14.16 | |||
ENFN | 1.41 | 0.24 | 0.12 | 0.79 | 1.66 | 3.38 | 10.10 | |||
ETWO | 1.99 | (0.41) | 0.00 | (0.37) | 0.00 | 3.62 | 14.26 | |||
MODN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
CVT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
CVLT | 1.70 | 0.14 | 0.06 | 0.16 | 2.29 | 4.06 | 12.51 | |||
ENV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
MANH | 2.02 | (0.61) | 0.00 | (0.54) | 0.00 | 3.13 | 28.23 | |||
AGYS | 2.53 | (0.55) | 0.00 | (0.93) | 0.00 | 4.17 | 24.97 | |||
AZPN | 0.58 | 0.09 | 0.09 | 1.64 | 0.69 | 1.30 | 6.87 |