WixCom Correlations

WIX Stock

USD 218.91 3.53 1.59%

The current 90-days correlation between WixCom and Zscaler is 0.2 (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

Modest diversification

The correlation between WixCom and DJI is 0.25 (i.e., Modest 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 together with WixCom Stock

0.73	S	SentinelOne	Pair Corr
0.77	NN	Nextnav Acquisition Corp	Pair Corr
0.72	ZS	Zscaler	Pair Corr
0.76	EVCM	EverCommerce	Pair Corr
0.75	EVTC	Evertec	Pair Corr
0.84	FIVN	Five9 Inc	Pair Corr
0.82	FLYW	Flywire Corp	Pair Corr
0.75	DBX	Dropbox	Pair Corr
0.82	DLO	Dlocal	Pair Corr
0.8	GEN	Gen Digital Sell-off Trend	Pair Corr
0.81	FTNT	Fortinet	Pair Corr
0.69	IOT	Samsara	Pair Corr
0.62	MDB	MongoDB Earnings Call This Week	Pair Corr
0.83	NET	Cloudflare	Pair Corr
0.66	RPD	Rapid7 Inc	Pair Corr

Moving against WixCom Stock

0.59	MQ	Marqeta	Pair Corr
0.54	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.4	VRNS	Varonis Systems	Pair Corr
0.37	VERI	Veritone	Pair Corr
0.37	VRAR	Glimpse Group	Pair Corr
0.83	VHC	VirnetX Holding Corp	Pair Corr
0.68	TCX	Tucows Inc	Pair Corr
0.37	PGY	Pagaya Technologies Tech Boost	Pair Corr
0.36	OLB	OLB Group	Pair Corr

Related Correlations Analysis

	ZS	NET	CRWD	PATH	OKTA	CHKP	RPD	TENB	SPLK	DOCN
ZS		0.82	0.82	0.68	0.39	-0.24	0.78	0.72	0.64	-0.1	ZS
NET	0.82		0.94	0.75	0.01	-0.18	0.82	0.7	0.76	0.15	NET
CRWD	0.82	0.94		0.71	-0.05	-0.31	0.83	0.64	0.82	0.06	CRWD
PATH	0.68	0.75	0.71		0.25	-0.24	0.64	0.64	0.37	-0.05	PATH
OKTA	0.39	0.01	-0.05	0.25		-0.01	0.08	0.27	-0.12	-0.22	OKTA
CHKP	-0.24	-0.18	-0.31	-0.24	-0.01		-0.24	0.23	-0.17	0.67	CHKP
RPD	0.78	0.82	0.83	0.64	0.08	-0.24		0.71	0.82	0.04	RPD
TENB	0.72	0.7	0.64	0.64	0.27	0.23	0.71		0.49	0.35	TENB
SPLK	0.64	0.76	0.82	0.37	-0.12	-0.17	0.82	0.49		0.11	SPLK
DOCN	-0.1	0.15	0.06	-0.05	-0.22	0.67	0.04	0.35	0.11		DOCN
	ZS	NET	CRWD	PATH	OKTA	CHKP	RPD	TENB	SPLK	DOCN

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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

CRWD	+ 0.94	NET
RPD	+ 0.83	CRWD
NET	+ 0.82	ZS
CRWD	+ 0.82	ZS
RPD	+ 0.82	NET
SPLK	+ 0.82	CRWD

High negative correlations

CHKP	- 0.31	CRWD
RPD	- 0.24	CHKP
CHKP	- 0.24	PATH
CHKP	- 0.24	ZS
DOCN	- 0.22	OKTA
CHKP	- 0.18	NET

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
ZS	1.91	(0.02)	0.00	0.10	3.72	(1.94)	3.73	(3.37)	20.36
NET	2.01	0.16	0.12	0.22	1.77	(2.42)	5.47	(3.44)	13.45
CRWD	1.98	0.31	0.18	0.31	1.73	(2.24)	4.04	(3.03)	11.54
PATH	1.93	(0.06)	0.03	0.09	2.53	(1.97)	4.52	(3.82)	12.04
OKTA	1.47	(0.44)	0.00	(0.38)	0.00	0.00	2.39	(3.42)	17.64
CHKP	1.12	(0.15)	0.00	(0.06)	0.00	0.00	2.75	(1.86)	17.62
RPD	1.72	0.01	0.04	0.13	1.66	(2.04)	4.23	(2.74)	10.83
TENB	1.20	(0.10)	(0.04)	0.05	1.49	(1.24)	2.52	(2.39)	9.94
SPLK	1.63	0.25	0.03	(0.36)	1.70	(1.91)	4.36	(3.33)	10.70
DOCN	2.17	(0.21)	(0.01)	0.04	3.14	(2.34)	5.16	(4.36)	22.00

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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