Calix Correlations

CALX
 Stock
  

USD 62.44  2.10  3.48%   

The correlation of Calix is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Calix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calix Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Continue to Trending Equities.
  
The ability to find closely correlated positions to Calix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calix when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Calix - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Calix Inc to buy it.

Moving together with Calix

+0.67INTUIntuit IncPairCorr
+0.7TEAMAtlassian Cls APairCorr
+0.84UBERUber TechnologiesPairCorr
+0.64SNOWSnowflake IncPairCorr
+0.76CDNSCadence Design SysPairCorr
+0.88AGCBAltimeter Growth CorpPairCorr
+0.89BLUABlueRiver AcquisitionPairCorr
+0.84PCGUPGE CorpPairCorr
+0.75TJXTJX CompaniesPairCorr
+0.62SLMNPSchulman APairCorr
+0.83RUNSunrun IncPairCorr

Moving against Calix

-0.7CIACitizensPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AF
CRMMSFT
MRKT
FUBER
XOMF
AUBER
  
High negative correlations   

Calix Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Calix Stock performing well and Calix company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Calix's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.63  0.22  0.08  0.17  2.79  0.09 (1.54)  4.00 (2.55)  15.22 
MSFT 1.31 (0.02)  0.00 (0.14)  0.00 (0.0324)  0.00  2.43 (3.17)  12.18 
UBER 2.87  0.49  0.14  0.26  2.91  0.12 (3.11)  5.60 (4.70)  25.11 
F 2.17  0.25  0.05  0.01  3.03  0.0484 (2.34)  5.18 (3.74)  18.47 
T 0.98 (0.36)  0.00 (0.67)  0.00 (0.22)  0.00  1.55 (2.33)  9.29 
A 1.58  0.18  0.07  0.01  1.87  0.07 (1.76)  2.87 (3.13)  11.70 
CRM 1.99 (0.12)  0.00 (0.20)  0.00 (0.08)  0.00  3.63 (4.55)  10.76 
JPM 1.27 (0.01)  0.00 (0.13)  0.00 (0.0187)  0.00  2.53 (2.88)  8.06 
MRK 0.92 (0.07)  0.00 (0.28)  0.00 (0.0034)  0.00  1.64 (2.13)  4.57 
XOM 1.76  0.08  0.05 (0.01)  2.18  0.05 (1.82)  3.19 (3.69)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Calix without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Bond Analysis Now

   

Bond Analysis

Evaluate and analyze corporate bonds as a potential investment for your portfolios.
All  Next Launch Module

Calix Corporate Directors

Calix corporate directors refer to members of a Calix board of directors. The board of directors generally takes responsibility for the Calix's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Calix's board members must vote for the resolution. The Calix board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Christopher Bowick - Independent DirectorProfile
Kathy Crusco - Independent DirectorProfile
Cathy Crusco - DirectorProfile
Thomas Pardun - Independent DirectorProfile

Invested in Calix Inc?

The danger of trading Calix Inc is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Calix is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Calix. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Calix Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

Complementary Tools for analysis

When running Calix Inc price analysis, check to measure Calix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Calix is operating at the current time. Most of Calix's value examination focuses on studying past and present price action to predict the probability of Calix's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Calix's price. Additionally, you may evaluate how the addition of Calix to your portfolios can decrease your overall portfolio volatility.
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Is Calix's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Calix. If investors know Calix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Calix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Calix Inc is measured differently than its book value, which is the value of Calix that is recorded on the company's balance sheet. Investors also form their own opinion of Calix's value that differs from its market value or its book value, called intrinsic value, which is Calix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Calix's market value can be influenced by many factors that don't directly affect Calix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Calix's value and its price as these two are different measures arrived at by different means. Investors typically determine Calix value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.