WIX.com Ltd. (WIX) — Stock Correlations & Overview
Over the past year, WIX has moved most closely with WCLD, INVN, APPF. Explore the stocks most correlated and inversely correlated with WIX below, along with its price, financials, and company profile.
Stocks correlated with WIX
Correlation of daily returns. Higher positive values move with WIX; negative values move opposite it. Informational only, not investment advice.
Most correlated with WIX
| Symbol | Company | Correlation |
|---|---|---|
| WCLD | WisdomTree Cloud Computing Fund | 0.55 |
| INVN | Alger Russell Innovation ETF | 0.52 |
| APPF | AppFolio, Inc. Class ASERVICES-PREPACKAGED SOFTWARE | 0.52 |
| DOCU | DocuSign, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.51 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.51 |
Most inversely correlated with WIX
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.39 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.38 |
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | -0.35 |
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.35 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.32 |
Frequently asked questions about WIX correlations
- Which stocks are most correlated with WIX?
- Based on one year of daily returns, the stocks most correlated with WIX.com Ltd. (WIX) are WCLD (0.55), INVN (0.52) and APPF (0.52). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with WIX?
- Over the past year, the stocks most inversely correlated with WIX.com Ltd. (WIX) are HDGE (-0.39), DWSH (-0.38) and PLTZ (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these WIX correlations calculated?
- We compute the correlation of daily returns between WIX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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