This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Was Kass Wrong? 7 VIX Correlated Stocks To Prepare For A Market Crash

Stocks in this article: ALLT AM CALL CRK MLNX SKUL XCO

We took only the names with correlations of 0.55 and higher and short covering in the past month – a signal that short sellers expect share price to increase.

 

1. Allot Communications Ltd. (ALLT): Engages in developing, selling, and marketing Internet protocol service optimization solutions in Europe, the Middle East, Africa, the Americas, Asia, and Oceania. Market cap at $444.51M, most recent closing price at $14.04.  Shares shorted have decreased from 1.13M to 482.17K over the last month, a decrease which represents about 2.29% of the company's float of 28.23M shares. Days to cover ratio at 0.58 days. Correlation with the VIX index at 0.695 over the last 60 days. 

2. American Greetings Corp. (AM): Engages in the design, manufacture, and sale of greeting cards and other social expression products worldwide. Market cap at $508.45M, most recent closing price at $16.07.  Shares shorted have decreased from 12.36M to 12.07M over the last month, a decrease which represents about 1.04% of the company's float of 27.82M shares. Days to cover ratio at 38.31 days. Correlation with the VIX index at 0.564 over the last 60 days. 

3. magicJack VocalTec Ltd. (CALL): Market cap at $249.05M, most recent closing price at $13.06.  Shares shorted have decreased from 5.27M to 5.10M over the last month, a decrease which represents about 1.91% of the company's float of 8.91M shares. Days to cover ratio at 11.93 days. Correlation with the VIX index at 0.643 over the last 60 days. 

4. Comstock Resources Inc. (CRK): Engages in the acquisition, development, production, and exploration of oil and natural gas properties in the United States. Market cap at $685.32M, most recent closing price at $14.23.  Shares shorted have decreased from 10.36M to 8.26M over the last month, a decrease which represents about 4.69% of the company's float of 44.82M shares. Days to cover ratio at 7.67 days. Correlation with the VIX index at 0.562 over the last 60 days. 

5. Mellanox Technologies, Ltd. (MLNX): Engages in the design, development, marketing, and sale of interconnect products primarily in North America, Israel, Europe, and Asia. Market cap at $2.31B, most recent closing price at $54.48.  Shares shorted have decreased from 7.29M to 6.76M over the last month, a decrease which represents about 1.45% of the company's float of 36.51M shares. Days to cover ratio at 4.49 days. Correlation with the VIX index at 0.565 over the last 60 days. 

6. Skullcandy, Inc. (SKUL): Develops and distributes headphones and other audio accessories to retailers in the United States and to distributors in various countries worldwide. Market cap at $182.04M, most recent closing price at $6.61.  Shares shorted have decreased from 6.02M to 5.72M over the last month, a decrease which represents about 1.92% of the company's float of 15.66M shares. Days to cover ratio at 8.73 days. Correlation with the VIX index at 0.638 over the last 60 days. 

7. EXCO Resources Inc. (XCO): Engages in the exploration, exploitation, development, and production of onshore North American oil and natural gas properties with a focus on shale resource plays. Market cap at $1.41B, most recent closing price at $6.52.  Shares shorted have decreased from 19.66M to 17.66M over the last month, a decrease which represents about 1.51% of the company's float of 132.70M shares. Days to cover ratio at 5.91 days. Correlation with the VIX index at 0.565 over the last 60 days. 

List compiled by Kapitall's Rebecca Lipman. VIX data sourced from Yahoo! Finance, all other data sourced from Finviz.

 

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs