Box Correlations

BOX Stock

USD 24.73 0.44 1.81%

The current 90-days correlation between Box Inc and Lionsgate Studios Holding is -0.09 (i.e., Good diversification). The correlation of Box 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.

Box Correlation With Market

Excellent diversification

The correlation between Box Inc and DJI is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Box Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Box Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Box Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Box Stock

0.89	DT	Dynatrace Holdings LLC	Pair Corr
0.72	MQ	Marqeta	Pair Corr
0.81	PD	Pagerduty	Pair Corr
0.85	DOMO	Domo Inc	Pair Corr
0.88	MSFT	Microsoft Corp CDR	Pair Corr
0.72	ESTC	Elastic NV	Pair Corr
0.68	CRM	Salesforce	Pair Corr
0.79	NET	Cloudflare Earnings Call This Week	Pair Corr
0.82	TTD	Trade Desk	Pair Corr
0.86	HUBS	HubSpot	Pair Corr
0.91	INTU	Intuit Inc	Pair Corr
0.68	CRM	SalesforceCom CDR	Pair Corr
0.88	LPSN	LivePerson	Pair Corr
0.85	MNDY	MondayCom Earnings Call This Week	Pair Corr
0.66	MSTR	MicroStrategy Incorporated	Pair Corr
0.88	PAYC	Paycom Software Earnings Call This Week	Pair Corr
0.76	PHUN	Phunware	Pair Corr
0.91	CSU	Constellation Software	Pair Corr
0.92	ADSK	Autodesk	Pair Corr
0.63	BYIT	Bytes Technology	Pair Corr
0.62	BLIV	BeLive Holdings Ordinary	Pair Corr
0.89	TEAM	Atlassian Corp Plc Earnings Call Today	Pair Corr
0.73	MIM	MiMedia Holdings	Pair Corr
0.63	CDNS	Cadence Design Systems	Pair Corr
0.71	DDOG	Datadog Earnings Call This Week	Pair Corr

Moving against Box Stock

0.49	TTGI	Turnium Technology	Pair Corr
0.68	ASUR	Asure Software	Pair Corr
0.43	SNPS	Synopsys Sell-off Trend	Pair Corr
0.75	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.73	INTC	Intel	Pair Corr
0.69	KO	Coca Cola Aggressive Push	Pair Corr
0.65	NFG	National Fuel Gas	Pair Corr

Related Correlations Analysis

	DOYU	LION	YELP	OPRA	GIBO	LILA	IMAX	CCOI
DOYU		-0.31	0.56	-0.02	0.62	0.24	0.35	-0.21	DOYU
LION	-0.31		-0.3	0.36	-0.22	-0.61	0.25	-0.12	LION
YELP	0.56	-0.3		0.4	0.56	0.0	-0.09	0.44	YELP
OPRA	-0.02	0.36	0.4		0.04	-0.51	-0.07	0.47	OPRA
GIBO	0.62	-0.22	0.56	0.04		0.5	0.53	-0.06	GIBO
LILA	0.24	-0.61	0.0	-0.51	0.5		0.29	-0.21	LILA
IMAX	0.35	0.25	-0.09	-0.07	0.53	0.29		-0.51	IMAX
CCOI	-0.21	-0.12	0.44	0.47	-0.06	-0.21	-0.51		CCOI
	DOYU	LION	YELP	OPRA	GIBO	LILA	IMAX	CCOI

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

GIBO	+ 0.62	DOYU
YELP	+ 0.56	DOYU
GIBO	+ 0.56	YELP
IMAX	+ 0.53	GIBO
LILA	+ 0.5	GIBO
CCOI	+ 0.47	OPRA

High negative correlations

LILA	- 0.61	LION
CCOI	- 0.51	IMAX
LILA	- 0.51	OPRA
LION	- 0.31	DOYU
YELP	- 0.3	LION
GIBO	- 0.22	LION

Risk-Adjusted Indicators

There is a big difference between Box Stock performing well and Box 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 Box'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
DOYU	1.62	(0.22)	0.00	(0.39)	0.00	0.00	3.58	(3.53)	11.18
LION	1.97	0.57	0.28	(1.51)	1.50	(2.65)	4.84	(2.71)	11.61
YELP	1.56	(0.46)	0.00	(0.43)	0.00	0.00	2.45	(3.80)	12.51
OPRA	2.28	(0.07)	0.00	0.14	0.00	0.00	4.52	(5.63)	13.83
GIBO	4.42	(0.37)	0.00	0.91	0.00	0.00	9.44	(8.30)	32.13
LILA	1.74	(0.03)	(0.02)	0.02	2.10	(2.01)	3.52	(3.12)	15.16
IMAX	1.56	0.15	0.04	2.13	1.92	(1.72)	3.42	(3.31)	13.79
CCOI	3.88	(0.63)	0.00	(0.44)	0.00	0.00	6.76	(9.80)	37.44

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