Boxlight Corp Correlations

BOXL Stock

USD 1.46 0.03 2.10%

The current 90-days correlation between Boxlight Corp Class and Urgently Common Stock is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boxlight Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boxlight Corp Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Boxlight Corp Correlation With Market

Pay attention - limited upside

The correlation between Boxlight Corp Class and DJI is -0.82 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boxlight Corp Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Boxlight Stock

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

Moving together with Boxlight Stock

0.85	HPQ	HP Inc Earnings Call This Week	Pair Corr
0.66	XRX	Xerox Corp	Pair Corr
0.79	MLOCT	Octopus Robots SA	Pair Corr
0.83	ALDRV	Drone Volt SA	Pair Corr
0.67	AAPL	Apple Inc CDR	Pair Corr
0.83	LHL1	Lenovo Group Limited	Pair Corr
0.66	5PD	Prodways Group SA	Pair Corr
0.92	LOGI	Logitech International	Pair Corr
0.73	NTAP	NetApp Inc Earnings Call This Week	Pair Corr
0.93	LOGN	Logitech International	Pair Corr
0.63	QMCO	Quantum	Pair Corr
0.64	AAPL	Apple Inc	Pair Corr

Moving against Boxlight Stock

0.78	WDC	Western Digital	Pair Corr
0.77	OSS	One Stop Systems Tech Boost	Pair Corr
0.71	STX	Seagate Technology PLC	Pair Corr
0.67	ALLOG	Logic Instrume	Pair Corr
0.61	MUB	Mühlbauer Holding	Pair Corr
0.45	AL2SI	2CRSI SA	Pair Corr
0.39	NNDM	Nano Dimension	Pair Corr
0.37	KTN	KONTRON AG ON	Pair Corr
0.92	ELMN	Elma Electronic AG	Pair Corr
0.87	WBT	Weebit Nano Earnings Call This Week	Pair Corr
0.85	ALOT	AstroNova	Pair Corr
0.79	SSYS	Stratasys	Pair Corr
0.76	ALCBX	Cibox Interctive	Pair Corr
0.76	SNDK	Sandisk Corp Symbol Change	Pair Corr
0.43	ALORD	Ordissimo	Pair Corr

Related Correlations Analysis

	ULY	TGL	CETX	OLB	WALD	MYSZ	AUUD	IMTE	ASNS	CCG
ULY		-0.03	0.26	-0.3	-0.57	0.04	0.12	-0.3	-0.25	-0.26	ULY
TGL	-0.03		0.76	0.55	0.57	0.54	0.42	0.29	0.78	0.73	TGL
CETX	0.26	0.76		0.52	0.4	0.65	0.56	0.16	0.68	0.69	CETX
OLB	-0.3	0.55	0.52		0.6	0.45	0.55	0.24	0.69	0.71	OLB
WALD	-0.57	0.57	0.4	0.6		0.28	0.1	0.24	0.77	0.72	WALD
MYSZ	0.04	0.54	0.65	0.45	0.28		0.61	0.26	0.6	0.68	MYSZ
AUUD	0.12	0.42	0.56	0.55	0.1	0.61		0.28	0.45	0.48	AUUD
IMTE	-0.3	0.29	0.16	0.24	0.24	0.26	0.28		0.42	0.29	IMTE
ASNS	-0.25	0.78	0.68	0.69	0.77	0.6	0.45	0.42		0.88	ASNS
CCG	-0.26	0.73	0.69	0.71	0.72	0.68	0.48	0.29	0.88		CCG
	ULY	TGL	CETX	OLB	WALD	MYSZ	AUUD	IMTE	ASNS	CCG

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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

CCG	+ 0.88	ASNS
ASNS	+ 0.78	TGL
ASNS	+ 0.77	WALD
CETX	+ 0.76	TGL
CCG	+ 0.73	TGL
CCG	+ 0.72	WALD

High negative correlations

WALD	- 0.57	ULY
IMTE	- 0.3	ULY
OLB	- 0.3	ULY
CCG	- 0.26	ULY
ASNS	- 0.25	ULY
TGL	- 0.03	ULY

Risk-Adjusted Indicators

There is a big difference between Boxlight Stock performing well and Boxlight Corp 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 Boxlight Corp'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
ULY	6.47	0.10	0.02	0.13	6.33	(9.13)	15.23	(10.29)	70.74
TGL	12.48	0.86	0.08	0.41	12.38	(19.71)	14.68	(22.25)	316.34
CETX	10.15	(0.25)	0.00	(0.20)	0.00	0.00	15.71	(18.48)	165.95
OLB	10.80	1.92	0.22	0.65	8.90	(21.90)	11.49	(17.07)	290.89
WALD	4.16	0.08	0.00	(0.80)	4.58	(4.82)	11.56	(8.06)	33.33
MYSZ	4.21	(1.02)	0.00	(0.51)	0.00	0.00	11.39	(10.14)	26.97
AUUD	5.36	0.05	0.00	0.22	5.45	(9.91)	19.39	(11.71)	38.35
IMTE	5.05	(0.08)	0.00	0.29	0.00	0.00	12.90	(9.76)	43.70
ASNS	7.12	(3.97)	0.00	(1.64)	0.00	0.00	9.09	(17.86)	53.32
CCG	1.69	(0.35)	0.00	(1.07)	0.00	0.00	4.26	(4.08)	10.03

Boxlight Corp Corporate Management

CPA CPA	CEO Chairman	Profile
Mark Starkey	President	Profile
Ryan Zeek	Chief Officer	Profile
Brian CPA	Interim Officer	Profile
Andy Pennington	Managing EMEA	Profile
Gregory Wiggins	Chief Officer	Profile

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