Boxlight Corp Correlations

BOXL Stock

USD 1.73 0.03 1.76%

The current 90-days correlation between Boxlight Corp Class and Urgently Common Stock is 0.03 (i.e., Significant 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

Weak diversification

The correlation between Boxlight Corp Class and DJI is 0.34 (i.e., Weak diversification) 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

0.93	SMCI	Super Micro Computer Aggressive Push	Pair Corr
0.86	CRSR	Corsair Gaming	Pair Corr
0.82	FNMFO	Federal National Mortgage	Pair Corr
0.67	T	ATT Inc	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.9	HD	Home Depot	Pair Corr
0.71	PG	Procter Gamble	Pair Corr

Moving against Boxlight Stock

0.95	BCH	Banco De Chile	Pair Corr
0.91	CSCO	Cisco Systems	Pair Corr
0.86	FTV	Fortive Corp	Pair Corr
0.86	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr
0.84	MRK	Merck Company	Pair Corr
0.81	BAC	Bank of America	Pair Corr
0.78	AVAL	Grupo Aval	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.77	SHG	Shinhan Financial	Pair Corr
0.69	TRV	The Travelers Companies	Pair Corr
0.68	KB	KB Financial Group	Pair Corr
0.64	MCD	McDonalds	Pair Corr
0.64	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.6	IBM	International Business	Pair Corr
0.53	MMM	3M Company	Pair Corr
0.52	WF	Woori Financial Group	Pair Corr

Related Correlations Analysis

	ULY	TGL	CETX	OLB	WALD	MYSZ	AUUD	IMTE	ASNS	CCG
ULY		0.69	0.83	0.65	-0.53	0.73	0.84	0.77	0.66	0.6	ULY
TGL	0.69		0.81	0.74	-0.16	0.79	0.75	0.84	0.79	0.76	TGL
CETX	0.83	0.81		0.77	-0.36	0.85	0.77	0.83	0.8	0.64	CETX
OLB	0.65	0.74	0.77		-0.09	0.84	0.82	0.84	0.85	0.74	OLB
WALD	-0.53	-0.16	-0.36	-0.09		-0.44	-0.32	-0.25	-0.2	-0.12	WALD
MYSZ	0.73	0.79	0.85	0.84	-0.44		0.79	0.85	0.89	0.74	MYSZ
AUUD	0.84	0.75	0.77	0.82	-0.32	0.79		0.86	0.7	0.77	AUUD
IMTE	0.77	0.84	0.83	0.84	-0.25	0.85	0.86		0.84	0.83	IMTE
ASNS	0.66	0.79	0.8	0.85	-0.2	0.89	0.7	0.84		0.67	ASNS
CCG	0.6	0.76	0.64	0.74	-0.12	0.74	0.77	0.83	0.67		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

ASNS	+ 0.89	MYSZ
IMTE	+ 0.86	AUUD
MYSZ	+ 0.85	CETX
ASNS	+ 0.85	OLB
IMTE	+ 0.85	MYSZ
AUUD	+ 0.84	ULY

High negative correlations

WALD	- 0.53	ULY
MYSZ	- 0.44	WALD
WALD	- 0.36	CETX
AUUD	- 0.32	WALD
IMTE	- 0.25	WALD
ASNS	- 0.2	WALD

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	5.05	0.00	(0.01)	0.07	4.47	(8.37)	10.90	(7.86)	46.69
TGL	11.74	0.90	0.08	0.32	12.36	(15.95)	12.67	(22.25)	316.34
CETX	10.63	0.19	0.02	0.14	11.00	(13.80)	17.36	(18.92)	165.95
OLB	3.92	(0.89)	0.00	(0.32)	0.00	0.00	10.53	(8.77)	29.08
WALD	3.75	(0.08)	0.00	0.37	0.00	0.00	7.58	(7.46)	33.33
MYSZ	3.27	(0.61)	0.00	(0.20)	0.00	0.00	6.76	(5.61)	22.02
AUUD	4.38	(0.98)	0.00	(0.42)	0.00	0.00	9.76	(13.08)	30.68
IMTE	4.99	(0.53)	0.00	(0.37)	0.00	0.00	7.50	(8.87)	63.84
ASNS	8.94	(2.41)	0.00	(0.34)	0.00	0.00	15.68	(16.67)	112.56
CCG	2.40	(0.71)	0.00	(0.39)	0.00	0.00	5.15	(5.00)	18.83

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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