Boxlight Corp Correlations

BOXL Stock

USD 1.27 0.15 10.56%

The current 90-days correlation between Boxlight Corp Class and Urgently Common Stock is -0.07 (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

Excellent diversification

The correlation between Boxlight Corp Class and DJI is -0.69 (i.e., Excellent 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 american community survey.

Moving together with Boxlight Stock

0.9

HPQ

HP Inc

Pair Corr

Moving against Boxlight Stock

0.91	SMFG	Sumitomo Mitsui Financial Earnings Call Today	Pair Corr
0.9	SMFNF	Sumitomo Mitsui Financial Earnings Call Today	Pair Corr
0.85	KFII	KF Growth Acquisition	Pair Corr
0.83	MGTC	Megatech Corp	Pair Corr
0.83	JRVR	James River Group	Pair Corr
0.82	MFG	Mizuho Financial Earnings Call This Week	Pair Corr
0.81	HBM	Hudbay Minerals	Pair Corr
0.8	MZHOF	Mizuho Financial Earnings Call This Week	Pair Corr
0.78	MBFJF	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.78	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.77	NMM	Navios Maritime Partners	Pair Corr
0.75	KNYJF	KONE Oyj Earnings Call This Week	Pair Corr
0.73	SUNFF	Sun Life Financial	Pair Corr
0.62	KB	KB Financial Group	Pair Corr
0.54	SHG	Shinhan Financial	Pair Corr
0.4	URG	Ur Energy	Pair Corr

Related Correlations Analysis

	ULY	TGL	CETX	OLB	WALD	MYSZ	AUUD	IMTE	ASNS	CCG
ULY		0.12	0.28	-0.15	-0.68	0.24	0.35	-0.01	0.09	-0.05	ULY
TGL	0.12		0.89	0.7	0.27	0.68	0.58	0.51	0.83	0.74	TGL
CETX	0.28	0.89		0.69	0.08	0.76	0.76	0.45	0.82	0.72	CETX
OLB	-0.15	0.7	0.69		0.5	0.68	0.66	0.46	0.84	0.91	OLB
WALD	-0.68	0.27	0.08	0.5		-0.06	-0.16	0.07	0.28	0.43	WALD
MYSZ	0.24	0.68	0.76	0.68	-0.06		0.78	0.53	0.84	0.71	MYSZ
AUUD	0.35	0.58	0.76	0.66	-0.16	0.78		0.56	0.76	0.66	AUUD
IMTE	-0.01	0.51	0.45	0.46	0.07	0.53	0.56		0.63	0.53	IMTE
ASNS	0.09	0.83	0.82	0.84	0.28	0.84	0.76	0.63		0.91	ASNS
CCG	-0.05	0.74	0.72	0.91	0.43	0.71	0.66	0.53	0.91		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	+ 0.91	OLB
CCG	+ 0.91	ASNS
CETX	+ 0.89	TGL
ASNS	+ 0.84	OLB
ASNS	+ 0.84	MYSZ
ASNS	+ 0.83	TGL

High negative correlations

WALD	- 0.68	ULY
AUUD	- 0.16	WALD
OLB	- 0.15	ULY
MYSZ	- 0.06	WALD
CCG	- 0.05	ULY
IMTE	- 0.01	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	5.87	0.09	(0.01)	(0.01)	5.70	(8.45)	15.23	(10.00)	67.64
TGL	12.37	1.61	0.10	(0.27)	12.28	(18.29)	13.57	(22.25)	316.34
CETX	10.43	(0.47)	0.00	(0.32)	0.00	0.00	15.44	(18.92)	165.95
OLB	4.92	(1.16)	0.00	(0.29)	0.00	0.00	10.53	(11.01)	51.07
WALD	3.61	(0.13)	0.00	0.35	0.00	0.00	9.57	(6.49)	33.33
MYSZ	4.04	(0.50)	0.00	(0.33)	0.00	0.00	11.39	(8.25)	26.97
AUUD	4.44	(0.43)	0.00	1.37	0.00	0.00	15.15	(11.11)	36.34
IMTE	6.00	0.44	0.06	3.55	6.08	(8.07)	13.79	(9.76)	63.84
ASNS	7.64	(3.14)	0.00	(0.73)	0.00	0.00	10.00	(16.67)	66.35
CCG	1.84	(0.36)	0.00	(0.69)	0.00	0.00	4.26	(4.12)	9.56

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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