Boxlight Corp Correlations

BOXL Stock

USD 1.62 0.14 9.46%

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.

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 interest.

Moving together with Boxlight Stock

0.63	BAC	Bank of America	Pair Corr
0.62	AXP	American Express	Pair Corr
0.65	CAT	Caterpillar	Pair Corr

Moving against Boxlight Stock

0.65	PG	Procter Gamble	Pair Corr
0.61	VZ	Verizon Communications	Pair Corr
0.51	JNJ	Johnson Johnson	Pair Corr
0.45	TRV	The Travelers Companies	Pair Corr
0.43	KEP	Korea Electric Power	Pair Corr
0.37	INTC	Intel	Pair Corr
0.33	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	SYTA	WTT	MINM	CLRO	CRNT	AKTS	NTGR	CASA	GILT	ASNS
SYTA		0.0	0.0	0.22	0.86	0.0	0.47	0.0	-0.59	0.65	SYTA
WTT	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	WTT
MINM	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MINM
CLRO	0.22	0.0	0.0		0.12	0.0	-0.2	0.0	-0.35	0.29	CLRO
CRNT	0.86	0.0	0.0	0.12		0.0	0.7	0.0	-0.35	0.76	CRNT
AKTS	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AKTS
NTGR	0.47	0.0	0.0	-0.2	0.7	0.0		0.0	0.0	0.62	NTGR
CASA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CASA
GILT	-0.59	0.0	0.0	-0.35	-0.35	0.0	0.0	0.0		-0.15	GILT
ASNS	0.65	0.0	0.0	0.29	0.76	0.0	0.62	0.0	-0.15		ASNS
	SYTA	WTT	MINM	CLRO	CRNT	AKTS	NTGR	CASA	GILT	ASNS

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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

CRNT	+ 0.86	SYTA
ASNS	+ 0.76	CRNT
NTGR	+ 0.7	CRNT
ASNS	+ 0.65	SYTA
ASNS	+ 0.62	NTGR
NTGR	+ 0.47	SYTA

High negative correlations

GILT	- 0.59	SYTA
GILT	- 0.35	CRNT
GILT	- 0.35	CLRO
NTGR	- 0.2	CLRO
ASNS	- 0.15	GILT
ASNS	- 0.0	CASA

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
SYTA	7.15	(1.53)	0.00	(2.01)	0.00	0.00	19.14	(15.01)	58.34
WTT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MINM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLRO	6.04	0.57	0.10	(0.50)	5.99	(9.74)	23.81	(12.22)	66.70
CRNT	3.66	(0.75)	0.00	(0.63)	0.00	0.00	6.77	(6.81)	37.31
AKTS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NTGR	2.24	(0.02)	0.00	(0.09)	0.00	0.00	4.41	(5.11)	12.12
CASA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GILT	2.38	0.28	0.10	0.17	2.43	(3.02)	5.85	(4.55)	19.71
ASNS	4.99	0.24	0.05	0.14	4.49	(8.00)	13.59	(8.26)	40.57

Boxlight Corp Corporate Management

CPA CPA	CEO Chairman	Profile
Mark Starkey	President	Profile
Andy Pennington	Managing EMEA	Profile
Gregory Wiggins	Chief Officer	Profile
Daniel Leis	Senior Marketing	Profile

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