Boxlight Corporation Class A Common Stock (BOXL) Correlation Distribution
Across 6,809 rolling correlation observations between Boxlight Corporation Class A Common Stock (BOXL) and other NASDAQ-listed stocks, 67.7% are positive and 32.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.298, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 40.7% and strong negative correlations (≤−0.7) for 7.2%.
- Total observations
- 6,809
- Mean correlation
- 0.298
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.7%
- Strong positive (≥0.7)
- 40.7%
- Sector
- Services-Educational Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 244 | 3.6% | |
| -0.8 to -0.7 | 243 | 3.6% | |
| -0.7 to -0.6 | 326 | 4.8% | |
| -0.6 to -0.5 | 325 | 4.8% | |
| -0.5 to -0.4 | 227 | 3.3% | |
| -0.4 to -0.3 | 226 | 3.3% | |
| -0.3 to -0.2 | 206 | 3.0% | |
| -0.2 to -0.1 | 206 | 3.0% | |
| -0.1 to 0.0 | 189 | 2.8% | |
| 0.0 to 0.1 | 189 | 2.8% | |
| 0.1 to 0.2 | 193 | 2.8% | |
| 0.2 to 0.3 | 192 | 2.8% | |
| 0.3 to 0.4 | 232 | 3.4% | |
| 0.4 to 0.5 | 232 | 3.4% | |
| 0.5 to 0.6 | 401 | 5.9% | |
| 0.6 to 0.7 | 401 | 5.9% | |
| 0.7 to 0.8 | 994 | 14.6% | |
| 0.8 to 0.9 | 993 | 14.6% | |
| 0.9 to 1.0 | 785 | 11.5% |
Frequently asked questions
What is the average correlation of BOXL?
Boxlight Corporation Class A Common Stock (BOXL) has an average correlation of about 0.298 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BOXL positively correlated with other stocks?
Mostly yes — 67.7% of pairs are positive and 32.3% are negative. Strong positive correlations (≥0.7) make up 40.7%.
What is the most common correlation range for BOXL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.3% of all pairs.
Explore the full interactive correlation distribution for BOXL.
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